Cloudera

OCTOBER 28, 2021

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Another historic example is crop and livestock insurance in Germany in the 1700s.

Insurance 100

Insurance Risk Unstructured Data Data-driven 100

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

Alation

APRIL 13, 2021

He shows how Texas Mutual Insurance Company has embraced data governance to build trust in data. Through the Snowcase program, we highlighted how Snowflake and Alation help joint customers with data governance in the insurance industry. In this blog, Chris shows how Snowflake and Alation together accelerate data culture. In Conclusion.

Insurance 98

Insurance Data Governance Data-driven Metrics 98

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

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

Jet Global

JANUARY 8, 2021

Whitepaper: How to Compare Reporting & BI Solutions. How an Operations Dashboard Can Streamline Your Reporting. As such, insightsoftware has created a specialized reporting software that is compatible with almost any ERP and uses the data to create custom KPI dashboards. Download Now. Staffing Operational Metrics.

Metrics 131

Metrics Manufacturing Reporting KPI 131

Jet Global

APRIL 14, 2021

This post will explain why you should be using healthcare KPIs, the top 25 healthcare KPIs and metrics to use in your 2021 reporting, how each KPI is calculated, and how you can use a healthcare dashboard to streamline your reporting process. As such, it is strongly recommended to include these in your healthcare reporting solution.

Metrics 98

Metrics Reporting KPI Insurance 98

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. anticipate cutting jobs.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

Occam's Razor

JANUARY 4, 2021

Like you, I consume a whole lot of reports every day – company data, public data. Just yesterday I was quietly seething because none of visuals included in the report contained any context to understand if the performance I was looking at was good or bad. Even if the report has hidden gold. Sometimes repeatedly.

Reporting 113

Reporting Analytics Metrics Visualization 113

Rocket-Powered Data Science

FEBRUARY 12, 2021

Repetition implies that the same steps are repeated many times, for example claims processing or business form completion or invoice processing or invoice submission or more data-specific activities, such as data extraction from documents (such as PDFs), data entry, data validation, and report preparation.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

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

Cloudera

SEPTEMBER 7, 2023

The Danger of Black-Box AI Solutions We believe the best, most pragmatic solution for AI in financial services and insurance is what we call–“Trusted AI.” Enable reporting to internal teams about the statuses of AI projects. Facilitate communication between stakeholders. Step up to advanced AI oversight.

Insurance 86

Insurance Risk Data-driven Finance 86

datapine

MAY 6, 2022

These can be the reduction of errors by automating manual reporting and analysis. Linking purchase orders to bills of lading plus relevant insurance documents and insurance paperwork helps you file claims more quickly when something goes wrong. Increase scans and verification. Carve out the time you need to oversee operations.

Management 229

Management Sales Insurance Dashboards 229

Smart Data Collective

DECEMBER 19, 2022

As soon as the billers receive the necessary information, they prepare a claim for the insurance company. Fortunately, cloud technology has helped make it more efficient, as a recent report by McKinsey indicated. Code patient reports correctly. What Are the Benefits of Cloud-Based Medical Billing Technology? Superbill Creation.

Software 125

Software Technology Insurance Cost-Benefit 125

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

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

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 Cost-Benefit 150

Smart Data Collective

OCTOBER 3, 2023

In reports, these codes are used to streamline processes like billing and processing health insurance claims. When doctors and other healthcare professionals provide care and treatment to patients, they write reports to indicate the type of services they provide. RN coders can be very helpful in this regard.

Data Strategy 125

Data Strategy Strategy Insurance Data-driven 125

datapine

AUGUST 19, 2020

Explore our modern reporting software for 14 days, completely free! Explore our modern reporting software for 14 days, completely free! These costs can include warehousing costs, insurance, employee costs as well as damages of goods, rent, utilities, etc. Explore our modern reporting software for 14 days, completely free!

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

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

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

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. Both Wiedenbeck and the new CIO report to the executive office, consisting of the CEO and the president/COO.

IT 130

IT Insurance Cost-Benefit Risk 130

CIO Business Intelligence

FEBRUARY 20, 2024

Sensitive personal and medical information can be used in multiple ways, from identity theft and insurance fraud to ransomware attacks. Patient data represents a treasure trove for hackers. It’s little wonder that data theft is increasingly common in the healthcare sector.

Risk 122

Risk Insurance Measurement Strategy 122

CIO Business Intelligence

MAY 17, 2024

An unprecedented spike in tech hiring between 2019 and 2021 further complicates today’s market, as many tech companies “flush with cash” hired “beyond their needs solely to keep them from being hired by rivals,” according to the 2024 Dice Tech Salary Report.

IT 136

IT Insurance Reporting Manufacturing 136

Cloudera

SEPTEMBER 22, 2022

Insurance carriers are always looking to improve operational efficiency. According to a recent McKinsey report , digitized underwriting can improve loss ratios three to five points. IoT examples such as telematics-based travel or car insurance enable a very personalized insurance policy (more on this in a prior post ).

Analytics 105

Analytics Insurance IoT Risk 105

CIO Business Intelligence

APRIL 23, 2024

Although the total number of deals declined in 2023 compared to the previous year, the average deal size remained constant, the report said. Many of the large deals were signed in the Nordics, including the Danske Bank and Infosys contract and the LahiTapiola Mutual Insurance and CG deal, which further fueled the growth in the region.”

Management 123

Management IT Enterprise Uncertainty 123

CIO Business Intelligence

JUNE 22, 2023

Here are the 10 industries with the highest tech salaries, and how much they’ve increased in value since 2021, according to the 2023 Dice Tech Salary Report. Consulting firms are increasingly turning to tech talent to help build in-house platforms, according to the report from Dice. Average salary: US$131,995 Increase since 2021: 0% 2.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

CIO Business Intelligence

MARCH 18, 2024

Reporting of major ICT-related incidents : Regulation defines how organizations will need to classify and report ICT-related security incidents moving forward. DORA puts a heavy focus on financial organizations in the EU – from banks to insurance companies – but those are not the only businesses that will need to adhere to the policy.

Risk Management 120

Risk Management Insurance Risk Testing 120

CIO Business Intelligence

DECEMBER 9, 2024

According to NTT DATAs Global GenAI Report , 97% of CEOs expect a material impact from the technology and 99% of respondents are planning more GenAI investment, even though only 43% of the C-suite strongly agree their existing solutions are meeting expectations. [1] NTT DATAs Global GenAI Report now. [1]

Technology 98

Technology Insurance Interactive Reporting 98

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk. Well, sort of.

Insurance 91

Insurance Data Architecture Risk Management Risk 91

CIO Business Intelligence

DECEMBER 9, 2024

According to NTT DATAs Global GenAI Report , 97% of CEOs expect a material impact from the technology and 99% of respondents are planning more GenAI investment, even though only 43% of the C-suite strongly agree their existing solutions are meeting expectations. [1] NTT DATAs Global GenAI Report now. [1]

Technology 98

Technology Insurance Interactive Reporting 98

Smart Data Collective

MARCH 31, 2022

It can accomplish this in a number of ways, such as reviewing past performance reports and error rates on certain projects to figure out which employees you should delegate to. Machine learning technology can help in this area by determining the skills different employees have in handling different tasks.

Machine Learning 118

Machine Learning Insurance Finance Cost-Benefit 118

Juice Analytics

JUNE 2, 2022

It also wants to convince existing customers that they made the right decision in choosing State Farm for their insurance. Reporting is more than a feature of your product, it is an opportunity to remind customers of the value your solution provides. Reporting is your opportunity answer these key questions and define what matters.

Broadcasting 138

Broadcasting Visualization Reporting Metrics 138

CIO Business Intelligence

NOVEMBER 27, 2024

By eliminating time-consuming tasks such as data entry, document processing, and report generation, AI allows teams to focus on higher-value, strategic initiatives that fuel innovation. With the rise of AI and data-driven decision-making, new regulations like the EU Artificial Intelligence Act and potential federal AI legislation in the U.S.

Data Governance 132

Data Governance Risk Insurance Metadata 132

Smart Data Collective

MAY 3, 2021

Have you sat down and imagined a day where you do not have an office to report to, a boss to be bossed around by, and the freedom to work as per will? It also saves cost as they need not promise you with legal requirements of insurance coverage, paid vacations, or investing in excess worker capacity.

Big Data 129

Big Data Data mining Cost-Benefit Insurance 129

CIO Business Intelligence

AUGUST 10, 2023

Lack of liability insurance can leave you exposed You might be thinking that your company will defend you for liability, and you might be right if your company has liability coverage for its officers, and you are an officer. But does your company have liability insurance for its executives? No, it does not. “D&O

Insurance 97

Insurance Risk Management Reporting 97

Cloudera

AUGUST 12, 2021

A 2020 retention report by the Work Institute revealed that over 42 million employees in the US left their jobs voluntarily in 2019, and this trend appeared to be increasing. One of the more obvious use cases of data’s role in reducing risk is insurance policies.

Data-driven 112

Data-driven Manufacturing Insurance Risk Management 112