Stuart Rose

5月 112016

“All for one and one for all” is best known as the motto from “The Three Musketeers”, but this phrase could easily sum up the growing trend in social brokers. With advanced analytical techniques like generalized linear modeling insurance companies have created more granular pricing structures. But despite the assertions […]

The post How social brokers is changing insurance appeared first on The Analytic Insurer.

4月 262016

Over the years I have written many blogs about insurance fraud including those on anti-money laundering, data quality in fraud, anti-fraud technology, life insurance fraud and even ghost broking.  It’s clear that insurance fraud comes in many shapes and sizes and as losses continue to grow, detecting and preventing fraud […]

The post 10 simple steps to detect more insurance fraud appeared first on The Analytic Insurer.

4月 132016

Insurance is a tough marketplace, but in many respects reinsurance is tougher! Today, the reinsurance industry is faced with an unprecedented number of challenges especially with what appears to be an increasing frequency and severity of man-made and natural catastrophes. To combat these challenges, reinsurers are turning to technology for […]

The post Innovation in reinsurance – no longer an oxymoron appeared first on The Analytic Insurer.

3月 242016

One of colleagues often asks me “What’s new in insurance”. For an industry that is risk adverse, change does not come easily. In the past we have discussed innovations concerning telematics, drones, wearables devices and even weather data. However when he asked me last week and I responded that the […]

The post Back to basics appeared first on The Analytic Insurer.

2月 122016

A recent survey by Capgemini found that 78% of insurance executive interviewed cited big data analytics as the disruptive force that will have the biggest impact on the insurance industry. That’s the good news. The bad news is that unfortunately traditional data management strategies do not scale to effectively govern […]

The post Big data – game changer for insurers. appeared first on The Analytic Insurer.

1月 212016

The role of insurance is to bring some predictability, manageability and stability in what is in essence, a chaotic and uncertain world. So as we head into 2016, what are the big issues for insurers in the next 12 months? Below is just a selection of some of these issues: […]

The post Risk and rewards for insurers appeared first on The Analytic Insurer.

10月 302015

Similar to claims fraud, money laundering is seen as a victimless crime, and often glamorized in movies and books. Think “The Wolf of Wall Street” and “Scarface”. But money laundering is a SERIOUS problem. According to a 2013 report, the United Nations Office on Drugs and Crime estimates that $1.6 […]

The post Unromancing the crime – Using analytics to pinpoint suspicious activities appeared first on The Analytic Insurer.

10月 122015

Customer intelligence will help an insurance company deepen its customer insights, choreograph its customer interactions and continuously improve its marketing performance. Unfortunately for all the progress made in recent years on customer relationship management and getting to know customers better, insurance companies are still not focusing on customers as much […]

The post Putting customers and analytics at the centre appeared first on The Analytic Insurer.