Corinium

JULY 10, 2020

After a slow start, the insurance industry is embracing digital transformation – and this digital event highlighted how the sector’s data and analytics executives are leading the charge. Spurred on in part by InsureTechs intent on disrupting the industry, insurance companies have finally begun accelerating their digital transformations.

Digital Transformation 221

Digital Transformation Insurance Analytics Strategy 221

Analytics Vidhya

JUNE 7, 2024

Introduction Insurance is a document-heavy industry with numerous terms and conditions, making it challenging for policyholders to find accurate answers to their queries regarding policy details or the claims process. This often leads to higher customer churn due to frustration and misinformation. appeared first on Analytics Vidhya.

Insurance 162

Insurance Analytics IT 162

CIO Business Intelligence

NOVEMBER 26, 2024

Data is the lifeblood of the modern insurance business. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing, and driving business decisions from that data. There are lots of reasons for this.

Insurance 131

Insurance Data-driven Data Architecture Strategy 131

Analytics Vidhya

SEPTEMBER 16, 2021

Objective Understand what is Cross-sell using Vehicle insurance data. Learn how to build a model for cross-sell prediction. Introduction If you are a Machine learning enthusiast or a data science beginner, it’s important to have a guided journey and also exposure to a good set of projects.In

Machine Learning 395

Machine Learning Insurance Data Science Modeling 395

DataKitchen

JUNE 27, 2022

The post DataOps Risk Insurance & Mission Control first appeared on DataKitchen. Chris Bergh shares how to manage data quality and pipeline risk through implementing a 'Mission Control' center for DataOps.

Insurance 130

Insurance Risk Data Quality Management 130

CIO Business Intelligence

OCTOBER 16, 2024

>To help insurance brokerages tie in disparate systems to manage their operations and increase employee productivity, CRM software provider Salesforce has introduced a new offering in preview, the Financial Services Cloud. In addition, Financial Services Cloud can be used to service property and casualty insurance clients as well.

Insurance 119

Insurance Unstructured Data Finance Machine Learning 119

Analytics Vidhya

DECEMBER 20, 2021

It might be in hundreds for a local grocery store, and it may be in millions for a national bank or an insurance company. This article was published as a part of the Data Science Blogathon Businesses and Companies have a lot of customers these days. The number of customers widely vary. Companies like Google and […].

Customer Analytics 357

Customer Analytics Analytics IT Insurance 357

Smart Data Collective

JANUARY 30, 2024

The insurance sector is no exception. Using data efficiently in the insurance industry is crucial. Data analytics technology has been invaluable for businesses in all sectors in recent years. In a fast-paced world where data is everything, it is imperative to manage it tactfully to get the best results when required.

Insurance 103

Insurance Management Analytics Analytics Technologies 103

Analytics Vidhya

OCTOBER 5, 2023

Data analyst jobs have particularly been on the rise in America’s cell phone service, insurance policy, marketing, banking, medical care, and technology sectors. This article will guide […] The post How to Become a Data Analyst in the USA? appeared first on Analytics Vidhya.

Insurance 335

Insurance Big Data Marketing Data Analytics 335

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. The rapid advancement of artificial intelligence (AI) technology has brought about a transformative shift in customer service and support, especially with the introduction of chatbots.

Software 335

Software Insurance Technology Analytics 335

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

Analytics Vidhya

JANUARY 17, 2023

Corporations across all industries have invested significantly in big data, establishing analytics departments, particularly in telecommunications, insurance, advertising, financial services, healthcare, and technology. Introduction Data analytics is a field filled with promise.

Advertising 305

Advertising Insurance Big Data Data Analytics 305

Corinium

MARCH 9, 2020

The rise of data and analytics in the insurance industry means the underwriting profession is changing fast. Not everyone is thrilled about the rise of AI in the insurance industry.

Insurance 243

Insurance Analytics 243

Corinium

JUNE 6, 2019

I am the Chief Practice Officer for Insurance, Healthcare, and Hi-Tech verticals at Fractal. The Insurance practice is currently engaged with several top 10 P&C insurers in the US, across the Insurance value chain through AI, Engineering, Design & Behavioural Sciences programs.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

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. Finally, the way Erie Insurance drives transformation is by leveraging enterprise business agility. Change Management, CIO, Digital Transformation, Innovation, Insurance Industry, IT Leadership, IT Strategy

Insurance 95

Insurance Scorecard Digital Transformation Strategy 95

Analytics Vidhya

MARCH 29, 2022

Insurance companies are profitable when the claims that they issue are lesser than the premiums they receive. This article was published as a part of the Data Science Blogathon. Introduction Any company in existence today thrives to make a profit. This is the real-world problem we are going to tackle today. If there is a method […].

Machine Learning 270

Machine Learning Insurance Data Science Publishing 270

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

IBM Big Data Hub

MARCH 25, 2024

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

Insurance 85

Insurance Forecasting Risk Risk Management 85

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 105

Insurance Technology Interactive Enterprise 105

O'Reilly on Data

JANUARY 15, 2020

Should insurance policies be personalized in a webpage using reinforcement learning, and what are the attributes that should drive that? Or is an algorithm trying to find out better ways that are not goaled toward the purpose of insurance, which is a long-term financial pool of risk and social safety net.

Insurance 282

Insurance Measurement Risk IT 282

Corinium

JUNE 5, 2020

In episode 14 we talk to Eugene Wessels about how data analytics is at the foundation over King Price Insurance's operating model.

Insurance 195

Insurance Modeling Data Analytics Analytics 195

CIO Business Intelligence

DECEMBER 10, 2024

At EXL, we recently launched a specialized Insurance Large Language Model (LLM) leveraging NVIDIA AI Enterprise to handle the nuances of insurance claims in the automobile, bodily injury, workers compensation, and general liability segments.

Modeling 115

Modeling Insurance Unstructured Data Experimentation 115

DataKitchen

OCTOBER 20, 2023

In this article, we explore the role of Payload DJs in addressing these complexities, illustrated with examples from industries like drug discovery and insurance. Example 3: Insurance Card Tracking In the pharmaceutical industry, disjointed business processes can cause data loss as customer information navigates through different systems.

Insurance 182

Insurance Metadata Data-driven Data Quality 182

Rocket-Powered Data Science

OCTOBER 16, 2020

senior executives across eight industries: agriculture, banking, exhibitions, government, healthcare, insurance, legal, and science/medical. The sectors with the greatest increases in investment were insurance, banking, and agriculture, followed closely by healthcare and science/medical.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

CIO Business Intelligence

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. based insurer has rebuilt its core application for claims processing, sales, and support, and plans to overhaul its entire portfolio of business processes, all with the aim to enhance and accelerate the customer experience.

Digital Transformation 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

CIO Business Intelligence

JULY 26, 2024

As eye-popping estimates emerge for the cost to enterprises of dealing with aftermath of last week’s CrowdStrike-induced outages, it’s crucial to break down the sources of these expenses and understand how much of the financial burden will be absorbed by cyber insurance. billion to $1.08

Insurance 119

Insurance Risk Enterprise Marketing 119

BA Learnings

JUNE 17, 2023

Health Insurance You don’t want to be without health insurance. Without insurance, you could get sick or injured and end up with a stack of medical bills you can’t afford to pay down. The majority of Americans get their health insurance through employment. How can you get health insurance as a freelancer?

Insurance 130

Insurance Manufacturing Reporting IT 130

CIO Business Intelligence

AUGUST 21, 2024

Potential use cases spread across vertical industries that are steeped in document-intensive processes, including healthcare, financial services, banking, and insurance. Consider an insurance company corporate inbox that accepts claims, underwriting, and policy servicing submissions.

Insurance 116

Insurance Management Metadata Unstructured Data 116

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

Smart Data Collective

DECEMBER 19, 2022

As soon as the billers receive the necessary information, they prepare a claim for the insurance company. Providers can be billed using codes (the providers can be connected to insurers through the same cloud infrastructure). By doing this, we can determine what procedures and services are covered by the patient’s insurance.

Software 125

Software Technology Insurance Cost-Benefit 125

Smart Data Collective

APRIL 15, 2024

More insurers are using data analytics to streamline the process for worker's compensation claimants.

Data-driven 104

Data-driven Insurance Management Data Analytics 104

CIO Business Intelligence

AUGUST 21, 2024

From insurance to banking to healthcare, organizations of all stripes are upgrading their aging content management systems with modern, advanced systems that introduce new capabilities, flexibility, and cloud-based scalability. In this post, we’ll touch on three such case studies.

Management 111

Management Enterprise Insurance Cost-Benefit 111

CIO Business Intelligence

NOVEMBER 22, 2023

As a connected car data company focusing on the motor insurance sector, UK-based ThingCo is dedicated to developing next gen telematics built with the latest technology. On effective partnerships: It’s not fair for someone to be threatened to have their insurance canceled for something that wasn’t their fault, that the data was invalid.

Insurance 105

Insurance B2B Modeling Machine Learning 105

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. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

Insurance 128

Insurance Digital Transformation Interactive Sales 128

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

MAY 28, 2022

As the Boston-based insurance company’s journey to the cloud has unfolded, it has also maintained a select set of datacenters from which to run legacy applications more economically than they would on the cloud, as well as software from vendors that make licensing on the cloud less attractive.

Insurance 145

Insurance Machine Learning Digital Transformation Cost-Benefit 145

CIO Business Intelligence

OCTOBER 17, 2024

Liberty Dental Plan insures about 7 million people in the United States as a dental insurance company. And over time I have been given more responsibility on the operations side: claims processing and utilization management, for instance, both of which are the key to any health insurance company (or any insurance company, really).

Management 111

Management Insurance ROI Cost-Benefit 111