CIO Business Intelligence

DECEMBER 1, 2022

For over 130 years, Hastings Mutual Insurance Company has served and protected its clients throughout the Midwest. Hastings management decided on a proactive approach, taking on the challenge of modernizing its existing mainframe operations to an open-source environment to remain competitive in future markets.

Insurance 111

Insurance Management Cost-Benefit Digital Transformation 111

Cloudera

NOVEMBER 16, 2020

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. The different venues to commit fraud against an insurer are mind-boggling, with serious financial consequences.

Insurance 96

Insurance ROI Marketing Machine Learning 96

Dataiku

FEBRUARY 16, 2021

Insurance is one of the many industries that has been tremendously shaken by the events of 2020. These unprecedented happenings are significantly reshaping the insurance market, pushing insurers to review their approach to numerous sectors and risks.

Insurance 98

Insurance Marketing Risk 98

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 299

Insurance Big Data Marketing Data Analytics 299

Teradata

JANUARY 20, 2023

The dwindling personal auto insurance market is a harbinger of a lot more change to come. Find out more.

Insurance 98

Insurance Marketing 98

Cloudera

JANUARY 27, 2022

Insurers are increasingly adopting data from smart devices and related technologies to support and service their customers better. I have been researching more about how we can use the new data from those devices to design more innovative insurance products while being aware that these should all be contingent upon customer opt-in.

Insurance 81

Insurance IoT Risk Data Processing 81

IBM Big Data Hub

JUNE 24, 2020

Max Jaiswal is the enterprise data team lead at AIA Australia , a pan-Asian life insurance company with presence in 18 markets across the Asia-Pacific region. The 100-year-old firm is the largest life insurer in the world, and the largest company on the Hong Kong stock exchange , with assets of USD $230 billion.

Insurance 104

Insurance Management Marketing Enterprise 104

Smart Data Collective

MAY 10, 2022

According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 According to MarketsandMarkets , AI in the cybersecurity market is projected to grow from $8.8 Insurance entails protection against risks no matter how low the probability of them occurring. billion in 2020.

Marketing 111

Marketing Technology Insurance Machine Learning 111

Smart Data Collective

JUNE 26, 2019

The insurance industry is based on the idea of managing risk. The journal Risk Management and Insurance Review mentions that historically, in the latter half of the twentieth century, the analysis of trends was the primary driver in determining risk in the insurance business. Advanced Analytical Processes in Insurance.

Insurance 94

Insurance Data Analytics Analytics IoT 94

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. The insurance dashboard is one of the most commonly used data display methods.

Insurance 52

Insurance Dashboards KPI Analytics 52

Decision Management Solutions

JUNE 19, 2019

There is a common high-level customer journey for insurance customers. Here at Decision Management Solutions we’ve helped insurance carriers in the US and Asia develop innovative approaches to developing and delivering NBO/NBA initiatives. This process automation also improves the ROI on marketing programs. By: Zoe Zhou.

Insurance 75

Insurance Consulting Predictive Analytics Interactive 75

Alation

APRIL 13, 2021

He shows how Texas Mutual Insurance Company has embraced data governance to build trust in data. Through the Snowcase program, we highlighted how Snowflake and Alation help joint customers with data governance in the insurance industry. In this blog, Chris shows how Snowflake and Alation together accelerate data culture.

Insurance 98

Insurance Data Governance Data-driven Metrics 98

Decision Management Solutions

MAY 1, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. That post, referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , in which he states that there are only three levers of value in insurance: 1. Sell More , 2. Cost Less to Operate.

Insurance 75

Insurance Technology Predictive Analytics Risk 75

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

Octopai

APRIL 18, 2022

Regulatory standards for the insurance industry are almost as old as the insurance industry itself. Insurance in the ancient world tended to revolve around merchants shipping cargo. Insurance for your personal valuables, your pets or your fantasy football players was a thing of the future. . Let’s see how.

Insurance 52

Insurance Risk Cost-Benefit Reporting 52

Smart Data Collective

MARCH 28, 2019

The life insurance industry will soon undergo a dramatic transformation in response to advances in big data. A number of insurance executives have been reluctant to embrace the changes of big data. One study found that 74% of respondents felt that the insurance industry had done an inadequate job addressing the need for big data.

Insurance 81

Insurance Big Data Cost-Benefit Consulting 81

CIO Business Intelligence

JANUARY 25, 2024

Healthcare: digital assistants for Dx and Rx The market for healthcare chatbots globally is projected to more than triple to $647 million by 2030, according to Vantage Market Research. billion, according to Verified Market Research. billion by 2032, according to Allied Market Research. billion in 2022 to $6.9

Insurance 105

Insurance Interactive Marketing Publishing 105

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

Decision Management Solutions

APRIL 15, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question? , in which he argues that there are only three levers of value in insurance: 1. Sell More.

Insurance 63

Insurance Technology Predictive Analytics Sales 63

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. Images 1: Challenges before insurance in the post-Corona world. click here.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

IBM Big Data Hub

JUNE 26, 2018

In this Q&A, IBM financial services solution architect Irina Saburova discusses an insurance use case with IBM Data Science Marketing Lead Rosie Pongracz.

Insurance 80

Insurance Data Science Forecasting Marketing 80

bridgei2i

SEPTEMBER 4, 2020

While the concentration has been on manufacturing, marketing, customer service, and logistics, AI is also being preferred by the insurance sector. More than three years ago, a well-known firm said that using AI tools would bring new life and energy into the insurance industry. The insurance industry is no exception to this rule.

Insurance 52

Insurance Machine Learning IoT Manufacturing 52

bridgei2i

MARCH 9, 2021

What are the Benefits one can Avail by Employing AI in the Insurance Industry? We all know how beneficial it is to have digitized markets, sectors, aids in our hands. How is AI in Insurance Industry Constructive? Hence, applying AI in the Insurance industry can be advantageous. What is AI or Artificial Intelligence?

Insurance 52

Insurance Recreation/Entertainment Software Enterprise 52

Decision Management Solutions

SEPTEMBER 5, 2019

McKinsey recently reported that “Most carriers are struggling to meet their cost of capital, and productivity has barely moved over the past decade” and that “The insurance industry is facing a serious structural challenge … the majority of carriers are not making their cost of capital.” Register today!

Insurance 40

Insurance Machine Learning Marketing Management 40

CIO Business Intelligence

APRIL 23, 2024

The global market for managed services will rise in 2024 due to organizations’ IT spending surge and larger investments in managed services deals involving AI and cloud computing, according to market intelligence firm IDC. The global managed services market size was estimated at USD 299.01 billion, IDC said.

Management 123

Management IT Enterprise Uncertainty 123

CIO Business Intelligence

NOVEMBER 22, 2023

As a connected car data company focusing on the motor insurance sector, UK-based ThingCo is dedicated to developing next gen telematics built with the latest technology. On effective partnerships: It’s not fair for someone to be threatened to have their insurance canceled for something that wasn’t their fault, that the data was invalid.

Insurance 105

Insurance B2B Modeling Technology 105

Smarten

MAY 17, 2019

To make the most out of online marketing, every organization must target the customers with the most promising profile. Predictive analytics can help the business to understand online buying behavior, and when, where and how to serve ads, market products and offer discounts or other incentives. Marketing Optimization.

Predictive Analytics 51

Predictive Analytics Marketing Analytics Predictive Modeling 51

CIO Business Intelligence

NOVEMBER 8, 2023

The Fortune 500 company, born an insurer in Des Moines, Iowa, roughly a decade after the Civil War ended, is under pressure to provide customers with an integrated experience, particularly due to its expanded financial services portfolio, including the acquisition of Wells Fargo’s Institutional Retirement and Trust (IRT) business, Kay says.

IT 124

IT Insurance Machine Learning Cost-Benefit 124

CIO Business Intelligence

NOVEMBER 16, 2023

Deepa Soni: We strongly believe that enterprise agility and speed-to-market are key competitive advantages, and they’re a key tenant of our objectives. As an insurance company, we are quite data rich, so how do we take that rich data and convert it into valuable insights at scale, at speed, at the fingertips of our decision-makers?

Insurance 128

Insurance Enterprise Risk Digital Transformation 128

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. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

Digital Transformation 128

Digital Transformation Insurance Interactive Sales 128

Cloudera

FEBRUARY 4, 2021

I am pleased to announce that Cloudera was just named the Risk Data Repository and Data Management Product of the Year in the Risk Markets Technology Awards 2021. . With CDP, financial services firms can easily ingest any type of data from multiple sources, combining and correlating real-time market data streams with transaction and GL data.

Risk 86

Risk Marketing Technology Management 86

Occam's Razor

MARCH 30, 2017

It’s implications are far and wide, even in the narrow scope that I live in (marketing, analytics, influence). Machine Learning | Marketing. Machine Learning | Marketing. You are seeing many applications of Machine Learning being applied to Marketing. Consider the implications of ML on your email marketing program.

Marketing Analytics 166

Marketing Analytics Marketing Analytics Deep Learning 166

CIO Business Intelligence

JANUARY 29, 2024

Gray Nestor, EVP and CIO, Brown & Brown Insurance Brown & Brown Insurance “You have to be willing to give people feedback and examples on a regular basis to drive a different result,” Nestor says.

IT 128

IT Insurance Digital Transformation Technology 128

Smart Data Collective

NOVEMBER 8, 2021

The financial analytics market is projected to be worth $114 billion within the next two years. Having an emergency fund and the right insurance in place will be massively important when it comes to making sure such changes don’t cripple your business. Get the Right Insurance in Place.

Data Analytics 123

Data Analytics Insurance Analytics Cost-Benefit 123

CIO Business Intelligence

APRIL 25, 2024

The data becomes part of Salesforce’s metadata framework and can thus be used in multiple ways, including generating BI or AI insights, marketing segmentation or activation, or creating unified customer experiences. With zero-copy support, the insurance company wouldn’t have to load that weather data into their platform.

Data Integration 113

Data Integration Data Lake Metadata Data Warehouse 113

CIO Business Intelligence

DECEMBER 7, 2023

In fact, our team has been working with generative and conversational AI in complex professional services applications like insurance, banking, and healthcare for the better part of a decade, and we’ve learned some important lessons along the way. Where will the biggest transformation occur first?

Insurance 89

Insurance Experimentation Finance Data Governance 89

Information Builders

MAY 12, 2015

Information Builders, a leader in business intelligence ( BI ) and analytics, information integrity, and integration solutions, announced during the Analytics for Insurance Conference and Expo in Toronto this week that its insurance solutions help facilitate claims, actuarial, financial, risk, marketing processes, and more for insurance providers across (..)

Insurance 53

Insurance Interactive Analytics Business Intelligence 53