Corinium

FEBRUARY 28, 2020

With customers increasingly demanding fast, convenient insurance quotes, the industry’s data leaders are feeling the pressure to develop products, services and experiences fit for the modern age. AI-driven insurance app Lemonade is the latest in a long line of financial services innovations designed to put customer experiences first.

Insurance 221

Insurance Data-driven Management 221

Corinium

JULY 10, 2020

After a slow start, the insurance industry is embracing digital transformation – and this digital event highlighted how the sector’s data and analytics executives are leading the charge. Spurred on in part by InsureTechs intent on disrupting the industry, insurance companies have finally begun accelerating their digital transformations.

Digital Transformation 221

Digital Transformation Insurance Analytics Strategy 221

Analytics Vidhya

JUNE 7, 2024

Introduction Insurance is a document-heavy industry with numerous terms and conditions, making it challenging for policyholders to find accurate answers to their queries regarding policy details or the claims process. This often leads to higher customer churn due to frustration and misinformation. appeared first on Analytics Vidhya.

Insurance 162

Insurance Analytics IT 162

CIO Business Intelligence

DECEMBER 10, 2024

At EXL, we recently launched a specialized Insurance Large Language Model (LLM) leveraging NVIDIA AI Enterprise to handle the nuances of insurance claims in the automobile, bodily injury, workers compensation, and general liability segments.

Modeling 116

Modeling Insurance Unstructured Data Experimentation 116

Analytics Vidhya

SEPTEMBER 16, 2021

Objective Understand what is Cross-sell using Vehicle insurance data. Learn how to build a model for cross-sell prediction. Introduction If you are a Machine learning enthusiast or a data science beginner, it’s important to have a guided journey and also exposure to a good set of projects.In

Machine Learning 395

Machine Learning Insurance Data Science Modeling 395

CIO Business Intelligence

OCTOBER 16, 2024

>To help insurance brokerages tie in disparate systems to manage their operations and increase employee productivity, CRM software provider Salesforce has introduced a new offering in preview, the Financial Services Cloud. In addition, Financial Services Cloud can be used to service property and casualty insurance clients as well.

Insurance 119

Insurance Unstructured Data Finance Machine Learning 119

CIO Business Intelligence

DECEMBER 5, 2024

Why data distilleries are a game-changer: Insights from the insurance industry Traditionally, managing data in sectors like insurance relied on fragmented systems and manual processes. Historically, insurers struggled with fragmented data sources, leading to inefficient data aggregation and analysis.

Enterprise 105

Enterprise Insurance Unstructured Data Business Intelligence 105

TDAN

JANUARY 1, 2025

The insurance industry is experiencing a digital revolution. As customer expectations evolve and new technologies emerge, insurers are under increasing pressure to undergo digital transformation. However, legacy systems and outdated processes present significant hurdles for many companies.

Digital Transformation 52

Digital Transformation Insurance Strategy Technology 52

Analytics Vidhya

DECEMBER 20, 2021

It might be in hundreds for a local grocery store, and it may be in millions for a national bank or an insurance company. This article was published as a part of the Data Science Blogathon Businesses and Companies have a lot of customers these days. The number of customers widely vary. Companies like Google and […].

Customer Analytics 357

Customer Analytics Analytics IT Insurance 357

Smart Data Collective

JANUARY 30, 2024

The insurance sector is no exception. Using data efficiently in the insurance industry is crucial. Data analytics technology has been invaluable for businesses in all sectors in recent years. In a fast-paced world where data is everything, it is imperative to manage it tactfully to get the best results when required.

Insurance 119

Insurance Management Analytics Analytics Technologies 119

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 122

IT Insurance Consulting Risk 122

TDAN

NOVEMBER 6, 2024

Climate change is no longer a distant threat, but a present reality that’s reshaping the insurance landscape across the United States. home insurance market is far more severe and widespread than previously thought, potentially affecting every homeowner in the […]

Insurance 52

Insurance Data-driven Risk Marketing 52

Analytics Vidhya

OCTOBER 5, 2023

Data analyst jobs have particularly been on the rise in America’s cell phone service, insurance policy, marketing, banking, medical care, and technology sectors. This article will guide […] The post How to Become a Data Analyst in the USA? appeared first on Analytics Vidhya.

Insurance 335

Insurance Big Data Marketing Data Analytics 335

Analytics Vidhya

JUNE 20, 2023

Industries spanning telecommunications, insurance, banking, utilities, and government agencies are poised to embrace AI-powered solutions in the coming years. The rapid advancement of artificial intelligence (AI) technology has brought about a transformative shift in customer service and support, especially with the introduction of chatbots.

Software 335

Software Insurance Technology Analytics 335

AWS Big Data

JULY 16, 2024

This post is written in collaboration with Clarisa Tavolieri, Austin Rappeport and Samantha Gignac from Zurich Insurance Group. Zurich Insurance Group (Zurich) is a leading multi-line insurer providing property, casualty, and life insurance solutions globally.

Insurance 124

Insurance Management Cost-Benefit Optimization 124

Smart Data Collective

APRIL 28, 2024

AI is helping insurance companies better deal with DUIs when writing policies.

Insurance 102

Insurance Finance 102

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 105

IT Insurance Consulting Risk 105

Analytics Vidhya

JANUARY 17, 2023

Corporations across all industries have invested significantly in big data, establishing analytics departments, particularly in telecommunications, insurance, advertising, financial services, healthcare, and technology. Introduction Data analytics is a field filled with promise.

Advertising 305

Advertising Insurance Big Data Data Analytics 305

O'Reilly on Data

JANUARY 15, 2020

Should insurance policies be personalized in a webpage using reinforcement learning, and what are the attributes that should drive that? Or is an algorithm trying to find out better ways that are not goaled toward the purpose of insurance, which is a long-term financial pool of risk and social safety net.

Insurance 347

Insurance Measurement Risk IT 347

CIO Business Intelligence

MARCH 11, 2025

The virtual event also featured demos of EXL Code Harbor , a generative AI-powered code migration tool, and EXLs Insurance Large Language Model (LLM) , a purpose-built solution to the industrys challenges around claims adjudication and underwriting. It also delivers the best outcomes for both the insurers and the insured.

Enterprise 108

Enterprise Insurance Forecasting Optimization 108

Corinium

MARCH 9, 2020

The rise of data and analytics in the insurance industry means the underwriting profession is changing fast. Not everyone is thrilled about the rise of AI in the insurance industry.

Insurance 243

Insurance Analytics 243

Corinium

JUNE 6, 2019

I am the Chief Practice Officer for Insurance, Healthcare, and Hi-Tech verticals at Fractal. The Insurance practice is currently engaged with several top 10 P&C insurers in the US, across the Insurance value chain through AI, Engineering, Design & Behavioural Sciences programs.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Analytics Vidhya

MARCH 29, 2022

Insurance companies are profitable when the claims that they issue are lesser than the premiums they receive. This article was published as a part of the Data Science Blogathon. Introduction Any company in existence today thrives to make a profit. This is the real-world problem we are going to tackle today. If there is a method […].

Machine Learning 270

Machine Learning Insurance Data Science Publishing 270

CIO Business Intelligence

MARCH 27, 2024

When the leadership team at Erie Insurance planned a large-scale transformation, they knew it couldn’t be an IT-only effort. Finally, the way Erie Insurance drives transformation is by leveraging enterprise business agility. Change Management, CIO, Digital Transformation, Innovation, Insurance Industry, IT Leadership, IT Strategy

Insurance 95

Insurance Scorecard Digital Transformation Strategy 95

CIO Business Intelligence

DECEMBER 19, 2024

The insurance company decided to migrate from on-premises BMC Remedy to cloud-based BMC Helix ITSM and Discovery. The companys more recent adoption of BMC ServiceOps has transformed change management processes and IT services management (ITSM) success for his organization.

IT 98

IT Insurance Cost-Benefit Optimization 98

CIO Business Intelligence

OCTOBER 30, 2024

Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry.

Enterprise 139

Enterprise Data Architecture Unstructured Data Insurance 139

Corinium

JUNE 5, 2020

In episode 14 we talk to Eugene Wessels about how data analytics is at the foundation over King Price Insurance's operating model.

Insurance 195

Insurance Modeling Data Analytics Analytics 195

CIO Business Intelligence

DECEMBER 29, 2024

Para que las transformaciones digitales funcionen desde una perspectiva cultural, es necesario que los lderes de una organizacin adopten o fomenten el cambio, afirma Michael Corrigan, director de TI de World Insurance. Tiene que haber un liderazgo eficaz y un compromiso de los lderes empresariales y de TI, afirma Corrigan de World Insurance.

Insurance 116

Insurance Strategy Digital Transformation Enterprise 116

CIO Business Intelligence

NOVEMBER 27, 2024

Organizations must navigate frameworks like the EU’s General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and sector-specific mandates such as the Health Insurance Portability and Accountability Act (HIPAA). are creating additional layers of accountability.

Data Governance 132

Data Governance Risk Insurance Metadata 132

CIO Business Intelligence

FEBRUARY 20, 2025

Customer concerns about old apps At Ensono, Klingbeil runs a customer advisory board, with CIOs from the banking and insurance industries well represented. Banking and insurance are two industries still steeped in the use of mainframes, and Ensono manages mainframes for several customers.

Insurance 108

Insurance Cost-Benefit Unstructured Data Data Lake 108

CIO Business Intelligence

MARCH 5, 2025

These specialized AI models are trained on domain-specific data, building on the EXL Insurance LLM that supports critical claims and underwriting tasks. Domain-specific LLMs: EXLerate.AI includes two new, proprietary LLMs for health and finance.

Insurance 85

Insurance Cost-Benefit Interactive Enterprise 85

CIO Business Intelligence

JANUARY 5, 2025

One insurance company, for instance, automated its mailroom with SS&C Blue Prism, using pre-programmed templates to quickly identify and reorder forms and extract typed and handwritten data, SS&C Blue Prism helped the company replace manual tasks with up to 98% accuracy. [3] AI in action The benefits of this approach are clear to see.

Enterprise 124

Enterprise Cost-Benefit Unstructured Data Data Quality 124

CIO Business Intelligence

NOVEMBER 7, 2024

Monica Caldas is an award-winning digital executive who leads a team of 5,000 technologists as the global CIO for Liberty Mutual Insurance. As a technology organization supporting a global insurance company, job No. Monica Caldas: I always think of technology as having a defensive and an offensive side. That’s the defensive side.

Insurance 120

Insurance Experimentation Testing Technology 120

Rocket-Powered Data Science

OCTOBER 16, 2020

senior executives across eight industries: agriculture, banking, exhibitions, government, healthcare, insurance, legal, and science/medical. The sectors with the greatest increases in investment were insurance, banking, and agriculture, followed closely by healthcare and science/medical.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

O'Reilly on Data

JANUARY 28, 2019

But what about the insurance companies? But absent government regulation to prevent health insurance companies from using data about preexisting conditions, individual consumers lack the ability to withhold consent. The outcome might not be what you want, but you've agreed to take the risk. Consent, to put it bluntly, does not work."

Insurance 244

Insurance Metadata Data Collection Marketing 244

CIO Business Intelligence

NOVEMBER 11, 2024

For the global risk advisor and insurance broker that includes use cases for drafting emails and documents, coding, translation, and client research. “The thing about the AI stuff is it’s really cheap, if you do it right,” Beswick says.

ROI 137

ROI Cost-Benefit Risk Experimentation 137

CIO Business Intelligence

DECEMBER 9, 2024

In insurance, we can soon expect to see agentic agents manage the end-to-end workflow for customer engagements. Hospitals and healthcare providers, for example, will increasingly use AI-powered diagnostic tools to assist in the analysis of medical images and the detection of diseases.

Technology 98

Technology Insurance Interactive Reporting 98