bridgei2i

NOVEMBER 25, 2020

Automated Sales & Underwriting Strategies can Transform Insurance. One of the major repercussions of the COVID-19 pandemic in financial sectors has been the increase in awareness about insurable risks across categories and markets. Images 1: Challenges before insurance industry in the post-Corona world.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

CIO Business Intelligence

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. According to Nationale-Nederlanden deputy general manager and CTO David Vaquero, the company’s digital transformation and evolution is continuous.

Digital Transformation 121

Digital Transformation Insurance Interactive Sales 121

Cloudera

APRIL 7, 2021

Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. . In a March 2021 poll by Celent , “improving customer experience” was identified as the top focus (63%) for insurers.

Insurance 57

Insurance Digital Transformation Internet of Things IoT 57

CIO Business Intelligence

OCTOBER 13, 2022

While pandemic-driven digital transformation has enabled the media and entertainment industry to stream awesome content 24/7 – digital technology is also safeguarding visitors, performing artist, and crew at the Eurovision Song Contest by monitoring their Covid-19 exposure levels in real time. So, how does it work?

Risk 94

Risk Broadcasting Measurement Recreation/Entertainment 94

bridgei2i

OCTOBER 7, 2020

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. The insurance industry—which, in the US alone, stands at $1.2 trillion, is seeing the volume of insurance transactions growing every year. In days ahead, digital transformation will be the saviour and guide of the industry.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

IBM Big Data Hub

JANUARY 15, 2024

Enterprises now recognize the importance of leveraging innovative technologies to drive digital transformation and achieve cost efficiency. The path of digital transformation is fraught with challenges. As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Digital Transformation 72

Digital Transformation Insurance Optimization ROI 72

bridgei2i

MAY 4, 2020

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.

Insurance 95

Insurance Enterprise Sales Digital Transformation 95

Cloudera

OCTOBER 21, 2020

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.

Insurance 72

Insurance Digital Transformation Unstructured Data Cost-Benefit 72

CIO Business Intelligence

MARCH 18, 2024

We’re at a critical time for digital transformation. But while there’s plenty of excitement and change underway, security risks and vulnerabilities have continued to follow right alongside that innovation. So, who needs to adhere to DORA? So, with no time to waste, where should they get started?

Risk Management 107

Risk Management Insurance Risk Testing 107

bridgei2i

APRIL 16, 2020

Insurance firm Swiss Re faced a $250m (approximately £215m) loss if the event was canceled instead of being delayed. Nonetheless, the firm faces “mid-three-digit” exposures from other event cancellations. The insurance industry —which, in the US alone, accounts for $1.2 Rise in Claim backlogs/ Rejections.

Insurance 71

Insurance Sales Digital Transformation Machine Learning 71

bridgei2i

JUNE 2, 2020

PODCAST: COVID 19 | Redefining Digital Enterprises. Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Despite these pressing concerns, COVID-19 has accelerated digital transformation. Management. Listening time: 12 minutes.

Risk Management 128

Risk Management Risk Enterprise Management 128

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

CIO Business Intelligence

NOVEMBER 16, 2023

She also shared some of the lessons she’s learned about taking risks, navigating complexity, fostering an innovative culture, and creating significant impact across the business. As we think about our next step change in driving business outcomes and competitive advantage for The Hartford, it is really our AI-led transformation.

Insurance 125

Insurance Enterprise Risk Digital Transformation 125

CIO Business Intelligence

JANUARY 3, 2024

One of the solutions aimed to improve customer experience and agent efficiency in insurance company contact centers by creating an automated summary of customer-agent calls and chats. Digital Transformation One of the features of this solution came from an IBM Consulting hackathon that took place in France in March 2023.

B2B 117

B2B Insurance Consulting Cost-Benefit 117

CIO Business Intelligence

MARCH 8, 2023

The effects are still being felt and in Northern Ireland specifically, ongoing political instability is further complicating approaches to digital transformation. People will be more risk-averse than they were during the pandemic, so let’s not allow those big public processes to push us back into traditional ways of working.

Insurance 97

Insurance Digital Transformation Interactive Risk 97

Cloudera

DECEMBER 11, 2020

COVID-19 has forced virtually every industry to embrace an acceleration in digital capabilities. While it can be argued that digital transformation was already underway; it’s hard to dispute that it has accelerated in recent months. Insurance and finance are two industries that rely on measuring risk with historical data models.

Insurance 92

Insurance Digital Transformation Unstructured Data Machine Learning 92

Rocket-Powered Data Science

OCTOBER 16, 2020

The 2020 year of the pandemic has forced organizations to speed up their digital transformation and advanced technology adoption plans, essentially compressing several years of anticipated developments into several months. In the recent 2020 RELX Emerging Tech Study , results were presented from a survey of over 1000 U.S.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

IBM Big Data Hub

JANUARY 16, 2024

One example of this is in insurance. Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals. An investment in the tools and infrastructure to combat such threats is likely to occur in 2024.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

IBM Big Data Hub

NOVEMBER 20, 2023

In 2023, organizations have faced an unprecedented level of pressure to digitally transform with the rise of generative AI as well as imperatives such as sustainability, labor productivity and security. For highly regulated industries that are tasked with safeguarding critical data, there’s a lot on the line.

Digital Transformation 90

Digital Transformation Insurance Enterprise Data-driven 90

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. Similarly, in the U.S.

Risk Management 78

Risk Management Risk Enterprise Business Services 78

CIO Business Intelligence

NOVEMBER 8, 2023

But strategically important digital transformations should be protected “because they set you up over time and create more flexibility and adaptability,” says Andrew Blau, MD and US leader, eminence and insights, at Deloitte Consulting. Also, sticking to your strategic digital transformation plans is paramount, says PwC’s Phaneuf.

IT 129

IT Cost-Benefit Digital Transformation Software 129

bridgei2i

MAY 20, 2020

Tourism and Hospitality are also largely affected, but in FS, insurance, and CPG, the impact is moderate. But because of COVID-19, digital transformation is helping B2B models trying to replicate successful B2C models. So, there are areas which are moderately affected, you know, take financial services, insurance, and CPG.

Enterprise 98

Enterprise Digital Transformation B2B Insurance 98

CIO Business Intelligence

AUGUST 14, 2023

The CIO of transportation and logistics company Werner Enterprises has spent the bulk of his career doing full-blown transformation projects that often took two or three years to complete and ended up being a “massive, monolithic platform.” Here’s how IT leaders are embracing a quick-win, cumulative approach to digital transformation.

IT 88

IT Insurance Digital Transformation Broadcasting 88

CIO Business Intelligence

MARCH 7, 2024

Public LLMs in the sandbox: Safely test publicly available Large Language Models (LLMs) in a sandbox environment, separate from the production setting, to assess their impact without risking operational disruptions. If you have a digital transformation office , you likely have used AI in several facets of a program.

Digital Transformation 72

Digital Transformation Machine Learning Risk Testing 72

CIO Business Intelligence

MARCH 22, 2022

With more and more companies undertaking the journey of digital transformation, the role of the CIO has become critical. He brings expertise in developing IT strategy, digital transformation, AI engineering, process optimization and operations. He will also plan and implement the company’s IT and digital strategy.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

CIO Business Intelligence

FEBRUARY 16, 2024

This can be particularly challenging in heavily regulated industries such as healthcare, insurance, and finance. CIOs can therefore focus on building new industry-focused platforms and micro-services, harnessing the power of the platform economy, by leveraging the partner resources for their digital transformation.

Strategy 134

Strategy Insurance Digital Transformation Enterprise 134

FineReport

APRIL 9, 2024

These innovative solutions pave the way for future trends in healthcare, shaping the industry’s digital transformation journey. The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Cloudera

JUNE 13, 2023

The bank offerings include standard deposit and lending services, credit cards, wealth management, agribusiness finance and insurance, and foreign exchange services for other financial institutions. In 2021, ANZ Bank unveiled its strategy to drive digital transformation, increase their speed to market and become more agile.

Data-driven 77

Data-driven Analytics Insurance Digital Transformation 77

Timo Elliott

JANUARY 5, 2022

They discussed how medium and small sized enterprises should handle the digital transformation, and the concrete roles of Data Protection Officers and Innovation Evangelists during this process. “We Yves: Do you think people are already fully convinced about the real added value of digital transformation? Timo: Yes.

Digital Transformation 115

Digital Transformation Machine Learning Enterprise Insurance 115

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. Without them an organisations’ AI exploits carry significant risk, particularly due to the triple-threats of data bias, mis-labelling, and poor selection.

Data Governance 145

Data Governance IT Risk Data Lake 145

CIO Business Intelligence

APRIL 28, 2023

Skandia consists of several different companies, of which insurance and banking are the two largest. The insurance business has old roots: the pension company was started as early as 1855, while the bank only started in 1994, yet it was first as a purely telephone bank. CIO, Cloud Management, Digital Transformation, IT Leadership

Insurance 59

Insurance Digital Transformation Technology Risk 59

CIO Business Intelligence

AUGUST 29, 2023

Guru Vasudeva, SVP and CIO of infrastructure and operations at Nationwide Insurance, is a gifted communicator advocating that one has to use the right tool for the right task. Artificial Intelligence, Digital Transformation, Generative AI, IT Leadership, IT Strategy Generative AI is not the right tool for many tasks.

Insurance 103

Insurance Digital Transformation Data Processing Enterprise 103

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 104

Insurance Digital Transformation Unstructured Data Risk 104

CIO Business Intelligence

SEPTEMBER 11, 2023

Translating the CEO’s strategy Another legacy organization, 105-year-old The Teachers Insurance and Annuity Association of America (TIAA), has “a specific focus on elevating data and digital fluency” across the organization, says Sastry Durvasula, CIO and client services officer. “Our

Digital Transformation 135

Digital Transformation ROI Strategy Technology 135

Cloudera

MARCH 25, 2021

The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal and confidential information carries heightened sensitivity in the light of financial, health and insurance activities. Financial institutions and insurers understand the benefits of more data.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

IBM Big Data Hub

FEBRUARY 14, 2024

AIOps is one of the fastest ways to boost ROI from digital transformation investments. They can streamline workflows to increase efficiency and reduce time-consuming tasks and the risk of error in production, support, procurement and other areas. ML can also conduct algorithmic trading without human intervention.

Cost-Benefit 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

CIO Business Intelligence

FEBRUARY 13, 2023

Hot: AI and VR/AR With digital transformations moving at full throttle, and a desire to stay innovative, it should come as no surprise that use cases for virtual reality, augmented reality, and artificial intelligence continue to grow in several verticals.

IT 145

IT Insurance Machine Learning Marketing 145