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Customizing Personal Lines Insurance with Location Data

Cloudera

Insurers are increasingly adopting data from smart devices and related technologies to support and service their customers better. I have been researching more about how we can use the new data from those devices to design more innovative insurance products while being aware that these should all be contingent upon customer opt-in.

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Using Technology to Grow Relationship Value in Insurance?

Decision Management Solutions

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.

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Predictive Analytics: 4 Primary Aspects of Predictive Analytics

Smart Data Collective

This can cause certain business problems with both your data points as well as your data analytics, web analytics , and response variable. Early adopters and practitioners that use past data and predictive analytics deployment without meeting key objectives are likely missing out on some of the key components of such a model.

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New regulation intensifies focus on IT risk management and operational resilience

CIO Business Intelligence

The regulation impacts a broad spectrum of financial institutions, including banks, brokers, credit institutions, insurance companies, and payments processors. With dozens of specific rules, DORA’s reach is extensive and far-reaching. Learn more about DORA and how BMC can help. Visit here for more information or contact BMC.

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How Mapfre gets cloud to coexist with its tech model ambitions

CIO Business Intelligence

With 90 years of history, Mapfre is one of the giants of the Spanish insurance sector. The personalization of services and products is going to be fundamental in the insurance sector,” she says, an aspect she’s spearheading, along with a commitment to data and AI. “The Here, she speaks with Esther Macías on how it’ll all work.

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Navigating the cloud maze: A 5-phase approach to optimizing cloud strategies

CIO Business Intelligence

It prevents vendor lock-in, gives a lever for strong negotiation, enables business flexibility in strategy execution owing to complicated architecture or regional limitations in terms of security and legal compliance if and when they rise and promotes portability from an application architecture perspective.

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Taking Value Stream Management to the Next Level

CIO Business Intelligence

Leveraging VSM principles, a group at a Fortune 500 Insurance company was able to make some small changes that have proven to deliver significant dividends. By embracing VSM concepts, business leaders have been able to establish unified visibility and connection that spans the business. Conclusion.