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Re-thinking The Insurance Industry In Real-Time To Cope With Pandemic-scale Disruption

Cloudera

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

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PODCAST: COVID19 | Redefining Digital Enterprises – Episode 4: COVID-19 | Implications and Impact on Insurance Industry

bridgei2i

Episode 4: COVID-19 | Implications and Impact on Insurance Industry. COVID-19 | Implications and Impact on Insurance Industry. In this episode, Anirban Chaudhury talks about how insurers the world over are grappling with new and unprecedented challenges to balance high financial losses, increasing new premiums, and rising claims.

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How manufacturers can unlock new value from existing data

CIO Business Intelligence

In an industry buffeted by constant pressure on margins, shifting trade patterns, and supply chain uncertainty, manufacturing companies are looking for any edge they can get. It can often be found in innovative uses of data. What’s more, data analytics is moving Faurecia closer to its goal of zero defects. “If

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Transforming FSI in ASEAN with Cloud Analytics

CIO Business Intelligence

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. . million in insurance fraud in just 7 months. .

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PODCAST: COVID19 | Redefining Digital Enterprises – Episode 10: COVID-19 | Evolving Trends of Digital Transformation

bridgei2i

This is probably the first time ever that we are witnessing a demand, a supply, and also a resource uncertainty. And if you’re a banker or an insurer, you’re probably busy figuring out how to measure these risks, mobilize these resources, and fund capital that’s going to provide strong growth. These are strange times.

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How data, automation and AI are transforming Business Process Outsourcing into a competitive advantage

IBM Big Data Hub

Manik, VP and senior partner for IBM Consulting, outlined a massive opportunity to strategically redesign the client’s finance operations and payment processing by leveraging AI, data analytics, metrics and automation. “Modern BPO is a creator of growth, differentiation and competitive advantage,” Manik says.

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Big Data Creates Numerous New Perks in the Gig Economy

Smart Data Collective

It also saves cost as they need not promise you with legal requirements of insurance coverage, paid vacations, or investing in excess worker capacity. 3 Overcome lack of job perks with data analytics tools. Even though the gig economy offers many benefits, it also takes away an equal chunk of the uncertainty surrounding you.

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