Smart Data Collective

JUNE 26, 2019

The insurance industry is based on the idea of managing risk. To determine this risk, the industry must consult data and see what trends are evident to draft their risk profiles. Advanced Analytical Processes in Insurance. Insuring for the Twenty-First Century. Seeing Into the Future.

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

AWS Big Data

FEBRUARY 1, 2024

Additionally, they need streaming architectures to handle growing trade volumes, market volatility, and regulatory demands. We also used FactSet’s market data solutions for historical and streaming market quotes and trades.

Data Warehouse 124

Data Warehouse Dashboards Risk Management Risk 124

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 74

Risk Management Risk Enterprise Business Services 74

IBM Big Data Hub

MAY 28, 2024

Government regulations, such as the General Data Protection Regulation (GDPR), and industry regulations, such as the Health Insurance Portability and Accounting Act (HIPAA), oblige companies to protect their customers’ personal data. Data risk management To protect their data, organizations first need to know their risks.

Strategy 83

Strategy Measurement Risk Cost-Benefit 83

IBM Big Data Hub

JANUARY 16, 2024

While high interest rates and inflation concerns are carrying over into the new year, financial services trends signal to prepare for major changes in real-time by staying up-to-date on all financial services-related matters, including in banking and capital markets sectors. One example of this is in insurance.

Risk Management 49

Risk Management Insurance Cost-Benefit Risk 49

CIO Business Intelligence

DECEMBER 27, 2023

Those same characteristics, however, reveal the risks AI pose to this sector. It’s really good at summarising, filling in blanks, and connecting dots, so generative AI is fit for purpose,” says Brian Baral, global head of risk at Genpact. So business technology leaders in financial services are carefully navigating a path toward AI.

Insurance 140

Insurance Cost-Benefit Risk Technology 140

CIO Business Intelligence

OCTOBER 17, 2022

It’s designed to strengthen the security of EU financial firms, such as banks, insurance companies, investment firms and more, by imposing resilience requirements and regulating the supply chain. In fact, under DORA, the complexity of the supply chain or the lack of EU presence are both considered risk factors. Meeting the Challenges.

Risk Management 100

Risk Management Risk Enterprise Testing 100

IBM Big Data Hub

FEBRUARY 13, 2024

Streamline workflows with personalized content creation, tailored product descriptions and market-ready copy. Many marketing and sales leaders acted rapidly and are already infusing generative AI into their workflows. Generative AI allows project managers to search through and create instant summaries of essential business documents.

Enterprise 118

Enterprise Modeling Testing Data-driven 118

CIO Business Intelligence

MAY 11, 2022

Chief Risk Officer (CRO) – Complying with regulatory guidelines may be challenging during times of disruption, especially in heavily regulated industries. Commercial insurance is another critical risk-mitigation tool used to reduce operational risks. Managing Director, Technology Strategy. Dugan Krwawicz.

Management 91

Management Testing Insurance Finance 91

CIO Business Intelligence

APRIL 28, 2022

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. In another case, The North Carolina Department of Insurance overhauled its outdated records management system and leveraged SAS Cloud solutions to deploy and scale analytics seamlessly, recovering US$6.9

Analytics 89

Analytics Insurance Big Data Uncertainty 89

CIO Business Intelligence

JUNE 22, 2022

AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, and employee benefits. The company, which has more than 8,500 employees, plans to continue growing by acquisition, and consolidating the global insurance market. Our goal is to consolidate the global market.

IT 100

IT Insurance Cost-Benefit Risk Management 100

Anmut

MARCH 2, 2020

For many businesses, data has become the lubricant that allows markets to operate more seamlessly – allowing firms to better match supply and demand. And it is not just in ‘born digital’ businesses that data is creating a stir by enabling markets to operate more seamlessly. Move away from time and effort – think about focus.

Insurance 52

Insurance Risk Management Risk Cost-Benefit 52

DataRobot

NOVEMBER 12, 2021

However, these benefits can come with a risk which must be addressed. DataRobot was founded in 2012 and today is one of the most widely deployed and proven AI platforms in the market, delivering over a trillion predictions for leading companies around the world. The benefits of AI are immense. Next, we assess and educate.

Insurance 69

Insurance Risk Risk Management Manufacturing 69

CIO Business Intelligence

MARCH 13, 2024

So it’s no surprise creative professionals use these tools to create marketing and sales materials to supplement internal communications and for other purposes. They’re used by developers, marketers, and many other job functions. In customer, industry, and market research productivity, increases were between 40 and 50%, he says.

IT 126

IT Consulting Testing Cost-Benefit 126

Cloudera

SEPTEMBER 7, 2023

With AI, financial institutions and insurance companies now have the ability to automate or augment complex decision-making processes, deliver highly personalized client experiences, create individualized customer education materials, and match the appropriate financial and investment products to each customer’s needs.

Insurance 85

Insurance Risk Data-driven Finance 85

bridgei2i

MAY 20, 2020

Tourism and Hospitality are also largely affected, but in FS, insurance, and CPG, the impact is moderate. To give a brief introduction, he has over two decades of experience in Analytics, Big data and AI delivery across banking and financial services, commercial finance, insurance, e-commerce, retail, and supply chain.

Enterprise 98

Enterprise B2B Digital Transformation Insurance 98

CIO Business Intelligence

MARCH 22, 2022

Roopesh Pujari has been promoted to CTO at marketing and advertising firm Publicis Groupe India. At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . Publicis Groupe India names Roopesh Pujari as CTO. Roopesh Pujari Roopesh Pujari.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

Smart Data Collective

FEBRUARY 2, 2021

In 2020, the size of the global Big Data market reached 56 billion, and it’s on track to exceed 103 billion by 2027. FinTech, as a whole, relies mostly on Big Data , helping the industry overcome regulatory obstacles and create innovative solutions such as virtual banking assistants and risk management tools for trading.

Big Data 84

Big Data Recreation/Entertainment Cost-Benefit Finance 84

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk.

Insurance 90

Insurance Data Architecture Risk Management Risk 90

Smart Data Collective

SEPTEMBER 25, 2019

million penalty for violating the Health Insurance Portability and Accountability Act, more commonly known as HIPAA. However, according to a 2018 North American report published by Shred-It, the majority of business leaders believe data breach risks are higher when people work remotely.

Technology 84

Technology Statistics Strategy Insurance 84

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. I am head of Products here, which comprises of R&D, Product Management and Global Customer support.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

IBM Big Data Hub

FEBRUARY 8, 2024

The AI Act aims to “strengthen Europe’s position as a global hub of excellence in AI from the lab to the market, ensure that AI in Europe respects set values and rules, and harnesses the potential of AI for industrial use.”

Risk Management 73

Risk Management Risk Metrics Machine Learning 73

Cloudera

JUNE 23, 2021

Climate change is a challenge for insurers in some obvious ways, such as stronger and more frequent natural disasters. Yet there are also more subtle risks to monitor, including changes to insured assets, risks, and exposures. These kinds of nuanced risk assessments require comprehensive solutions.

Insurance 52

Insurance Risk Modeling Risk Management 52

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. All features are designed to increase the efficiency and accuracy of insurance loss cost modeling. Loss cost modeling-related features.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

CIO Business Intelligence

DECEMBER 7, 2022

Analyst firm IDC expects more of a moving target on tech budgets due to market volatility, the strength of the US dollar, inflation rates, and continued slow global growth due to economic drag by China and other key countries. Megan Duty, VP of technology and project delivery, Puritan Life Insurance Company of America.

IT 131

IT Insurance Cost-Benefit Risk Management 131

DataRobot Blog

JULY 21, 2022

Document assumptions and risks to develop a risk management strategy. For a credit risk model, the target could be defined as “fully repays loan” or “payments in first 2 years are current” or or “collateral is repossessed.”. Inquire whether there is sufficient data to support machine learning. Define project scope.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

Cloudera

MARCH 18, 2021

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. In order to help make banks more resilient to drastic market changes, it will impose capital requirements that are more closely aligned with the market’s actual risk factors.

Risk 56

Risk Machine Learning Risk Management Measurement 56

CIO Business Intelligence

MARCH 25, 2022

Policy makers around the world have been recognizing this heightened risk, which has been further amplified by the recent geopolitical tensions. The European Union (EU) has pulled together a proposal for a unified framework to regulate risk management for financial institutions. DORA’s Impact.

Finance 86

Finance KPI Risk IoT 86

bridgei2i

APRIL 9, 2019

For a more detailed outlook on fraud prevention, read our blog on How Analytics Can Protect Insurers from Fraud. The banking and finance sector is always dependent on computers and data scientists to determine the future patterns of the market. Financial Advisory Services. Robo advisors are reinventing the financial sector.

Unstructured Data 69

Unstructured Data Sales Data-driven Finance 69

bridgei2i

MAY 21, 2019

For a more detailed outlook on fraud prevention, read our blog on How Analytics Can Protect Insurers from Fraud. The banking and finance sector is always dependent on computers and data scientists to determine the future patterns of the market. Financial Advisory Services. Robo advisors are reinventing the financial sector.

Unstructured Data 40

Unstructured Data Sales Data-driven Finance 40

Domino Data Lab

FEBRUARY 4, 2019

Eric’s article describes an approach to process for data science teams in a stark contrast to the risk management practices of Agile process, such as timeboxing. The ability to measure results (risk-reducing evidence). Legal concerns, risk, compliance. So there are three unusual books suggested for your reading list.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

AWS Big Data

AUGUST 14, 2023

At the same time, unstructured approaches to data mesh management that don’t have a vision for what types of products should exist and how to ensure they are developed are at high risk of creating the same effect through simple neglect. How do we define “risk” and “value” in the context of data products, and how can we measure this?

Management 80

Management Risk Measurement Optimization 80

CIO Business Intelligence

APRIL 12, 2022

Even though Nvidia’s $40 billion bid to shake up enterprise computing by acquiring chip designer ARM has fallen apart, the merger and acquisition (M&A) boom of 2021 looks set to continue in 2022, perhaps matching the peaks of 2015, according to a report from risk management advisor Willis Towers Watson. trillion in 2020 to $5.16

Technology 143

Technology Enterprise Consulting Software 143

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. Some data is more a risk than valuable. How does CDO overlap with Market Research functions? I suspect some of our analysts who cover market research would have insight here.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

DECEMBER 22, 2020

In an unpredictable industry such as insurance , finance and accounting teams simply cannot ignore the importance of careful financial management. Smart accounting protects an insurer from changes in the competitive landscape, regulatory issues, internal shake-ups, and even history-making events like the COVID-19 pandemic.

Insurance 69

Insurance Recreation/Entertainment Metrics Finance 69

Jet Global

APRIL 5, 2021

Risk management. That means the FP&As are the people creating the budget and performing financial forecasting to help the CFO and other members of senior management understand the company’s financial situation. This is achieved through thorough risk management strategies that are continually reviewed.

Modeling 98

Modeling Forecasting Metrics Finance 98