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. We are also testing it with engineering. 1 is enabling secure, stable systems. That’s the defensive side.

Insurance 120

Insurance Experimentation Testing Technology 120

Decision Management Solutions

MARCH 25, 2019

Nancy Casbarro and Deb Zawisa of Novarico recently published a new paper on Data Science in Insurance: Expansion and Key Issues subscription required) that was summarized in this nice little article on Dig-in 3 challenges facing insurers in data science implementation. 1 – Getting business buy-in. 2 – Attracting talent.

Insurance 75

Insurance Data Science Testing Modeling 75

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. As AI technologies continues to mature and use cases expand, insurers should not shy from the technology.

Insurance 68

Insurance Risk Testing Data Quality 68

CIO Business Intelligence

DECEMBER 30, 2024

The company says it can achieve PhD-level performance in challenging benchmark tests in physics, chemistry, and biology. He expects the same to happen in all areas of software development, starting with user requirements research through project management and all the way to testing and quality assurance.

ROI 141

ROI Software Modeling Interactive 141

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. Meanwhile, in December, OpenAIs new O3 model, an agentic model not yet available to the public, scored 72% on the same test.

Software 143

Software Risk Enterprise Cost-Benefit 143

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

O'Reilly on Data

SEPTEMBER 19, 2023

You can see a simulation as a temporary, synthetic environment in which to test an idea. Millions of tests, across as many parameters as will fit on the hardware. A number of scholars have tested this shuffle-and-recombine-till-we-find-a-winner approach on timetable scheduling. Specifically, through simulation.

Machine Learning 339

Machine Learning Testing Modeling Cost-Benefit 339

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. In stark contrast to experiences with large consumer-goods websites, people often struggle to find the information and forms they need on insurance sites.

Insurance 52

Insurance Testing Interactive Analytics Technologies 52

O'Reilly on Data

JANUARY 28, 2019

But what about the insurance companies? But absent government regulation to prevent health insurance companies from using data about preexisting conditions, individual consumers lack the ability to withhold consent. The outcome might not be what you want, but you've agreed to take the risk. Consent, to put it bluntly, does not work."

Insurance 247

Insurance Metadata Data Collection Marketing 247

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. Payload DJs facilitate capturing metadata, lineage, and test results at each phase, enhancing tracking efficiency and reducing the risk of data loss.

Insurance 169

Insurance Metadata Data-driven Data Quality 169

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

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.” Formalize ethics and bias testing. Develop and implement automated tests to identify biases in AI models, ensuring that models align with ethical standards and fairness criteria.

Insurance 83

Insurance Risk Data-driven Finance 83

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

O'Reilly on Data

OCTOBER 11, 2022

Selenium , the first tool for automated browser testing (2004), could be programmed to find fields on a web page, click on them or insert text, click “submit,” scrape the resulting web page, and collect results. But the core of the process is simple, and hasn’t changed much since the early days of web testing. What’s required?

Data Integration 353

Data Integration Insurance Dashboards Data-driven 353

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

O'Reilly on Data

MAY 18, 2020

If our model generates false negative predictions for tumor detection, organizations could combine automated imaging results with activities like follow up radiologist reviews or blood tests to catch any potentially incorrect predictions—and even improve the accuracy of the combined human and machine efforts. How Material Is the Threat?

Risk 364

Risk Modeling Data Processing Reporting 364

CIO Business Intelligence

MARCH 4, 2025

Beyond AI and robots: Emerging deep tech shaping industries today AI and robotics are the headliners, but other deep tech fields are rapidly reshaping industries: Quantum computing: Banks and investment firms are testing quantum algorithms for portfolio optimization and risk analysis, seeking breakthroughs classical computing cant achieve.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

CIO Business Intelligence

JUNE 17, 2022

Put your knowledge to the test. Sourabh Chatterjee, president and head of technology, digital sales, and travel at Bajaj Allianz General Insurance, says, “At the end of the day, it is the content, faculty, and case studies of a course that cumulatively open the mind. I take hands-on responsibility of a particular aspect of a project.

Insurance 122

Insurance IT Data Science Advertising 122

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

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. The context tests us and it’s necessary to reinvent ourselves every day.”

Insurance 128

Insurance Digital Transformation Interactive Sales 128

Smart Data Collective

MARCH 31, 2022

As for what steps can be taken to maximize productivity and improve workflow management at an accounting with AI, consider the following tried and tested suggestions: Identify all business processes (the work) and rank them in accordance with their necessity and value to the firm.

Machine Learning 131

Machine Learning Insurance Finance Cost-Benefit 131

CIO Business Intelligence

MARCH 18, 2024

Digital operational resilience testing : Sets out guidance for testing of existing recovery strategies to identify potential vulnerabilities. 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

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

Smart Data Collective

JANUARY 17, 2020

This can help keep allergies, history, test results, and any other essential information completely accessible. With the collection of patient health records, insurance records, and even lab results, Big Data algorithms can be programmed to look for risk factors that might indicate a future disease.

Big Data 135

Big Data Insurance Risk Testing 135

Smart Data Collective

MARCH 7, 2021

After educating the employees about cybersecurity & cyberattacks, your job is to test how they fare. Cybersecurity Insurance. Cybersecurity insurance can help you tremendously. It’s the same as traditional insurances. Therefore, being covered by cybersecurity insurance can aid you during these times.

Big Data 136

Big Data Insurance Data Processing Software 136

O'Reilly on Data

OCTOBER 22, 2020

banking, insurance, etc.), That said, the risks involved require a very careful evaluation of the processes used to generate, test, and deploy those models, particularly in cases where there are significant public risks involved in any of the aforementioned steps. “If I found this can be a difficult question to ask.

Consulting 363

Consulting Risk Cost-Benefit Modeling 363

CIO Business Intelligence

APRIL 23, 2024

To stay out of harm’s way, charter a few harmless initiatives — ones that aren’t likely to succeed, will pass the cool test if, in the off chance, they do happen to succeed, but won’t do much damage if they fail. Insurance: You know how this plays out.

Risk 116

Risk IT Insurance Risk Management 116

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. Then suddenly they’re testing out new features for us and coming up with ideas. Insurance is a difficult one, though, because it’s a regulated market.

Insurance 105

Insurance B2B Modeling Machine Learning 105

Smart Data Collective

MAY 10, 2022

Backtesting refers to testing trading models based on historical data. Insurance entails protection against risks no matter how low the probability of them occurring. Individuals and enterprises buy insurance policies, and the regulated firms selling these policies consider risk profiles to determine their prices.

Marketing 128

Marketing Technology Insurance Machine Learning 128

CIO Business Intelligence

APRIL 12, 2022

When the COVID-19 pandemic hit, it shook every industry to the core, but especially and dramatically affected health insurers. In addition, they faced an onslaught of claims and initial uncertainty about cost and payments for antibody testing, evolving treatments, and, later, vaccines.

Insurance 52

Insurance Technology Management Cost-Benefit 52

Dataiku

APRIL 1, 2024

Innovation is difficult to achieve within insurance firms as evidenced by excessive levels of paperwork and processes customers are required to complete to make a claim or sign up for a new policy.

Insurance 45

Insurance Experimentation Testing 45

O'Reilly on Data

MARCH 23, 2023

It’s by far the most convincing example of a conversation with a machine; it has certainly passed the Turing test. The last time I had to deal with an insurance issue, I’m not sure I ever talked to a human, even after I asked to talk to a human. The real tests will come when these models are connected to critical systems.

IT 348

IT Modeling Testing Risk 348

CIO Business Intelligence

AUGUST 20, 2024

The window treatment company, with 17 direct employees and franchises in 35 states, is now beta testing a small language model created with Revscale AI. A constellation of AIs AI-as-a-service may be another model for SMBs, says Matthew Marolda, chief innovation officer at Acrisure, a large insurance broker and financial services company.

Risk 131

Risk Cost-Benefit Insurance ROI 131

CIO Business Intelligence

MAY 1, 2024

Organic growth Some of Microsoft’s original test customers have already moved from pilot to broad deployment. And commercial insurance is a vertical Docugami CEO Jean Paoli says has been an early adopter, including statements of value, certificates of insurance, as well as policy documents with renewal dates, penalties, and liabilities.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

JUNE 7, 2022

Prescriptive analytics is a type of advanced analytics that involves the application of testing and other techniques to recommend specific solutions that will deliver desired outcomes. Analytics has helped the company reduce the testing time for any given new material from 10 days to about two hours.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

CIO Business Intelligence

APRIL 15, 2022

MIT Technology Review has chronicled a number of failures, most of which stem from errors in the way the tools were trained or tested. First, people of color are more likely to have lower incomes, which, even when insured, may make them less likely to access medical care. In a statement on Oct. In a statement on Oct.

Analytics 145

Analytics Machine Learning Insurance Testing 145

CIO Business Intelligence

JUNE 22, 2023

Aerospace and defense It likely comes as no surprise that there’s a high demand for engineers in the aerospace and defense industry including avionics, systems, AI, software, network, quality assurance, robotics, radio frequency (RF), simulation, flight test, and manufacturing engineers. Average salary: US$115,940 Increase since 2021: +6.8%

IT 122

IT Insurance Recreation/Entertainment Consulting 122