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Insurance Related Topics 
DataFloq
APRIL 27, 2022
The insurance industry has been undergoing major changes in recent years. With that being said, insurers have to keep an eye on the latest technology trends in order to retain clients and remain competitive in the ever-changing world of fintech. Personalized insurance.
DataFloq
DECEMBER 21, 2020
Usage of Insurance Analytics is rapidly increasing. In this blog, we will discuss how insurance analytics is shaping the new space.The insurance industry is primely characterized by two factors. The reasons for this transformation lies in the backdrop events.
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DataFloq
JANUARY 24, 2021
Data analysis has always been crucial for insurance companies as they are deeply engrossed in data progressing and statistical analysis. A complete insurance data analysis ensures that all greater risks are covered to the best capabilities.
DataFloq
JULY 11, 2021
And the insurance sector is also witnessing this overhaul. And this is where insurance analytics enters the picture. Let us review the role of insurance analytic in delivering value.The Business Value of Insurance AnalyticsThe global market of insurance analytics was valued at USD 8.8
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DataFloq
SEPTEMBER 27, 2021
Customer service is an important competitive differentiator in the prudent day’s insurance market. As there are a number of choices available in the market, insurance agencies need to go above and beyond their core service offerings in order to thrive in the competitive industry.
DataFloq
MARCH 27, 2020
The nature of the Insurance industry being data-centric, insurers abide by the policy of keeping data as a treasure for their respective growth.
DataFloq
SEPTEMBER 24, 2021
The insurance industry is one such industry that still needs to step up its digital game.So, what’s taking so long for the insurance industry to mobilize its solutions?Traditionally, Traditionally, the insurance industry is lukewarm towards change.
DataFloq
AUGUST 3, 2020
The insurance industry is data-driven. It also provides valuable customer behavior ideas for the insurers to benefit in strategic decision making.Insurance data analytics builds the guidelines for directing better decisions by accurate insights procured from the data analysis.
DataFloq
DECEMBER 9, 2021
ROME (Reuters) - Generali, Accenture and Vodafone have created a package of cyber security services to help the insurer's corporate clients to detect, react and recover from cyber threats and incidents.
DataFloq
NOVEMBER 19, 2021
LONDON (Reuters) - Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. By Carolyn Cohn.
DataFloq
SEPTEMBER 18, 2021
Most insurance companies tend to process only a small part of their data — around 10 to 15%. Fraud detectionSince insurance companies deal with a lot of sensitive data and assets, they need to have an efficient way of finding any fraudulent activities and preventing them.
DataFloq
JULY 22, 2021
A faster turnaround time is a must-have in all service sectors, such as Insurance. First-time rights, low false negatives, and false positives, and standardized workflows are all important for the Insurance domain.
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DataFloq
APRIL 29, 2020
As technology advances, traditional financial assets like insurance policies will have to change if they want to compete in our world. Will this make car insurance companies non-existent?
DataFloq
NOVEMBER 26, 2021
The insurance industry is swiftly implementing data analytics into business processes. Need, availability, and affordability are the key factors driving the growth of insurance analytics. Let’s explore the key points highlighting the importance of insurance data analytics.
DataFloq
MAY 27, 2021
energy companies are scrambling to buy more cyber insurance after this month's attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of ransomware attacks. By Laura Sanicola. Reuters) - U.S.
DataFloq
MAY 13, 2021
LONDON (Reuters) - Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd's of London insurers AXA XL and Beazley among the underwriters, three sources told Reuters on Thursday.
Smart Data Collective
JUNE 29, 2021
One of the industries most affected by data technology has been the insurance sector. In order to appreciate the role of big data in insurance, it is necessary to look at its historical context. It was the insurance industry that took the concept of money and made it truly abstract.
DataFloq
JULY 30, 2021
Case Management is a 24 x 7 job in the Insurance sector. Majorly used in the Insurance and Healthcare domains, a digitally-enabled Case Management platform simplifies the work of the case owners; that is the relationship managers and doctors.
Smart Data Collective
NOVEMBER 10, 2021
Big data technology has been a huge gamechanger in the insurance sector. More insurance are using big data to assist with the underwriting process. However, insurance companies aren’t the only ones affected by big data. Speak To the Insurance Company.
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.
Corinium
JANUARY 16, 2020
AI is coming to the disrupt the insurance industry. From Ping An in China to Lemonade in the US, companies across the globe are harnessing AI technologies to drag the sector into the 21st century. Artificial Intelligence & Machine Learning
DataFloq
AUGUST 11, 2021
online bank Ally Financial has agreed to a partnership with home insurance provider Hippo Holdings Inc that will allow it to offer home insurance policies for the first time, the companies told Reuters. By David French. NEW YORK (Reuters) - U.S.
DataFloq
JUNE 5, 2020
As an industry that works on the principles of data analysis, the insurance field is a game of big data. Data LinkageThe insurance ecosystem works on a wide range of data available from both internal and external sources.
Smart Data Collective
DECEMBER 21, 2020
We previously talked about the benefits of data analytics in the insurance industry. billion from the insurance industry. However, major advances in AI have arguably affected the insurance industry even more. The insurance industry is evolving with new changes in AI.
DataFloq
APRIL 11, 2019
Big data is greatly affecting the operations of many businesses, including those in the insurance sector. Insurance data can be particularly challenging to use because it comes from many sources such as adjusters’ notes, fraud lists and claims databases. The large number of claims that insurance companies receive means that adjusters often fail to review all the available information, which can result in a poor decision.
DataFloq
APRIL 24, 2020
How does an insurance company determine who is and who isn’t eligible for a policy? we all know, insurance is a customer centric industry and highly dependent on data. Let’s find out how data quality can make or break your insurance business.
DataFloq
MAY 16, 2021
Artificial Intelligence (AI) in insurance, along with its subsidiaries, in the form of Machine Learning, Deep Learning, etc., has been revolutionizing the industry for quite some time now.
DataFloq
SEPTEMBER 18, 2019
The insurance sector can benefit significantly from these advancements of cognitive technology too. This is made possible with the heaps of data collected by insurance companies and not used to their full potential. In the insurance business vertical, AI can have a positive impact at every level, from automating call center request processing to helping make accurate assessments and executive-level decisions. Applications of AI for Insurance.
Corinium
FEBRUARY 3, 2020
Unfortunately for the insurance industry’s data leaders, many data sources are riddled with inaccuracies. Data is the lifeblood of the insurance industry. Using data to inform business decisions only works when the data is correct.
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.
Smart Data Collective
OCTOBER 13, 2021
Cyber insurance may be the best solution for SMBs to protect themselves if and when they fall victim to a cyber-attack. Most cyber insurance policies for SMBs will cover up to one million dollars of damages, which includes coverage for profit losses, liabilities, and lawsuits.
Smart Data Collective
SEPTEMBER 19, 2021
You might be surprised to hear that AI is becoming more important in the field of insurance than ever. Insurance companies have been using AI and big data for underwriting and other functions for years. AI Provides Better Accessibility for Insurance Customers.
DataFloq
APRIL 1, 2021
Reuters) - If Elon Musk's Tesla wanted to insure all of its recent $1.5 Insurers have yet to catch up with the growing acceptance of cryptocurrencies as an investment and in commerce: Musk said last month Tesla's customers can now use bitcoin as payment.
Smart Data Collective
JUNE 3, 2021
The insurance industry is among those that has found new opportunities to take advantage of machine learning technology. The market for data analytics in the insurance sector is projected to be worth nearly $22.5 5 Ways AI Can Be Used By Life Insurers.
DataFloq
AUGUST 24, 2021
The event comes as Congress weighs new legislation concerning data breach notification laws and cybersecurity insurance industry regulation, historically viewed as two of the most consequential policy areas within the field. By Christopher Bing.
DataFloq
MARCH 2, 2021
FRANKFURT (Reuters) - Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its clients, the companies said on Tuesday.
DataFloq
MAY 28, 2019
The insurance industry has always been quite conservative; however, the adoption of new technologies is not just a modern trend but a necessity to maintain a competitive pace. Learn more about the benefits of Big Data for insurance from our material. Processed by artificial intelligence, it becomes a valuable source of information vital for most business models, including insurance. Big Data and Insurance: Implications for Innovation and Competition.
Dataiku
MAY 12, 2022
Estimating risk is the essential ingredient to determine the price of an insurance policy. For decades, actuaries have used statistical models to predict the risk of losses or damages to calculate an insurance price.
Cloudera
JANUARY 27, 2022
Insurers are increasingly adopting data from smart devices and related technologies to support and service their customers better. In this session, Denise mentioned a range of smart devices and related technology that insurers are adopting to support and service their customers better.
DataFloq
OCTOBER 1, 2020
Reuters) - Cyber insurers and other financial institutions that facilitate payments to hackers to end cyberattacks risk running afoul of sanctions rules, the U.S. By Suzanne Barlyn.
DataFloq
JUNE 30, 2019
As a booming market full of endless possibilities, the autonomous vehicles segment has also raised questions on the requirement of insurance for vehicles in an accident-free future. Autonomous Vehicles and the Insurance Industry. Autonomy in vehicles is bound to come with its share of disruption in the insurance industry.
Teradata
AUGUST 17, 2021
Vantage on AWS supports Next Best Action efforts - adding new supplemental coverage on policy renewals at a rate of 250
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