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How Data Analytics Is Changing The Insurance Industry

Smart Data Collective

The insurance industry is based on the idea of managing risk. The journal Risk Management and Insurance Review mentions that historically, in the latter half of the twentieth century, the analysis of trends was the primary driver in determining risk in the insurance business. Advanced Analytical Processes in Insurance.

Insurance 110
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Interview with: Sankar Narayanan, Chief Practice Officer at Fractal Analytics

Corinium

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
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How insurers can better deliver at “The Moment of Truth”

Cloudera

Insurance is no different. Insurance is not something the average consumer thinks about every day but when a life changing event happens, insurance becomes extremely important. It is in this “Moment of Truth” that insurers excel or fail. To provide the best price, the insurer needs to better understand their customer.

Insurance 116
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Customizing Personal Lines Insurance with Location Data

Cloudera

Insurers are increasingly adopting data from smart devices and related technologies to support and service their customers better. According to Statista , the projected installed base of IOT devices is expected to increase to 30.9 Much of the evidence required in the past is already available from the IOT sensors.

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IoT Adoption in Healthcare Brings Security Opportunities

CIO Business Intelligence

At the end of the day, it’s all about patient outcomes and how to improve the delivery of care, so this kind of IoT adoption in healthcare brings opportunities that can be life-changing, as well as simply being operationally sound. Why Medical IoT Devices Are at Risk There are a number of reasons why medical IoT devices are at risk.

IoT 100
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Outdated business apps can cloud your AI vision

CIO Business Intelligence

Customer concerns about old apps At Ensono, Klingbeil runs a customer advisory board, with CIOs from the banking and insurance industries well represented. Banking and insurance are two industries still steeped in the use of mainframes, and Ensono manages mainframes for several customers.

Insurance 108
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5 Incredible IoT Applications In Civil Engineering

Smart Data Collective

As the Internet of Things (IoT) becomes smarter and more advanced, we’ve started to see its usage grow across various industries. Adoption is certainly ramping up, and the technologies that support IoT are also growing more sophisticated — including big data, cloud computing and machine learning. IoT can turn that around.

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