insurance

12月 142016
 

The insurance industry is becoming increasingly focused on the digitalization of its business processes. There are many factors driving digitalization, but it’s clear that a reliable and meaningful database is the basic prerequisite successful digitalization strategy. Insurance companies are increasingly prioritizing digitalization, not because this issue is currently "in," but […]

Drivers for the digitalization of insurance was published on SAS Voices.

9月 072016
 

In many ways financial services is about risk management. Regulatory pressures such as BCBS 239, stress-testing, IFRS9, Solvency II and the Fundamental Review of Trading Book have hugely strengthened that focus. But there are other concerns too. Cost pressures are increasingly important, as is the rise of challengers to the […]

Disrupting risk management: how financial models are changing was published on SAS Voices.

6月 022016
 

Insurers are embracing digital to meet the demands of modern consumers. And, of course, there are obvious benefits to them from less costly, more streamlined interactions with their customers. The trouble is that digitisation comes with a major health warning: Unless insurers put suitable measures in place, they're at risk […]

Insurers beware: Fraudsters love digital! was published on SAS Voices.

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.

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.

3月 162016
 

Nothing works today without an efficient data management – also in insurance business. A standard data model can be an important component of it. This article explains why. “Make or Buy”? This question has been raised very often by insurance companies planning to introduce a consistent data structure – a […]

The post Faster, easier, safer: a standard data model for insurance appeared first on The Analytic Insurer.