IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 96

Insurance Digital Transformation Unstructured Data Risk 96

CIO Business Intelligence

SEPTEMBER 9, 2024

Digital transformation initiatives, for the most part, offer significant advantages—enhancing efficiency, agility, and innovation across the business. As IT landscapes and software delivery processes evolve, the risk of inadvertently creating new vulnerabilities increases.

Risk Management 115

Risk Management Risk Management IT 115

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 130

Insurance Management Cost-Benefit Optimization 130

CIO Business Intelligence

AUGUST 21, 2024

Adding smarter AI also adds risk, of course. “At The big risk is you take the humans out of the loop when you let these into the wild.” When it comes to security, though, agentic AI is a double-edged sword with too many risks to count, he says. “We That means the projects are evaluated for the amount of risk they involve.

Risk 136

Risk Insurance Cost-Benefit Software 136

bridgei2i

JUNE 2, 2020

PODCAST: COVID 19 | Redefining Digital Enterprises. Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Despite these pressing concerns, COVID-19 has accelerated digital transformation. Management. Listening time: 12 minutes.

Risk Management 128

Risk Management Risk Enterprise Management 128

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

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

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.

Insurance 128

Insurance Digital Transformation Interactive Sales 128

CIO Business Intelligence

OCTOBER 13, 2022

While pandemic-driven digital transformation has enabled the media and entertainment industry to stream awesome content 24/7 – digital technology is also safeguarding visitors, performing artist, and crew at the Eurovision Song Contest by monitoring their Covid-19 exposure levels in real time. So, how does it work?

Risk 98

Risk Broadcasting Recreation/Entertainment Dashboards 98

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

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 Unstructured Data Digital Transformation Cost-Benefit 72

CIO Business Intelligence

OCTOBER 20, 2022

The staggering opportunities Asia’s burgeoning digital economy presents are reason enough to spur you into rethinking the way you do business. This means one thing: digital transformation. Exposure to security risk. Cloud adoption empowers organisations to adapt quickly to sudden market disruptions.

Risk 105

Risk Insurance Digital Transformation Software 105

CIO Business Intelligence

NOVEMBER 7, 2024

Monica Caldas is an award-winning digital executive who leads a team of 5,000 technologists as the global CIO for Liberty Mutual Insurance. As a technology organization supporting a global insurance company, job No. Monica Caldas: I always think of technology as having a defensive and an offensive side.

Insurance 120

Insurance Experimentation Testing Technology 120

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

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

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

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. Organizationally, Wiedenbeck is a member of Ameritas’ AI steering committee, called the “mission team,” which includes the legal and risk officers, along with the CIO.

IT 130

IT Insurance Cost-Benefit Risk 130

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 95

Insurance Digital Transformation Unstructured Data Machine Learning 95

CIO Business Intelligence

MARCH 5, 2025

The banking, financial services, and insurance (BFSI) sector is facing a storm. Digital-first startups have changed expectations fuelling demand for faster transactions and innovative services. As a result, many ordinary financial transactions now rely on multiple types and ages of technology.

Insurance 52

Insurance Digital Transformation Risk Management Publishing 52

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 16, 2023

She also shared some of the lessons she’s learned about taking risks, navigating complexity, fostering an innovative culture, and creating significant impact across the business. 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.

Insurance 128

Insurance Enterprise Risk Digital Transformation 128

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. Suresh Kumar, chief transformation officer for mergers and acquisitions at Expion. “We In the past, anybody could make a mistake easily.

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

CIO Business Intelligence

MARCH 18, 2024

We’re at a critical time for digital transformation. But while there’s plenty of excitement and change underway, security risks and vulnerabilities have continued to follow right alongside that innovation. So, who needs to adhere to DORA? So, with no time to waste, where should they get started?

Risk Management 120

Risk Management Insurance Risk Testing 120

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

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

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

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

MARCH 8, 2023

The effects are still being felt and in Northern Ireland specifically, ongoing political instability is further complicating approaches to digital transformation. People will be more risk-averse than they were during the pandemic, so let’s not allow those big public processes to push us back into traditional ways of working.

Insurance 98

Insurance Digital Transformation Interactive Risk 98

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

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. Regulation and risk are a big focus for financial institutions. Can you elaborate a bit more on that? Joe Rodriguez, Sr.

Data Analytics 81

Data Analytics Risk Management Analytics Digital Transformation 81

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. Without them an organisations’ AI exploits carry significant risk, particularly due to the triple-threats of data bias, mis-labelling, and poor selection.

Data Governance 145

Data Governance IT Data Lake Risk 145

CIO Business Intelligence

SEPTEMBER 10, 2024

Enterprise transformation tools like OrbusInfinity, Planview, or LeanIX typically provide functions like decision analysis, presentation, modeling, and collaboration to support EA frameworks. Other organizations choose to integrate modeling tools that work well with their chosen framework, like ArchiMate or UML.

Enterprise 115

Enterprise Key Performance Indicator Digital Transformation Insurance 115

CIO Business Intelligence

JANUARY 8, 2024

“As we head into the new year, CIOs and other IT leaders will need to understand how innovation can disrupt the business from both an internal and external perspective and make decisions with measured risk taking and a strong focus on priority outcomes.”

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

CIO Business Intelligence

MAY 27, 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 98

Insurance Machine Learning Digital Transformation Cost-Benefit 98

CIO Business Intelligence

NOVEMBER 8, 2023

But strategically important digital transformations should be protected “because they set you up over time and create more flexibility and adaptability,” says Andrew Blau, MD and US leader, eminence and insights, at Deloitte Consulting. Also, sticking to your strategic digital transformation plans is paramount, says PwC’s Phaneuf.

IT 133

IT Cost-Benefit Digital Transformation Risk 133

Timo Elliott

JANUARY 5, 2022

They discussed how medium and small sized enterprises should handle the digital transformation, and the concrete roles of Data Protection Officers and Innovation Evangelists during this process. “We Yves: Do you think people are already fully convinced about the real added value of digital transformation? Timo: Yes.

Digital Transformation 115

Digital Transformation Machine Learning Enterprise Data Science 115

CIO Business Intelligence

MARCH 22, 2022

With more and more companies undertaking the journey of digital transformation, the role of the CIO has become critical. He brings expertise in developing IT strategy, digital transformation, AI engineering, process optimization and operations. He will also plan and implement the company’s IT and digital strategy.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Recreation/Entertainment Insurance 98