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

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

AUGUST 2, 2020

Intelligent Operations: The engine behind Digital Transformation. The moment of truth in an insurance relationship a customer has with an insurer is when s/he submits a claim and then waits, with bated breath, for the settlement. This moment of truth is now getting shifted irremovably. Author: Prithvijit Roy.

Digital Transformation 95

Digital Transformation Insurance Unstructured Data Cost-Benefit 95

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 106

Insurance Management Cost-Benefit Optimization 106

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

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

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

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

bridgei2i

JULY 8, 2020

PODCAST: COVID 19 | Redefining Digital Enterprises. Episode 10: COVID-19 | Evolving Trends of Digital Transformation. COVID-19 | Evolving Trends of Digital Transformation. My name is Vignesh, and I help companies succeed in their AI-enabled digital transformation. Listening time: 12 minutes.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

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

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 59

Insurance Digital Transformation Internet of Things IoT 59

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

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

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

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

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 70

Insurance Unstructured Data Digital Transformation Cost-Benefit 70

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

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

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

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

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

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

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

IBM Big Data Hub

JANUARY 15, 2024

Enterprises now recognize the importance of leveraging innovative technologies to drive digital transformation and achieve cost efficiency. The path of digital transformation is fraught with challenges. As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Digital Transformation 66

Digital Transformation Insurance ROI Optimization 66

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

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

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

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

Cloudera

MAY 30, 2024

The financial services industry is undergoing a significant transformation, driven by the need for data-driven insights, digital transformation, and compliance with evolving regulations. Learn more about how Cloudera’s partner ecosystem can support your most challenging use cases.

Data Analytics 79

Data Analytics Risk Management Digital Transformation Analytics 79

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

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

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

CIO Business Intelligence

NOVEMBER 18, 2024

Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. With digital technologies clearly established as the central plank of business operations, efforts to reorganize, rebrand, and remodel IT are kicking into high gear.

IT 133

IT Insurance Strategy Technology 133

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 93

Insurance Digital Transformation Unstructured Data Machine Learning 93

CIO Business Intelligence

SEPTEMBER 10, 2024

Adopting an enterprise architecture framework today is a smart move; without one, it’s much more difficult to make good decisions, manage risk, embrace digital transformation, and demonstrate how technology decisions align with business goals.

Enterprise 115

Enterprise Key Performance Indicator Digital Transformation Insurance 115

CIO Business Intelligence

MARCH 8, 2023

The effects are still being felt and in Northern Ireland specifically, ongoing political instability is further complicating approaches to digital transformation. And those people aspects of that technology portfolio must be our focus over the next few years as we carry on this digitization journey in health and care.

Insurance 98

Insurance Digital Transformation Interactive Risk 98

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