Keyword
Data
Industry urged to get high-quality data into the hands of decision-makers
December 4, 2020 by Adam MalikGetting consistent, high-quality scientific data into the hands of decision makers can protect people from the fallout of bad choices leading up to a catastrophe, such as what’s happened in Fort McMurray, Alta., a catastrophic data expert says. But it…
5 must-haves for your brokerage data system
December 3, 2020 by Jason ContantBeing able to collect better data regarding sales and customer behaviour are obvious reasons to upgrade the data system at your brokerage, but there are other benefits, Vancouver-based P&C insurance consulting firm Smythe Advisory said in a blog published Tuesday.…
Cyberattack targets Montreal health agency, forcing it to go offline
November 2, 2020 Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – A Montreal health agency has been forced off-line as authorities deal with a cyberattack. Quebec Health Minister Christian Dube said Thursday that specific attacks hit systems at the regional health agency covering west-central Montreal, which oversees the Jewish…
Why culture is so important for data-driven companies
February 14, 2020 by Jason ContantThe biggest obstacles to creating data-based businesses aren’t technical, they’re cultural, said David Waller, a partner and head of data science and analytics for Oliver Wyman Labs. “It is simple enough to describe how to inject data into a decision-making…
Who do you trust?
February 1, 2020 by David GambrillAn Ontario resident approached a direct writer for an auto insurance quote in March 2005. A new customer, the man gave the insurer his name, date of birth, vehicle information and property information. Upon receiving the quote, he took his…
When data rules supreme, leadership fails: claims execs
January 28, 2020 by Adam MalikData is a tricky balancing act: You need it to make sound decisions, but if the numbers become the be-all and end-all, it can lead to some pretty questionable corporate behaviours and leadership decisions. “Data is dangerous without context,” Bryant…
Data collection itself won’t turn you into Spotify – how using the data might
January 23, 2020 by David GambrillThere will come a time when data-enabled learning, as featured in artificial intelligence, will become a “table stakes” component of P&C insurance products — but collecting mass amounts of consumer data won’t always give your company a competitive advantage. Who…
Data to the rescue
January 2, 2020 David Gambrill, Editor in ChiefWitness to three hard markets, Greg McCutcheon, president of Opta Information Intelligence, tells how advanced analytics can predict the winners and losers in today’s hard market
Ignoring this could leave brokers on the outside looking in
December 16, 2019 by Adam MalikBrokerages that want to get ahead don’t need to look any further than one important tool: Data. And to ignore it means not only falling behind but falling off the map entirely, one expert warns. To not just provide a…
One collateral benefit of IFRS 17
November 14, 2019 by Jason ContantInsurers who go beyond just mere compliance with IFRS 17 into data optimization are reaping the benefits, including expanded capabilities with advanced analytics, machine learning and artificial intelligence, speakers said Wednesday at an industry event. The rich dataset collected from…
Washing away Z-codes
October 10, 2019 Monica Hanna, Business Solutions Delivery Lead, CSIOCarriers have made significant strides in ridding their systems of nefarious Z-codes. Here’s an update on their mop-up operations….
Ransomware: should your client pay the demand?
September 11, 2019 by Jason ContantIf your client suffers a ransomware attack, should they pay the ransom to get their systems up and running again? And if they do pay, does that guarantee the cyber criminals who locked down the systems in the first place…