AWS Big Data

JULY 16, 2024

This post is written in collaboration with Clarisa Tavolieri, Austin Rappeport and Samantha Gignac from Zurich Insurance Group. Zurich Insurance Group (Zurich) is a leading multi-line insurer providing property, casualty, and life insurance solutions globally.

Insurance 127

Insurance Management Cost-Benefit Optimization 127

CIO Business Intelligence

DECEMBER 2, 2024

Jitender Durairajan, Head Cloud Engineering & Solutions at Sify Technologies, believes it is imperative for businesses to carefully consider who they partner with in their digital transformation journey. He points to IDC’s research on hybrid and multicloud management as a case in point.

Digital Transformation 102

Digital Transformation Technology Insurance Manufacturing 102

CIO Business Intelligence

DECEMBER 1, 2022

For over 130 years, Hastings Mutual Insurance Company has served and protected its clients throughout the Midwest. In its push to modernize, the regional insurance provider also believed updating its client viewing system to provide a more intuitive, user-friendly experience would benefit its customers and employees alike.

Insurance 111

Insurance Management Cost-Benefit Digital Transformation 111

CIO Business Intelligence

MARCH 27, 2024

When the leadership team at Erie Insurance planned a large-scale transformation, they knew it couldn’t be an IT-only effort. We’ve also made a cross functional team of leaders who lead the enterprise transformation office that’s responsible for strategy, planning, and delivery.”

Insurance 95

Insurance Scorecard Digital Transformation Strategy 95

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

CIO Business Intelligence

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. According to Nationale-Nederlanden deputy general manager and CTO David Vaquero, the company’s digital transformation and evolution is continuous.

Digital Transformation 128

Digital Transformation Insurance Interactive Sales 128

Rocket-Powered Data Science

FEBRUARY 12, 2021

Consequently, as organizations everywhere are undergoing significant digital transformation, we have been witnessing increases both in the use of RPA in organizations and in the number of RPA products in the market. IA refers to the addition of “intelligence” to the RPA – transforming it into “smart RPA” or even “cognitive RPA”. (AAI)

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

Rocket-Powered Data Science

OCTOBER 16, 2020

The 2020 year of the pandemic has forced organizations to speed up their digital transformation and advanced technology adoption plans, essentially compressing several years of anticipated developments into several months. In the recent 2020 RELX Emerging Tech Study , results were presented from a survey of over 1000 U.S.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

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 77

Insurance Unstructured Data Digital Transformation Cost-Benefit 77

Alation

NOVEMBER 4, 2022

In this blog we’ll describe digital transformation: how it can be achieved as well as how it can benefit your business. What does it mean to undergo a digital transformation? At its core, digital transformation is simply incorporating digital technology into one’s business.

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

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

Cloudera

APRIL 7, 2021

Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. . In a March 2021 poll by Celent , “improving customer experience” was identified as the top focus (63%) for insurers.

Insurance 60

Insurance Digital Transformation Internet of Things IoT 60

bridgei2i

FEBRUARY 21, 2019

Monideepa Bhattacharya, Digital Transformation Lead, BRIDGEi2i Analytics Solution, delivered the keynote presentation at Infocom-2018, Kolkata. In the journey of enterprises, digital transformation encompasses customer experience, improving operational efficiency and monetizing data for newer digital business models.

Digital Transformation 66

Digital Transformation Analytics Sales KPI 66

bridgei2i

APRIL 16, 2020

Insurance firm Swiss Re faced a $250m (approximately £215m) loss if the event was canceled instead of being delayed. Nonetheless, the firm faces “mid-three-digit” exposures from other event cancellations. The insurance industry —which, in the US alone, accounts for $1.2 Rise in Claim backlogs/ Rejections.

Insurance 71

Insurance Sales Digital Transformation Machine Learning 71

CIO Business Intelligence

JUNE 13, 2023

Information is at the core of every business’s digital transformation. Intelligent information management is critical to the success of digital transformation initiatives like online ordering, omnichannel customer experience, remote work, and compliance mandates. Digital Transformation

Digital Transformation 64

Digital Transformation Management Insurance Forecasting 64

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 122

IT Insurance Consulting Risk 122

CIO Business Intelligence

JULY 17, 2024

Pioneering digital leaders help organizations make the most out of emerging technologies, but to be successful, they must keep up with the fast pace of change and deliver the right solutions at the right time, and at the right cost. These capabilities make digital leaders well placed to lead large-scale change projects.

Digital Transformation 132

Digital Transformation Technology Cost-Benefit Insurance 132

CIO Business Intelligence

MAY 28, 2022

Eight years ago, McGlennon hosted an off-site think tank with his staff and came up with a “technology manifesto document” that defined in those early days the importance of exploiting cloud-based services, becoming more agile, and instituting cultural changes to drive the company’s digital transformation.

Insurance 145

Insurance Machine Learning Digital Transformation Cost-Benefit 145

Alation

JULY 26, 2021

Beginning a digital transformation journey in a big organization can feel daunting. During my time as a data specialist at American Family Insurance, it became clear that we had to move away from the way things had been done in the past. About American Family Insurance. American Family Insurance, or AmFam, is a U.S.-based

Insurance 98

Insurance Digital Transformation Enterprise Data Governance 98

Cloudera

DECEMBER 11, 2020

COVID-19 has forced virtually every industry to embrace an acceleration in digital capabilities. While it can be argued that digital transformation was already underway; it’s hard to dispute that it has accelerated in recent months. Insurance and finance are two industries that rely on measuring risk with historical data models.

Insurance 100

Insurance Digital Transformation Unstructured Data Machine Learning 100

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

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 56

Insurance Cost-Benefit Digital Transformation Marketing 56

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 105

IT Insurance Consulting Risk 105

IBM Big Data Hub

APRIL 5, 2023

The healthcare industry’s heavy reliance on legacy systems, regulatory and security challenges are significant hurdles for its journey toward digital transformation. We saw this during the COVID-19 pandemic as many large healthcare systems scrambled to integrate digital technology at speed.

Digital Transformation 60

Digital Transformation Consulting Finance Insurance 60

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. In days ahead, digital transformation will be the saviour and guide of the industry.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

CIO Business Intelligence

MAY 24, 2024

The elevation of the CIO position seemed to begin during the COVID-19 remote work era, but has sped up in the post-COVID years , with ongoing digital transformation efforts and questions about the best uses of AI, says Buccola, formerly a CIO for about 20 years at PE-backed firms.

Insurance 111

Insurance Digital Transformation Strategy Marketing 111

CIO Business Intelligence

JANUARY 19, 2023

As companies shift their focus from the digital transformation of individual processes to the business outcomes enabled by a digitally transformed organisation, software engineering will become a core enterprise capability.

Software 137

Software Enterprise Digital Transformation Insurance 137

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

CIO Business Intelligence

SEPTEMBER 26, 2024

The awardees represent over 15 industries, from financial services and banking to telecommunications, healthcare, aviation, real estate, insurance, and government. Their collective efforts underscore the critical importance of technology in both public and private sectors.

Insurance 110

Insurance IT Digital Transformation Data-driven 110

CIO Business Intelligence

JUNE 22, 2023

While Silicon Valley still pays top dollar for IT pros, the war for talent has moved beyond the technology industry, with other verticals vying for talented IT workers who have the skills to enable digital transformation, process improvement, change management, and the development of apps and services.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

IBM Big Data Hub

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 53

Insurance Digital Transformation Risk Management Interactive 53

CIO Business Intelligence

MAY 8, 2024

On behalf of insurance carriers, pharmacy benefit managers, and other healthcare payers, Expion negotiates prices with pharmacies and medical practices based on volume discounts and other factors. Automation, and generative AI in particular, can transform the insurance industry, he adds.

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

CIO Business Intelligence

AUGUST 14, 2024

On finding the tech balance: I’d say digital transformation in healthcare is a little bit behind. So for us, the way I’ve approached it is looking at our digital transformation strategy and dividing it into key areas. That was a real first taste for me of digital and technology.

Digital Transformation 115

Digital Transformation Strategy Advertising Technology 115

CIO Business Intelligence

JUNE 12, 2024

The Reuters report also noted that DXC “is separately soliciting bids to sell its insurance software business for more than $2 billion and may opt to remain an independent company under Raul Fernandez, who was appointed chief executive in February.”

Reporting 126

Reporting Technology Consulting Insurance 126

CIO Business Intelligence

JANUARY 29, 2024

With IT increasingly driving new initiatives in concert with key business partners, there’s opportunity for technology leaders to nurture an organizational identity that keeps everyone razor-focused on digitally transforming the business in pursuit of strategic goals. Patience and staying power on strategy is really key.”

IT 128

IT Insurance Digital Transformation Technology 128

CIO Business Intelligence

NOVEMBER 16, 2023

As we think about our next step change in driving business outcomes and competitive advantage for The Hartford, it is really our AI-led transformation. As an insurance company, we are quite data rich, so how do we take that rich data and convert it into valuable insights at scale, at speed, at the fingertips of our decision-makers?

Insurance 128

Insurance Enterprise Risk Digital Transformation 128

CIO Business Intelligence

SEPTEMBER 24, 2024

This is a significant change moment,” says Rich Wiedenbeck, CAIO of Ameritas, an insurance and financial services company headquartered in Lincoln, Nebraska. The life insurance industry has not been historically focused on pure efficiency, but the cost-per-unit concept is coming into the business.” Contact us today to learn more.

IT 130

IT Insurance Cost-Benefit Risk 130