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 97

Insurance ROI Marketing Machine Learning 97

Smart Data Collective

JUNE 3, 2021

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.

Insurance 97

Insurance Machine Learning Cost-Benefit Risk 97

Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105

Insurance Digital Transformation Risk Data-driven 105

Cloudera

OCTOBER 28, 2021

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Another historic example is crop and livestock insurance in Germany in the 1700s.

Insurance 95

Insurance Risk Unstructured Data Data-driven 95

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

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 92

Insurance Data Analytics Analytics IoT 92

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

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. In Conclusion.

Insurance 98

Insurance Data Governance Data-driven Metrics 98

bridgei2i

JANUARY 18, 2021

Case study: Subrogation Prediction Using Machine Learning for Property Insurance. The client, a leading P&C insurer, wanted to identify property damage claims that have the potential for subrogation & recovery. They also wanted to generate automated referral reports on a weekly basis for further investigation.

Insurance 52

Insurance Machine Learning Enterprise Strategy 52

CIO Business Intelligence

APRIL 12, 2022

When the COVID-19 pandemic hit, it shook every industry to the core, but especially and dramatically affected health insurers. Deluged with calls and questions about rapidly changing health guidelines and coverage, insurers had to quickly revamp their systems to provide updated information.

Insurance 52

Insurance Technology Management Cost-Benefit 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 80

Insurance Big Data Cost-Benefit Consulting 80

Jet Global

APRIL 14, 2021

This post will explain why you should be using healthcare KPIs, the top 25 healthcare KPIs and metrics to use in your 2021 reporting, how each KPI is calculated, and how you can use a healthcare dashboard to streamline your reporting process. As such, it is strongly recommended to include these in your healthcare reporting solution.

Metrics 98

Metrics Reporting KPI Insurance 98

bridgei2i

APRIL 16, 2020

Insurance firm Swiss Re faced a $250m (approximately £215m) loss if the event was canceled instead of being delayed. This is just a tip of the iceberg of the massive losses the Insurance sector is staring at due to COVID-19’s onset. The insurance industry —which, in the US alone, accounts for $1.2

Insurance 71

Insurance Sales Digital Transformation Machine Learning 71

BA Learnings

JUNE 17, 2023

Health Insurance You don’t want to be without health insurance. Without insurance, you could get sick or injured and end up with a stack of medical bills you can’t afford to pay down. The majority of Americans get their health insurance through employment. How can you get health insurance as a freelancer?

Insurance 130

Insurance Manufacturing Reporting IT 130

CIO Business Intelligence

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. based insurer has rebuilt its core application for claims processing, sales, and support, and plans to overhaul its entire portfolio of business processes, all with the aim to enhance and accelerate the customer experience.

Digital Transformation 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

Jet Global

MARCH 2, 2020

Do you struggle with your financial reporting on Yardi, and find yourself spending hours downloading data and customizing reports? Are you frustrated with relying on IT or consultants to create your reports, and encountering delays and missed deadlines? Taming Your Reporting Requirements.

Reporting 83

Reporting Recreation/Entertainment Insurance Consulting 83

Occam's Razor

JANUARY 4, 2021

Like you, I consume a whole lot of reports every day – company data, public data. Just yesterday I was quietly seething because none of visuals included in the report contained any context to understand if the performance I was looking at was good or bad. Even if the report has hidden gold. Sometimes repeatedly.

Reporting 113

Reporting Analytics Metrics Visualization 113

Octopai

SEPTEMBER 22, 2019

Perhaps nowhere is this truer than in the insurance industry, though. Consider: – In life insurance, actuaries rely on data from many sources to discover and define ever more granular health and lifestyle attributes to determine the overall risk level of each applicant. Insurance Metadata Management.

Metadata 41

Metadata Insurance Management Data Governance 41

Jet Global

JANUARY 8, 2021

Whitepaper: How to Compare Reporting & BI Solutions. How an Operations Dashboard Can Streamline Your Reporting. As such, insightsoftware has created a specialized reporting software that is compatible with almost any ERP and uses the data to create custom KPI dashboards. Download Now. Staffing Operational Metrics.

Metrics 131

Metrics Manufacturing Reporting KPI 131

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.”

Insurance 40

Insurance Machine Learning Marketing Management 40

Smart Data Collective

OCTOBER 3, 2023

In reports, these codes are used to streamline processes like billing and processing health insurance claims. When doctors and other healthcare professionals provide care and treatment to patients, they write reports to indicate the type of services they provide. RN coders can be very helpful in this regard.

Data Strategy 112

Data Strategy Strategy Insurance Data-driven 112

Jet Global

MARCH 11, 2020

Yet there is a stumbling block that hinders finance managers: reporting. Financial users are under constant pressure to create a myriad of reports, from the typical period finance reports such as income statements, balance sheets, P&L, etc., 5 Things Not to do When Choosing a Reporting Tool. View Guide Now.

Reporting 72

Reporting Management Finance Insurance 72

CIO Business Intelligence

FEBRUARY 20, 2024

Sensitive personal and medical information can be used in multiple ways, from identity theft and insurance fraud to ransomware attacks. Patient data represents a treasure trove for hackers. It’s little wonder that data theft is increasingly common in the healthcare sector.

Risk 122

Risk Insurance Measurement Strategy 122

CIO Business Intelligence

APRIL 23, 2024

Although the total number of deals declined in 2023 compared to the previous year, the average deal size remained constant, the report said. Many of the large deals were signed in the Nordics, including the Danske Bank and Infosys contract and the LahiTapiola Mutual Insurance and CG deal, which further fueled the growth in the region.”

Management 80

Management IT Enterprise Uncertainty 80

Smart Data Collective

DECEMBER 19, 2022

As soon as the billers receive the necessary information, they prepare a claim for the insurance company. Fortunately, cloud technology has helped make it more efficient, as a recent report by McKinsey indicated. Code patient reports correctly. What Are the Benefits of Cloud-Based Medical Billing Technology? Superbill Creation.

Software 112

Software Technology Insurance Cost-Benefit 112

CIO Business Intelligence

MARCH 18, 2024

Reporting of major ICT-related incidents : Regulation defines how organizations will need to classify and report ICT-related security incidents moving forward. DORA puts a heavy focus on financial organizations in the EU – from banks to insurance companies – but those are not the only businesses that will need to adhere to the policy.

Risk Management 120

Risk Management Insurance Risk Testing 120

Jet Global

MARCH 16, 2020

If you are a finance manager in real estate and property management, you likely face more than just reporting challenges. In addition to the typical period finance reports such as income statements, balance sheets, P&L, etc., How can you keep track of all of this while continuing to maintain timely period financial reporting?

Reporting 84

Reporting Finance Consulting Insurance 84

CIO Business Intelligence

AUGUST 10, 2023

Lack of liability insurance can leave you exposed You might be thinking that your company will defend you for liability, and you might be right if your company has liability coverage for its officers, and you are an officer. But does your company have liability insurance for its executives? No, it does not. “D&O

Insurance 97

Insurance Risk Management Reporting 97

Rocket-Powered Data Science

OCTOBER 16, 2020

senior executives across eight industries: agriculture, banking, exhibitions, government, healthcare, insurance, legal, and science/medical. The sectors with the greatest increases in investment were insurance, banking, and agriculture, followed closely by healthcare and science/medical. anticipate cutting jobs.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

Jet Global

FEBRUARY 27, 2020

Financial reporting in the construction industry commonly focuses on the need for historical project information for informed decision-making on costs and the need for analytic and reporting tools to capture critical, real-time data from ERP systems such as Viewpoint , Sage , and COINs to address timely cash flow issues.

Reporting 64

Reporting Finance Insurance Consulting 64

Jet Global

DECEMBER 9, 2020

Insurance and excise taxes may reduce as inventory levels decline. ERP systems do a very good job of providing the necessary levers and switches required to classify and manage inventory, but standard ERP reports that accompany those modules leave quite a lot to be desired. Inventory reduction has other benefits as well.

Reporting 81

Reporting Finance Sales Measurement 81

Cloudera

SEPTEMBER 22, 2022

Insurance carriers are always looking to improve operational efficiency. According to a recent McKinsey report , digitized underwriting can improve loss ratios three to five points. IoT examples such as telematics-based travel or car insurance enable a very personalized insurance policy (more on this in a prior post ).

Analytics 97

Analytics Insurance IoT Risk 97

CIO Business Intelligence

JUNE 22, 2023

Here are the 10 industries with the highest tech salaries, and how much they’ve increased in value since 2021, according to the 2023 Dice Tech Salary Report. Consulting firms are increasingly turning to tech talent to help build in-house platforms, according to the report from Dice. Average salary: US$131,995 Increase since 2021: 0% 2.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

Data Virtualization

MARCH 18, 2024

Facing a range of regulations covering privacy, such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA), to financial regulations such as Dodd-Frank and Basel II, to. Reading Time: 3 minutes Regulatory compliance keeps getting more complex.

Insurance 52

Insurance Data Integration Management Data Lake 52

Jet Global

SEPTEMBER 29, 2020

Top 10 Best Practices for Retail Reporting in Excel. Streamline Your Reporting with Retail Reporting Software. We offer user-friendly reporting software that can manage all your KPIs. We offer user-friendly reporting software that can manage all your KPIs. Instantly Create Reports. View Guide Now.

Metrics 64

Metrics Reporting KPI Sales 64

Smarten

FEBRUARY 15, 2024

with 550 employees, Reliance Nippon Life Insurance with more than 11,500 employees, and many other businesses. Mobile access via a cloud server allows the user to fetch and display the required data in graph and report form and all interactions and transactions are secure.

Finance 52

Finance Sales Insurance Reporting 52

Jet Global

OCTOBER 5, 2021

5 Things Not to do When Choosing a Financial Reporting Tool. OPEX include the cost for equipment, inventory, payroll, insurance, lease, and any other costs associated with running a pharmacy. And if you outsource your reporting to bypass this problem, it could be costly. How to Compare Reporting & BI Solutions.

Metrics 52

Metrics Reporting KPI Measurement 52