Keyword
Data
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…
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…
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…
One way to minimize double entry of data
June 19, 2019 by Jason ContantOne question often on the minds of brokers is how do they better digitize their processes and minimize the amount of data they have to enter into various systems. “Our position is that data should be created in a digital…
How AI can connect the dots between your systems
April 26, 2019 by Jason ContantArtificial intelligence (AI) should be used to “connect the dots” between different data silos and decisions made within an insurance company, Charles Dugas, head of insurance at Element AI, said last week. The goal is to develop a system that…
Why brokers need to take ownership of data
April 11, 2019 by Jason ContantBrokers need to take ownership of the data they collect to personalize and improve the customer experience, a speaker suggested Tuesday at the CIP Symposium in downtown Toronto. “For the brokers in the room, how does your client feel if…
How innovation changes the underwriter’s job
March 6, 2019 by Greg MeckbachTechnology and data will change the underwriter’s job but will not eliminate it, suggests Russell Johnston, chief executive officer for North America of QBE Insurance Group Limited. “At the end of the day, people still make the decisions,” Johnston said…
Canadian P&C industry enters “hybrid cloud” phase
July 24, 2018 by David GambrillCanadian P&C insurance companies have entered a transitional technology phase that will see data from their legacy systems get transferred online. “We are in a hybrid-cloud paradigm,” Frank Attaie, vice president of cloud and software at IBM Canada, told Canadian…