CIO Business Intelligence

JULY 31, 2023

Natural disasters have been increasing in frequency, severity, and diversity in recent years, pressuring insurers to be more efficient and to anticipate event and claim fallout. Second, RDA addresses post-NatCat planning to help insurers’ prioritize property inspections. trillion. “If

Insurance 84

Insurance Artificial Intelligence Strategy Resources 84

CIO Business Intelligence

MARCH 4, 2024

In an era of business where every industry requires its stakeholders to be capable of quick pivots and sharp turns, siloed information that ultimately slows decision-making can be the ultimate vulnerability. In this way, data may just be the ultimate disruptor – a fact that the insurance industry knows all too well.

Insurance 84

Insurance Strategy Agile Data 84

CTOvision

SEPTEMBER 11, 2016

Their solutions have been applied across multiple industries, with use cases and reference architectures available for Airlines, Banking, Capital Markets, Government, Healthcare, Insurance, Life Sciences, Logistics, Manufacturing, Oil and Gas, Rail, Retail, Telecommunications and Utilities. For more info see Tibco.com.

Business Intelligence 150

Business Intelligence Airlines Telecommunications Insurance 150

CIO Business Intelligence

DECEMBER 1, 2022

For over 130 years, Hastings Mutual Insurance Company has served and protected its clients throughout the Midwest. In its push to modernize, the regional insurance provider also believed updating its client viewing system to provide a more intuitive, user-friendly experience would benefit its customers and employees alike.

Insurance 95

Insurance Open Source System Policies 95

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 98

Insurance Healthcare System Nonprofit 98

CIO Business Intelligence

MARCH 16, 2022

Insurance companies are no longer only there for their customers in times of disaster. Modern approaches to insurance and changes in customer expectations mean that the insurance business model looks very different than it used to. For many insurers, this means investing in cloud.

Insurance 86

Insurance Cloud Fractional CTO CTO Hire 86

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 Case Study Study System 52

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. Like other businesses, they had to switch to remote working practically overnight. The crisis forced insurers to accelerate a digital-first strategy that many had planned to phase in over several years.

Insurance 52

Insurance Survey Banking Policies 52

CIO Business Intelligence

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. The result, Jeevanjee says, is a technology-driven business strategy “that’s a very empowering thing.” Allstate expects to be up and running in 10 states this year for automobile policies and 19 states for rental insurance. “We

Cloud 135

Cloud Insurance Applications Policies 135

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 we’re suddenly in a position where you can turn that negativity into a positive part of your business. Watch the full video below for more insights.

Insurance 97

Insurance B2B Data Policies 97

mrc's Cup of Joe Blog

SEPTEMBER 20, 2017

Summary: While implementing Business Intelligence can drive revenue and save money, some businesses overlook many of the deployment and ownership costs of BI. In this article, we explore some of the “true costs” of Business Intelligence. The same is true for Business Intelligence.

Business Intelligence 61

Business Intelligence Licensing Training Software 61

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. Automation, and generative AI in particular, can transform the insurance industry, he adds.

Insurance 93

Insurance Healthcare Applications Artificial Intelligence 93

CIO Business Intelligence

SEPTEMBER 20, 2023

With 90 years of history, Mapfre is one of the giants of the Spanish insurance sector. The personalization of services and products is going to be fundamental in the insurance sector,” she says, an aspect she’s spearheading, along with a commitment to data and AI. “The Here, she speaks with Esther Macías on how it’ll all work.

Cloud 93

Cloud Insurance Strategy Data 93

CIO Business Intelligence

JANUARY 25, 2024

Insurance: adding a personal touch to customer service In 2022, the global insurance sector spent $467 million on chatbot technology. Of that sum, the research firm sees insurers gaining $300 billion from customer service chatbots and personalized product offerings. That is projected to reach $4.5

Industry 98

Industry Insurance Banking Healthcare 98

CIO Business Intelligence

APRIL 23, 2024

The steps you need to take to deal with ransomware risks include all four risk/response strategies: They prevent (reduce the odds), mitigate (reduce the damage), and insure you from the worst outcomes (insurance is about sharing the costs). Insurance: You know how this plays out.

Insurance 103

Insurance Architecture Artificial Intelligence Applications 103

CIO Business Intelligence

MAY 24, 2024

The CIO touches everything While Buccola’s evidence of an elevated CIO role is anecdotal, Michael Corrigan, CIO of large insurance broker World Insurance, sees the same trend. All roads lead to IT,” says Corrigan, a veteran of PE-backed firms, with World Insurance backed by Goldman Sachs and Charlesbank.

Fractional CTO 103

Fractional CTO Insurance CTO Strategy 103

CIO Business Intelligence

JUNE 7, 2022

In business analytics, this is the purview of business intelligence (BI). It can be used to reveal structures in data — insurance firms might use cluster analysis to investigate why certain locations are associated with particular insurance claims, for instance.

Data 129

Data Analysis Business Intelligence Open Source 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 75

Insurance Meeting Security Telecommunications 75

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.

Company 113

Company Insurance Artificial Intelligence Applications 113

CIO Business Intelligence

AUGUST 19, 2022

At the outset of the pandemic, Aflac’s independent agent/franchise business looked to be a dead duck. The traditional in-person process of insurance agents meeting with prospective customers to discuss policies, sign paperwork, and load it into the company’s client/server system came to a complete halt. Virtualizing policy enrollment.

Virtualization 93

Virtualization Insurance Policies Data Center 93

CIO Business Intelligence

NOVEMBER 16, 2023

As we think about our next step change in driving business outcomes and competitive advantage for The Hartford, it is really our AI-led transformation. As an insurance company, we are quite data rich, so how do we take that rich data and convert it into valuable insights at scale, at speed, at the fingertips of our decision-makers?

Agile 119

Agile Insurance Enterprise Enterprise 119

CTOvision

JULY 28, 2016

as well as an expansion of its Partnerworks program and a new partnership with AtScale , provider of a self-service Business Intelligence (BI) platform for Hadoop. At Hadoop Summit in San Jose on Tuesday, June 28, 2016, Hortonworks announced a new release of its Hortonworks Data Platform (HDP) Hadoop distribution, version 2.5,

Government 150

Government Security Data Big Data 150

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.

Healthcare 97

Healthcare Data Insurance Licensing 97

CIO Business Intelligence

JUNE 26, 2023

In insurance, the ability of underwriters to forecast the impact of climate change could become a make-or-break issue. 1 [link] 2 [link] 3 [link] 4 [link] 5 [link] Business Intelligence, Data Management Banks and mortgage companies will increasingly need to factor these complex forces into their lending decisions.

Financial 95

Financial Banking Data Analysis 95

CIO Business Intelligence

OCTOBER 11, 2022

They discuss the tech-enabled future of insurance, customer-centric value streams, leveraging data-led strategies and more. Deepa Soni, CIO at The Hartford, joins host Maryfran Johnson for this CIO Leadership Live interview, jointly produced by CIO.com and the CIO Executive Council.

Insurance 80

Insurance Strategy Data 80

CIO Business Intelligence

JANUARY 3, 2024

One of the solutions aimed to improve customer experience and agent efficiency in insurance company contact centers by creating an automated summary of customer-agent calls and chats. One of the features of this solution came from an IBM Consulting hackathon that took place in France in March 2023.

IBM 108

IBM Insurance Artificial Intelligence Cloud 108

CIO Business Intelligence

DECEMBER 7, 2023

In fact, our team has been working with generative and conversational AI in complex professional services applications like insurance, banking, and healthcare for the better part of a decade, and we’ve learned some important lessons along the way. First, it is clear that generative AI will transform business.

Insurance 62

Insurance Artificial Intelligence Training Applications 62

CIO Business Intelligence

NOVEMBER 8, 2023

As such, Kay’s biggest challenge in setting the stage for her digital ambitions — and one that has involved the entire C-suite — has been unifying the IT operations of Principal Financial’s individual businesses units in order to develop an enterprise-wide data foundation and cloud architecture on which to build its next-generation services.

Financial 110

Financial Insurance Cloud Enterprise 110

CIO Business Intelligence

MAY 24, 2022

The company said that IDMC for Financial Services has built-in metadata scanners that can help extract lineage, technical, business, operational, and usage metadata from over 50,000 systems (including data warehouses and data lakes) and applications including business intelligence, data science, CRM, and ERP software.

Cloud 132

Cloud Data Healthcare Financial 132

CIO Business Intelligence

JUNE 17, 2022

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. If I have to remain in the insurance industry, I have to continuously build on my knowledge base.”

Insurance 107

Insurance Course Apparel Information Security 107

CIO Business Intelligence

JUNE 22, 2023

Insurance As insurance companies turn to digital services, the industry has seen growth in demand for IT workers who can help build, deploy, and maintain internal and external apps and services. And as more insurance companies develop client-facing apps and services, there’s a need for UX/UI designers, developers, and engineers.

Industry 116

Industry Project Management Quality Assurance Engineering 116

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.

Insurance 127

Insurance Virtualization Artificial Intelligence Devops 127

CIO Business Intelligence

JANUARY 29, 2024

Gray Nestor, EVP and CIO, Brown & Brown Insurance Brown & Brown Insurance “You have to be willing to give people feedback and examples on a regular basis to drive a different result,” Nestor says.

CTO Hire 122

CTO Hire Insurance CTO Banking 122

CIO Business Intelligence

FEBRUARY 6, 2024

When Matt Postulka left Arbella Insurance Group as deputy CIO at the start of the COVID-19 pandemic, he didn’t intend to look back. Matt Postulka, CIO and VP of IT, Arbella Insurance Group Arbella Insurance Group When the CIO role opened up at Arbella, Postulka’s interest was piqued.

CTO Hire 113

CTO Hire CTO Insurance Banking 113

CIO Business Intelligence

APRIL 25, 2024

An insurance company could procure that data set to support a gen AI application that generates email alerts for customers about an impending weather event. With zero-copy support, the insurance company wouldn’t have to load that weather data into their platform.

Network 105

Network Data Insurance Cloud 105

CIO Business Intelligence

MARCH 18, 2024

While it’s an EU policy with ramifications for EU businesses, the impact will undoubtedly affect businesses worldwide. 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.

Disaster Recovery 98

Disaster Recovery Policies Financial Business Continuity 98

CIO Business Intelligence

SEPTEMBER 20, 2023

And in insurance, according to Alex Cook, Head of Strategic Capabilities at New York Life Insurance Co. The insurer is developing an AI-based tool to help customer service reps better field wide-ranging questions about complex issues.

Insurance 123

Insurance CTO Healthcare Data 123