bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. Management. The Impact of COVID-19 on Financial Services & Risk Management. As past data isn’t relevant anymore, current models aren’t going to work. PODCAST: COVID 19 | Redefining Digital Enterprises. Listening time: 12 minutes.

Risk Management 128

Risk Management Risk Enterprise Management 128

Cloudera

JULY 15, 2021

For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. . Observe what the model has to offer even if not the intended output. Pandemic “Pressure” Testing.

Risk 102

Risk Optimization Management Insurance 102

CIO Business Intelligence

DECEMBER 27, 2023

Generative AI is starting off a new age of exploration in IT,” says Frank Schmidt, CTO at insurance firm Gen Re. So over the last several months, we’ve been taking a disciplined and educated understanding of large language models and generative AI.

Insurance 141

Insurance Cost-Benefit Risk Technology 141

CIO Business Intelligence

APRIL 5, 2024

Senate Bill 1047 , introduced in the California State Legislature in February, would require safety testing of AI products before they’re released, and would require AI developers to prevent others from creating derivative models of their products that are used to cause critical harms.

Risk 131

Risk Interactive Insurance Strategy 131

IBM Big Data Hub

JANUARY 16, 2024

What generative AI has done is open a new world of innovations that can help personalize financial planning and investment management. One example of this is in insurance. More organizations will likely be transitioning to hybrid cloud models for their workloads and to further manage and conduct compliance tasks.

Risk Management 49

Risk Management Insurance Cost-Benefit Risk 49

Cloudera

AUGUST 12, 2021

Exploring new possibilities to develop intelligent connected devices and services is made easier by creating digital twins,accurate models to predict behaviour. These models are then used for anomaly detection or inferences about what will happen. . Risk Management. Conclusion.

Data-driven 111

Data-driven Manufacturing Insurance Risk Management 111

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform.

Risk 90

Risk Marketing Technology Management 90

IBM Big Data Hub

FEBRUARY 13, 2024

This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Generative adversarial networks (GANs) or variational autoencoders (VAEs) are used for images, videos, 3D models and music. Autoregressive models or large language models (LLMs) are used for text and language.

Enterprise 118

Enterprise Modeling Testing Data-driven 118

IBM Big Data Hub

MAY 28, 2024

Companies continue to create more attack surfaces with hybrid models, scattering critical data across cloud, third-party and on-premises locations, while threat actors constantly devise new and creative ways to exploit vulnerabilities. Data risk management To protect their data, organizations first need to know their risks.

Strategy 83

Strategy Measurement Risk Cost-Benefit 83

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. Analytics models enabled real-time decision making and automation to help the bank stay focused on costumers. million in insurance fraud in just 7 months. .

Analytics 98

Analytics Insurance Big Data Uncertainty 98

O'Reilly on Data

MAY 18, 2020

This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk. All predictive models are wrong at times?—just

Risk 359

Risk Modeling Data Processing Software 359

John Wheeler

OCTOBER 20, 2020

We continue our “20 for 20” theme this year by highlighting the integrated risk management (IRM) critical capabilities and top 20 software functions / features. Beyond assessing risk from a qualitative perspective, companies in many industries (e.g.,

Risk Management 52

Risk Management Risk Predictive Modeling Insurance 52

Cloudera

MARCH 25, 2021

The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal and confidential information carries heightened sensitivity in the light of financial, health and insurance activities. Financial institutions and insurers understand the benefits of more data.

Data Strategy 67

Data Strategy Strategy Enterprise Insurance 67

John Wheeler

OCTOBER 21, 2019

A balanced view of digital risk through integrated risk management (IRM) is required to reach what Gartner calls the new “techquilibrium” You might ask, what is techquilibrium? Digital Risk Management – Gartner.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

bridgei2i

MAY 20, 2020

Tourism and Hospitality are also largely affected, but in FS, insurance, and CPG, the impact is moderate. But because of COVID-19, digital transformation is helping B2B models trying to replicate successful B2C models. So, there are areas which are moderately affected, you know, take financial services, insurance, and CPG.

Enterprise 98

Enterprise B2B Digital Transformation Insurance 98

DataRobot

NOVEMBER 12, 2021

Since our founding DataRobot has collaborated with insurance, banking, retail, manufacturing, transportation, government, and even professional sports organizations. We’ve learned over time, the processes, data fluency, ingenuity and risk tolerances vary greatly across and even within industries.

Insurance 69

Insurance Risk Risk Management Manufacturing 69

Anmut

MARCH 2, 2020

Take insurance – where risk premiums can be adjusted based on customer insights. Think about black boxes on cars – data on driver performance and behaviour is streamed back to the insurance provider who can modify premiums based on the insights derived. Data plays a fundamental role in enabling this business model.

Insurance 52

Insurance Risk Management Risk Cost-Benefit 52

CIO Business Intelligence

SEPTEMBER 29, 2022

New York-based insurance provider Travelers, with 30,000 employees and 2021 revenues of about $35 billion, is in the business of risk. Managing all of its facets, of course, requires many different approaches and tools to achieve beneficial outcomes, and Mano Mannoochahr, the companyâ??s

Machine Learning 134

Machine Learning Insurance Technology Software 134

Cloudera

SEPTEMBER 7, 2023

With the emergence of new creative AI algorithms like large language models (LLM) fromOpenAI’s ChatGPT, Google’s Bard, Meta’s LLaMa, and Bloomberg’s BloombergGPT—awareness, interest and adoption of AI use cases across industries is at an all time high. The reality of LLMs and other “narrow” AI technologies is that none of them is turn-key.

Insurance 85

Insurance Risk Data-driven Finance 85

DataRobot

AUGUST 9, 2021

However, many organizations don’t implement any feedback loop to monitor and control their models after they’re out in production. General Data Protection Regulation, California Consumer Privacy Act, SR 11-7 Guidance on Model Risk Management, etc).

Machine Learning 52

Machine Learning Risk Testing Insurance 52

DataRobot Blog

NOVEMBER 17, 2022

Just as you wouldn’t set off on a journey without checking the roads, knowing your route, and preparing for possible delays or mishaps, you need a model risk management plan in place for your machine learning projects. A well-designed model combined with proper AI governance can help minimize unintended outcomes like AI bias.

Risk Management 52

Risk Management Risk Modeling Management 52

BizAcuity

JULY 26, 2021

A hybrid cloud environment aids in workload mobility, integration, and management across multiple computing environments. The foundation of a hybrid cloud model is the blend of private and public cloud infrastructures to allow workloads to move between the two interconnected environments. Improved security and risk management.

IT 52

IT Cost-Benefit Data Processing Risk 52

CIO Business Intelligence

MARCH 22, 2022

At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . Prior to joining Fractal, Tiwari was senior vice-president and global CISO at Airtel, where he set up the managed security services initiative Airtel Secure for Business.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

Smart Data Collective

FEBRUARY 2, 2021

Even last year, Big Data had a major role in predicting the pandemic patterns and creating models to contain the spread of the coronavirus. By tracking patients’ health, drug interactions, and forecasting their needs, Big Data helps medical institutions deliver targeted solutions. Public services.

Big Data 84

Big Data Recreation/Entertainment Cost-Benefit Finance 84

CIO Business Intelligence

MARCH 13, 2024

AI models are able to present best practice code systems to help junior developers learn and hone their skills.” At Gallagher, a global insurance brokerage, risk management, and consulting services firm, executive search practice managing director Tom Wilson says his team uses gen AI for research and written communications.

IT 127

IT Consulting Testing Cost-Benefit 127

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

CDW Research Hub

FEBRUARY 14, 2020

As a prerequisite, your organization must already have governance and risk management teams, which will define the company policies and set compliance standards from which you can establish procedures. They will also define what is or isn’t acceptable with regard to risk, and what type of compliance your organization needs.

Risk 52

Risk Reporting Measurement Insurance 52

bridgei2i

JULY 28, 2020

The way an AI system will operate in terms of engaging our employment sector is first of all, we need people who can build the models, who would be the mathematicians, computer scientists, engineers. So, then we need systems, analysts, database administrators, people who can set in place, these types of backup systems for risk management.

Enterprise 98

Enterprise Digital Transformation Insurance B2B 98

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. The later introduction of Generalized Linear Models (GLM) significantly expanded the pricing actuary’s toolbox. Claim Count.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

IBM Big Data Hub

FEBRUARY 8, 2024

” European Parliament News The EU AI Act in brief The primary focus of the EU AI Act is to strengthen regulatory compliance in the areas of risk management, data protection, quality management systems, transparency, human oversight, accuracy, robustness and cyber security.

Risk Management 73

Risk Management Risk Metrics Machine Learning 73

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

DataRobot Blog

JULY 21, 2022

Document assumptions and risks to develop a risk management strategy. Machine learning models created in silos are rarely implemented. Models could also be deployed into multiple environments at once. Discuss how the stakeholders want to interact with the machine learning model after it is built.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

CIO Business Intelligence

MAY 9, 2022

Risk management practices such as in-person meetings for underwriting, determining creditworthiness, and signing loan documents shifted to online channels. Business leaders must be aware of this disruption and how it might impact business models and customers. The same with applying for insurance and mortgage.

Digital Transformation 98

Digital Transformation Insurance Interactive Risk Management 98

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

Cloudera

MARCH 18, 2021

A revised internal models approach (IMA) combined with an overhaul of the standardized approach (SA). From a data management point of view, FRTB’s requirements will require greatly increased quantities of historical data, along with an increased need for analysis and intensive computation against this data. .

Risk 56

Risk Machine Learning Risk Management Measurement 56

CIO Business Intelligence

FEBRUARY 3, 2023

More recently, The Royal Mint has evolved its business model in the face of declining cash usage, from its core business of coins and metal manufacturing through to bullion trading, a new consumer business and jewellery line, as well as tentative steps into digital gold and recycling e-waste.

IT 52

IT Experimentation Scorecard Digital Transformation 52

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. Cybersecurity threats are real.

Finance 98

Finance KPI Risk IoT 98