Remove Insurance Remove Measurement Remove Reporting Remove Strategy
article thumbnail

Combating Fraud in Insurance with Data

Cloudera

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.

article thumbnail

Machine Learning Transforms Life Insurance Beyond the Actuarial Process

Smart Data Collective

The insurance industry is among those that has found new opportunities to take advantage of machine learning technology. Life insurance companies in particular are discovering the wondrous opportunities that AI provides, since this sector faces some unique challenges relative to other insurance offerings.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to build a successful risk mitigation strategy

IBM Big Data Hub

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 74
article thumbnail

Allstate’s cloud-first approach to digital transformation pays off

CIO Business Intelligence

But home and automobile insurance company Allstate is taking a different approach. The result, Jeevanjee says, is a technology-driven business strategy “that’s a very empowering thing.” Allstate expects to be up and running in 10 states this year for automobile policies and 19 states for rental insurance. “We

article thumbnail

Patient data is at greater risk than ever. AI can help

CIO Business Intelligence

Sensitive personal and medical information can be used in multiple ways, from identity theft and insurance fraud to ransomware attacks. These measures mandate that healthcare organisations adequately protect patient data, and that notification must be given in the event of a data breach. Generative AI

Risk 99
article thumbnail

10+ Government KPIs for 2021 Reporting

Jet Global

A government key performance indicator (KPI) is a quantifiable measure that the public sector uses to evaluate its performance. In more layman terms, public sector KPIs serve two important purposes: They report important information to citizens. How to Compare Reporting & BI Solutions. Learn More.

Reporting 104
article thumbnail

30 Best Manufacturing KPIs and Metric Examples for 2021 Reporting

Jet Global

An Operations Key Performance Indicator (KPI) or metric is a discrete measurement that a company uses to monitor and evaluate the efficiency of its day-to-day operations. These operations KPIs help management identify which operational strategies are effective, and those that inhibit the company. What is an Operations KPI?

Metrics 131