CIO Business Intelligence

JUNE 19, 2023

million people, with more than 400 sites of care, including six hospitals, and as the organization struggled with these issues, it quickly became apparent that insurance authorization for imaging and radiology services — a foundational diagnostic step before almost any care can begin — was a bottleneck.

Insurance 102

Insurance Technology Interactive Enterprise 102

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

Analytics Vidhya

JUNE 20, 2023

Industries spanning telecommunications, insurance, banking, utilities, and government agencies are poised to embrace AI-powered solutions in the coming years.

Software 302

Software Insurance Technology Analytics 302

CIO Business Intelligence

MARCH 16, 2022

Insurance companies are no longer only there for their customers in times of disaster. Modern approaches to insurance and changes in customer expectations mean that the insurance business model looks very different than it used to. For many insurers, this means investing in cloud. We didn’t.

Insurance 95

Insurance Cost-Benefit Data Processing Strategy 95

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. The NBO/NBA solution can be integrated across all touchpoints in the customer journey.

Insurance 75

Insurance Consulting Predictive Analytics Interactive 75

CIO Business Intelligence

SEPTEMBER 13, 2022

The Infinidat solution also enabled the company to substantially lower their CAPEX and OPEX. Likewise, another company that values the competitive edge that Infinidat’s storage solutions delivers is Salem Five Bank, a full-service financial services corporation. Insurance companies also see Infinidat as a storage vendor of choice.

Enterprise 86

Enterprise Insurance Cost-Benefit ROI 86

Alation

APRIL 13, 2021

He works with Snowflake partners to craft joint solutions. He shows how Texas Mutual Insurance Company has embraced data governance to build trust in data. While one might be quick to point out that a data modernization project could help users trust the data, that is only part of the solution. Subscribe to Alation's Blog.

Insurance 98

Insurance Data Governance Data-driven Metrics 98

bridgei2i

JANUARY 18, 2021

Case study: Underwriting Process Automation for M&A Insurance. The client, a leading commercial insurer in North America, was looking to reduce the deal processing time of policies by automating the retrieval of specific information from various documents and boost conversions. Business Context. How BRIDGEi2i Delivered Value?

Insurance 52

Insurance Interactive Enterprise Strategy 52

CIO Business Intelligence

OCTOBER 13, 2022

Any vertical modernization approach should balance in-depth, vertical sector expertise with a solutions-based methodology that caters to specific business needs. With the right industry solution and implementation partner in place, organizations can steer towards effective modernization.

Insurance 101

Insurance Data Warehouse Manufacturing Forecasting 101

bridgei2i

JANUARY 17, 2021

Case study: Emerging Risk Identification for Personal Lines Insurance. The client, a global insurance leader, wanted to identify emerging risks, associated drivers & trends by analyzing various external data sources including medical journals, legal opinion blogs, newsfeed & social media. Business Context.

Insurance 52

Insurance Risk Interactive Enterprise 52

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. BRIDGEi2i’s solution helped significantly improve the capture of recovery claims. Business Context.

Insurance 52

Insurance Machine Learning Enterprise Strategy 52

bridgei2i

MARCH 18, 2021

Ways Artificial Intelligence Is Transforming Insurance Sector. Artificial intelligence is affecting the entire landscape of the insurance sector. trillion if AI tech is fully applied to the insurance sector. Change is here, and more is on the way. McKinsey reports estimates a potential annual value of up to $1.1

Insurance 52

Insurance Machine Learning Enterprise Reporting 52

Jet Global

DECEMBER 6, 2019

when it comes to the banking and insurance industry, things get a little different. On the insurance side, new regulatory reporting requirements are increasing the number and frequency of required calculations, revisions to financial statement presentation, and increases in financial statement disclosures. Watch the webinar now.

Insurance 86

Insurance Reporting Predictive Analytics Forecasting 86

Smarten

DECEMBER 24, 2019

This Client is one of the fastest growing life insurance companies in India and offers a diverse range of wealth management, protection and retirement solutions.

Insurance 52

Insurance Analytics Data Warehouse Management 52

bridgei2i

DECEMBER 16, 2021

Case study: Reimagining Catastrophe Underwriting with AI for a Fortune 500 Commercial Insurance leader. The client is a Fortune 500 commercial insurer dealing in traditional and specialty insurance products, industry-leading claims, and risk engineering services. Business Context. Listen to our podcast AI to Impact!

Insurance 52

Insurance Deep Learning Risk Enterprise 52

Smart Data Collective

OCTOBER 31, 2022

HIPAA – The Health Insurance Portability and Accountability Act (enacted in 1996) is a series of regulations for the healthcare industry to ensure that patient data remains private and secure. The post Top Solutions for Cybersecurity Regulatory Compliance appeared first on SmartData Collective.

Internet of Things 115

Internet of Things IoT Risk Measurement 115

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

Decision Management Solutions

MARCH 25, 2019

Nancy Casbarro and Deb Zawisa of Novarico recently published a new paper on Data Science in Insurance: Expansion and Key Issues subscription required) that was summarized in this nice little article on Dig-in 3 challenges facing insurers in data science implementation. 1 – Getting business buy-in.

Insurance 75

Insurance Data Science Testing Modeling 75

bridgei2i

JUNE 23, 2021

6 Ways AI Is Taking The Insurance Industry Into The Future. For example, the insurance industry is witnessing a strong acceleration in the adoption and growth of AI for task automation, improvement of service quality, and data-driven decision making. Insurance is a resource-intensive field. Claim Handling. Fraud Detection.

Insurance 52

Insurance Risk Deep Learning Data-driven 52

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

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

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

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

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

Smart Data Collective

SEPTEMBER 28, 2022

Data management is a growing field, and it’s essential for any business to have a data management solution in place. A data management solution helps your business run more efficiently by making sure that your data is reliable and secure. Big data management solutions can also help you to ensure that your data is secure.

Big Data 105

Big Data Management Data Quality Cost-Benefit 105

bridgei2i

JANUARY 18, 2021

Case study: Sales Growth with Ai-Driven Product Recommendation Framework for a P&C Insurer. The client, a leading North American P&C commercial insurer, wanted to develop and implement an AI-driven product recommendation solution for cross-selling to existing customers. Business Context. How BRIDGEi2i Delivered Value?

Insurance 52

Insurance Sales Machine Learning Strategy 52

bridgei2i

OCTOBER 12, 2020

Case study: Demand Elasticity Estimation and Price Optimization for an Insurance Major. The client is a P&C insurance leader in Asia wanted to optimize their price & demand elasticity estimation. Business Context. How BRIDGEi2i Delivered Value? Learn how the right AI strategy can take your business to its pinnacle.

Insurance 52

Insurance Optimization Enterprise Strategy 52

Cloudera

OCTOBER 21, 2020

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

Insurance 72

Insurance Digital Transformation Unstructured Data Cost-Benefit 72

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

Jet Global

JUNE 5, 2020

What Is an Insurance KPI? An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful. View Guide Now.

Insurance 59

Insurance Metrics Reporting KPI 59

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

Decision Management Solutions

MARCH 17, 2022

We recently posted a poll on where insurers see digital transformation making the biggest impact on their business. Decision Management Solutions has helped many leading insurance businesses modernize over the years – so we have lots of experience in this area – but we were curious where others were focused.

Digital Transformation 52

Digital Transformation Insurance ROI Machine Learning 52

bridgei2i

OCTOBER 12, 2020

Case study: Automatic Detection of Trend Variations in Loss Ratio for a Global Insurance Major. The client is leading global insurer wanted to Automatic detection of trend variations in loss ratio. Business Context. How BRIDGEi2i Delivered Value? Learn how the right AI strategy can take your business to its pinnacle.

Insurance 52

Insurance Risk Enterprise Strategy 52

bridgei2i

SEPTEMBER 4, 2020

AI as a wonder solution has been talked about for a long time. While the concentration has been on manufacturing, marketing, customer service, and logistics, AI is also being preferred by the insurance sector. One insurance policy for all isn’t what customers want today. 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? How is AI in Insurance Industry Constructive? In this case of computing Artificial Intelligence in the fields of Insurance and industry, the privileges are as follows: 1. Hence, applying AI in the Insurance industry can be advantageous.

Insurance 52

Insurance Recreation/Entertainment Software Enterprise 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 79

Insurance Data Science Forecasting Marketing 79