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.

Artificial Intelligence 75

Artificial Intelligence Insurance Risk Personal data 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. Usage risk—inaccuracy The performance of an AI system heavily depends on the data from which it learns.

Insurance 68

Insurance Risk Artificial Intelligence Government 68

IBM Big Data Hub

JUNE 26, 2018

In this Q&A, IBM financial services solution architect Irina Saburova discusses an insurance use case with IBM Data Science Marketing Lead Rosie Pongracz.

Data science 73

Data science Insurance Financial Services Marketing 73

Information Management Resources

APRIL 15, 2019

Big data offers ample opportunities, but also increases security concerns because online data is so much more vulnerable to cyber attacks.

Big data 41

Big data Insurance Security 41

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

Insurance 68

Insurance Financial Services Compliance Retail 68

Security Affairs

JANUARY 17, 2022

.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

Communications 132

Communications Financial Services Big data Retail 132

The Guardian Data Protection

JUNE 11, 2018

Fair Vote Project , a British activist group that is campaigning for changes to UK election rules, has launched the legal action against Eldon Insurance and a Bristol-based software development group, Big Data Dolphins. Related: Arron Banks refuses to appear before Commons committee Continue reading.

Mining 98

Mining Big data Insurance 98

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 Cloud Digital transformation Customer Experience 56

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 Compliance Cloud 53

Data Matters

MAY 9, 2019

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

Insurance 68

Insurance Blockchain Big data Risk 68

CGI

SEPTEMBER 30, 2015

Insurer Hosted Pricing – getting (and staying) ahead of the curve. The pace of business and the pressure of market change are substantial challenges for insurers. For hard-pressed intermediated insurers, Insurer Hosted Pricing (IHP) could be the answer. p.butler@cgi.com. Thu, 10/01/2015 - 01:51. Add new comment.

Insurance 40

Insurance Big data Marketing Risk 40

CGI

FEBRUARY 28, 2017

Insurers’ digital focus is looking through the wrong ‘lens’. Read any article on digital insurance and it seems to me that it is all about the insurers! Big data, fraud reduction, improved risk ratios, cross product customer engagement are common themes in the trade and advisor “blogsphere”. harini.kottees….

Insurance 40

Insurance Big data IoT Manufacturing 40

CGI

MARCH 23, 2016

The trend toward pay-as-you-drive insurance. Almost every insurance company is currently working on providing pay-as-you-drive insurance. Insurance based on driving behavior can be very attractive for both the insurer and the insured. With this data, it’s possible to assess risks more precisely.

Insurance 40

Insurance Risk Big data Marketing 40

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Cybersecurity 88

Data Matters

DECEMBER 11, 2018

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.

Insurance 68

Insurance Paper Risk Big data 68

CGI

JUNE 27, 2018

Innovative Solutions to Real Business Problems with Big Data from Space. 10 Petabytes of free Earth observation (EO) data is generated by the Copernicus Programme every year. The big data produced by EO holds huge potential for the creation of innovative solutions across many different markets. p.butler@cgi.com.

Big data 40

Big data Energy and Utilities Marketing Agriculture 40

Data Matters

SEPTEMBER 3, 2020

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

Insurance 68

Insurance Paper Artificial Intelligence Big data 68

Bill Schmarzo - Dell EMC

FEBRUARY 14, 2018

If you complete the full Fluvastatin prescription, then we’ll reduce your monthly healthcare insurance payment by 5%.”. Check out “ The New Normal: Big Data Business Model Disintermediation and Disruption ” for more details on business model disruption and customer disintermediation. Figure 4: Optimizing the Customer Lifecycle.

Artificial Intelligence 102

Artificial Intelligence Analytics Customer Experience Big data 102

Data Matters

AUGUST 24, 2018

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

Insurance 60

Insurance Big data e-Delivery Risk 60

Bill Schmarzo - Dell EMC

APRIL 4, 2018

Figure 1: “Driving Business Strategies with Data Science: Big Data MBA” Because in our evolving world, successful digital transformation will be the difference whether a business survives or wilts in the modern economy. Customer Events could include planning a vacation, buying a house, or purchasing insurance.

Digital transformation 98

Digital transformation Big data Marketing Artificial Intelligence 98

Everteam

MAY 29, 2019

This solution automates the iFile approval cycle, alerts & escalations, used in different types of industries such as Insurance companies, financial institutions, HR departments… Additionally, this solution enhances employee performance by reducing time spent on processing and responding to incoming requests from different resources.

Artificial Intelligence 75

Artificial Intelligence Insurance Metadata Big data 75

erwin

APRIL 11, 2019

Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS).

GDPR 100

GDPR Compliance e-Discovery Metadata 100

AIIM

NOVEMBER 13, 2017

Why would an insurance customer accept submitting data for an insurance claim in paper and then waiting for days/weeks as in the past. Petra Beck : The exponential growth of what can be described as data chaos, or “big data” doesn’t allow workarounds. Consumerization drives these changing requirements.

Digital transformation 107

Digital transformation B2C Insurance Paper 107

IBM Big Data Hub

OCTOBER 11, 2018

James Wade, Director of Application Hosting at Guidewell and IBM Analytics Hemanth Manda spoke with Dave Vellante in New York City on the eve of the 13 September taping of the Win with AI digital broadcast about the challenge of getting data ready for AI and how IBM Cloud Private for Data can help.

Insurance 74

Insurance Analytics Cloud 74

Data Matters

SEPTEMBER 4, 2019

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

Insurance 68

Insurance Paper Risk Big data 68

John Battelle's Searchblog

FEBRUARY 4, 2014

Whether tracking potential shoplifters or big spenders, commercial facial recognition in the physical world using “Faceprints” is becoming a reality. When Big Data Marketing Becomes Stalking — Scientific American. Kate Crawford argues for data broker ethics to address the current power imbalance.

Artificial Intelligence 69

Artificial Intelligence Insurance Big data Marketing 69

Data Matters

DECEMBER 20, 2019

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

Insurance 60

Insurance Risk Artificial Intelligence Privacy 60

Data Matters

DECEMBER 20, 2019

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

Insurance 60

Insurance Risk Artificial Intelligence Privacy 60

CGI

MAY 5, 2015

Aux États-Unis, « le consentement » selon la loi américaine HIPAA (« Health Insurance Portability and Accountability Act ») résiste à certains types d’utilisation des données massives. La première consiste à dépersonnaliser les données et l’autre à obtenir le consentement des individus pour l’utilisation de leurs données.

Big data 40

Big data Insurance Communications 40

Information Management Resources

FEBRUARY 1, 2018

Insurer's chief data officer says the goal was to increase scalability and automation of mission-critical information.

Big data 29

Big data Cloud Insurance 29

Bill Schmarzo - Dell EMC

FEBRUARY 20, 2018

I wanted to drill into this “1% edge” to not only verify the number, but to further understand how the “1% edge” might apply to organizations trying to effectively leverage data and analytics to power their businesses (see “ Demystifying the Big Data Business Model Maturity Index ”). Verifying the 1% Edge.

Analytics 85

Analytics Big data Insurance Marketing 85

John Battelle's Searchblog

DECEMBER 9, 2013

. “Millions of dollars have been spent on technologies that allow advertisers to chase consumers across the Web in order to sell them shoes and insurance. ” HP Lovecraft on Big Data – The Atlantic. Book Related ELSE 3d printing big data bitcoin Google nsa' The post 12.9

Big data 66

Big data Government Insurance Libraries 66

Information Management Resources

JUNE 17, 2019

Launched in New Jersey, the insurers’ first foray into the line of business focuses on reducing friction in the buying process.

Big data 28

Big data Insurance Analytics 28

CGI

MAY 12, 2015

Cependant, l’utilisation aux fins de recherche des données personnalisées des patients est traitée selon des contraintes beaucoup plus sévères, en vertu du fait qu’elles sont « conçues pour développer ou contribuer à des connaissances généralisables. ».

Big data 40

Big data Insurance Communications 40

Information Management Resources

SEPTEMBER 18, 2019

It doesn't take a flashy application for digital data to revolutionalize insurance, panelists say.

Insurance 29

Insurance IT Big data 29

AIIM

APRIL 12, 2022

The classic example is the insurer that won’t pay for care that a doctor determines a patient needs. Insurers are about profit; doctors are about delivering the best care. With collaborative videoconferencing: Low-income patients without insurance can use the Emergency Room less often. You manage your data if it’s digital.

Computer and Electronics 104

Computer and Electronics Insurance Marketing Paper 104

Information Management Resources

DECEMBER 15, 2017

Commercial insurer partners with insurtech SizeUp, helping entrepreneurs maximize profits.

Insurance 29

Insurance Big data Analytics 29