Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105

Insurance Digital Transformation Data-driven Risk 105

CIO Business Intelligence

NOVEMBER 27, 2024

Each interaction amplifies the potential for errors, breaches, or misuse, underscoring the critical need for a strong governance framework to mitigate these risks. As AI adoption accelerates, it demands increasingly vast amounts of data, leading to more users accessing, transferring, and managing it across diverse environments.

Data Governance 132

Data Governance Risk Insurance Metadata 132

CIO Business Intelligence

DECEMBER 9, 2024

Likely use cases for agentic AI In practical applications, agentic AI is emerging in various fields such as autonomous vehicles, automated trading systems, and healthcare and natural sciences, where they will be programmed to perform tasks, make choices and interact with their environment in a way that mimics human agency.

Technology 98

Technology Insurance Interactive Reporting 98

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

MARCH 5, 2025

also incorporates a growing library of domain-specific AI agents that can dynamically interact with enterprise systems, streamlining processes, enhancing decision making and improving customer experiences. And its orchestration capabilities enable these agents to interact with each other with minimal human involvement.

Insurance 85

Insurance Cost-Benefit Interactive Enterprise 85

CIO Business Intelligence

JANUARY 5, 2025

Meanwhile, AI-powered tools like NLP and computer vision can enhance these workflows by enabling greater understanding and interaction with unstructured data. AI in action The benefits of this approach are clear to see. 4] On their own AI and GenAI can deliver value.

Enterprise 124

Enterprise Cost-Benefit Unstructured Data Data Quality 124

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

Decision Management Solutions

JUNE 19, 2019

There is a common high-level customer journey for insurance customers. Here at Decision Management Solutions we’ve helped insurance carriers in the US and Asia develop innovative approaches to developing and delivering NBO/NBA initiatives. By: Zoe Zhou. The customer researches providers and policy options.

Insurance 75

Insurance Consulting Predictive Analytics Interactive 75

Decision Management Solutions

MAY 1, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. That post, referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , in which he states that there are only three levers of value in insurance: 1. Sell More , 2. Cost Less to Operate.

Insurance 75

Insurance Technology Predictive Analytics Risk 75

IBM Big Data Hub

MAY 1, 2023

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Artificial intelligence applied to insurance The insurance industry has always made extensive use of data and algorithms, such as in the calculation of insurance premiums.

Insurance 75

Insurance Predictive Modeling Cost-Benefit Statistics 75

CIO Business Intelligence

DECEMBER 30, 2024

Plus, they can be more easily trained on a companys own data, so Upwork is starting to embrace this shift, training its own small language models on more than 20 years of interactions and behaviors on its platform. We have to look at how we interact with colleagues and how we interact with AI, he adds.

ROI 141

ROI Software Modeling Interactive 141

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

IBM Big Data Hub

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. The risk of privacy leakage from interaction with AI technologies is a major source of consumer concern and mistrust.

Insurance 68

Insurance Risk Testing Data Quality 68

CIO Business Intelligence

MARCH 19, 2025

In October, Microsoft announced that 100,000 organizations including Standard Bank, Thomson Reuters, Virgin Money, and Zurich Insurance are using Copilot Studio, double the number just months earlier. For us, agents are essential to interacting with our data, he says. That includes credit decisions and supply chain decisions, he says.

Software 143

Software Risk Enterprise Cost-Benefit 143

datapine

OCTOBER 21, 2020

By utilizing key performance indicators in healthcare and healthcare data analytics, prevention is better than cure, and managing to draw a comprehensive picture of a patient will let insurance provide a tailored package. with the impossibility to communicate properly. giving money back to people using smartwatches).

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Information Builders

MAY 12, 2015

Information Builders, a leader in business intelligence ( BI ) and analytics, information integrity, and integration solutions, announced during the Analytics for Insurance Conference and Expo in Toronto this week that its insurance solutions help facilitate claims, actuarial, financial, risk, marketing processes, and more for insurance providers across (..)

Insurance 53

Insurance Interactive Analytics Business Intelligence 53

Decision Management Solutions

APRIL 15, 2019

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.

Insurance 63

Insurance Technology Predictive Analytics Sales 63

CIO Business Intelligence

JANUARY 21, 2025

For example, attackers recently used AI to pose as representatives of an insurance company. However, this approach also requires human interaction to validate any findings or recommendations from AI to prioritize the remediations or responses that are required based on the criticality of the asset.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

Smart Data Collective

MAY 23, 2021

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. Automated Customer Service & Chatbots. A crucial decision is needed in many financial sectors.

Insurance 137

Insurance Machine Learning Cost-Benefit Data-driven 137

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Data-driven 150

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

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. The insurance dashboard is one of the most commonly used data display methods.

Insurance 52

Insurance Dashboards KPI Analytics 52

O'Reilly on Data

OCTOBER 11, 2022

Automating processes to make decisions in routine situations can be a way to do more without adding staff: if pharmacy employees can rely on an automated process to look up drug interactions, regulations, and medical records, in addition to managing the insurance process, they are free to take on more important or more difficult tasks.

Data Integration 353

Data Integration Insurance Dashboards Data-driven 353

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

O'Reilly on Data

SEPTEMBER 19, 2023

” Each step has been a twist on “what if we could write code to interact with a tamper-resistant ledger in real-time?” This technique simulates interactions in a complex system. Bayesian data analysis and Monte Carlo simulations are common in finance and insurance.

Machine Learning 339

Machine Learning Testing Modeling Cost-Benefit 339

bridgei2i

JANUARY 18, 2021

Case study: Underwriting Process Automation for M&A Insurance. The client, a leading commercial insurer in North America, was looking to reduce the deal processing time of policies by automating the retrieval of specific information from various documents and boost conversions. Business Context. How BRIDGEi2i Delivered Value?

Insurance 52

Insurance Interactive Enterprise Strategy 52

bridgei2i

JANUARY 17, 2021

Case study: Emerging Risk Identification for Personal Lines Insurance. The client, a global insurance leader, wanted to identify emerging risks, associated drivers & trends by analyzing various external data sources including medical journals, legal opinion blogs, newsfeed & social media. Business Context.

Insurance 52

Insurance Risk Interactive Enterprise 52

CIO Business Intelligence

JANUARY 25, 2024

In direct patient interactions, expect the next generation of AI-powered chatbots to improve care for both caregivers and patients. banking customers using chatbots for checking and savings account interactions doubled, Bain & Company research found. Banking customers are increasingly using chatbots in their everyday transactions.

Insurance 105

Insurance Interactive Marketing Publishing 105

Cloudera

MAY 4, 2022

AI has the potential to transform operations by improving three fundamental business requirements: process automation, decision-making based on data insights, and customer interaction. Insurance and finance companies leverage this speed to review claims, loan requests, and credit checks. Error reduction. Workflow improvement.

Internet of Things 130

Internet of Things Cost-Benefit Insurance Data-driven 130

CIO Business Intelligence

JANUARY 21, 2025

Other document processing use cases include conducting clinical trials in life sciences, loan underwriting in retail banking, and insurance claims processing. Mike Lee, president and GM at AND Digital, says, In the travel and loyalty industry, generative AI is revolutionizing how customers interact with reward programs.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

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

This approach can accelerate speed-to-market by providing enhanced capabilities for developing innovative products and services, facilitating business growth and improving the overall customer experience in their interactions with the company. Customer engagement Providing insurance coverage involves working with numerous documents.

Insurance 53

Insurance Digital Transformation Risk Management Interactive 53

Cloudera

APRIL 20, 2022

As healthcare providers and insurers /payers worked through mass amounts of new data, our health insurance practice was there to help. One of our insurer customers in Africa collected and analyzed data on our platform to quickly focus on their members that were at a higher risk of serious illness from a COVID infection.

Insurance 101

Insurance Measurement Data Lake Risk 101

CIO Business Intelligence

APRIL 12, 2022

For today’s consumers, shopping and interacting with businesses online has mostly become easier and more convenient than ever — but not when it comes to dealing with insurance companies. So, what kind of features do insurance companies need to offer to retain and attract customers? The answers are straightforward.

Insurance 52

Insurance Testing Interactive Analytics Technologies 52

CIO Business Intelligence

OCTOBER 13, 2022

Aflac is the leading provider of supplemental health insurance in the United States, and Gilbert has been recognized for his commitment to accelerating the company’s digital transformation strategy. Insurance is an interesting business, because you’re not building something; you’re in business to fulfill a promise.

IT 128

IT Insurance Cost-Benefit Modeling 128

Alation

JULY 26, 2021

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 It begins with recognizing a problem. billion in 2020. The people behind the data are key.

Insurance 98

Insurance Digital Transformation Enterprise Data Governance 98

Smart Data Collective

JULY 8, 2021

However, they should not be passive about waiting for their bank, insurance company or other financial institution to advise them about new technology that can assist them. This will help you identify mistakes on your credit report or insurance accounts, which could be costing you higher interest rates or premiums.

Machine Learning 143

Machine Learning Management Finance Cost-Benefit 143