How is an oil company like a farm, a bank, an insurance company or a retail manufacturer?

Perhaps I should have titled this post, "Riddle me this Batman..."   Bam! Zap! etc....  now back to our regular scheduled blog post, where we explore the many lessons that can be learned from one industry to the next. Let's start with one of the easier comparisons: How is an […]

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Asking new questions - and finding answers - with data visualization

Kimberly Holmes doesn't want to put any limits on what analytics can accomplish at XL Group plc. As the Head of Strategic Analytics, Holmes recently selected SAS Visual Analytics to help the global insurance and reinsurance operations at XL Group meet that lofty goal. We spoke with her at a recent […]

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Leveraging big data for financial services, insurance, telco and more

Lots of buzz around SAS High-Performance Analytics in the news lately!  In case you missed it, here are a couple of great reads: In the latest issue of BAI Banking Strategies, SAS CTO Keith Collins talks about leveraging data with high-performance analytics.  He explains that financial institutions need to deploy […]

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Resolutions for the UK insurance industry in 2012

After all the Christmas parties and new year dinners are over, many would like to forget embarrassing behavior or over-indulgences of the season. By way of putting all that behind, it’s not uncommon for most to start the year by embracing a sober regime, diet and even a few New […]

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Is it fraud or abuse?

When discussing fraud and abuse, it often (very often) becomes a philosophical discussion of whether aberrant activities are fraudulent or abusive. The quick difference being that fraudulent is intentional and abuse is not.  The distinction quickly becomes an issue of legal and illegal as opposed to right and wrong. What […]

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The future of fraud investigation is information based

In many ways, the early 1990s were the heyday of Special Investigation Units (SIU) for insurance companies, says Tim Wolfe, Director of Special Investigations for CNA, a commercial property and casualty insurance provider. Around that time, states started requiring companies to report suspicious claims and insurers increased staff to meet those […]

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Holy analytics, Stat-Man!

Tomorrow I was going to go visit one of our insurance clients. I was really looking forward to the meeting – a chance to share experiences with a strategic analytic team. Unfortunately, I got an e-mail from the team’s administrative assistant: “I’m sorry, but so-and-so needs to cancel. An important […]

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Business & IT: Making decisions together - in Canada!

I’ve been hanging out in Canada again, eh? Just last week, I snuck over the border to meet with some of our insurance customers in the Greater Toronto Area (affectionately known as “GTA”). This was my fifth trip this year and I’m pleased to say that not only have I […]

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Turn that frown upside down!

Summer has almost come to a close – and thank goodness! Up here in the Northeast, we’ve been subjected to tornadoes, hurricanes, floods and earthquakes. I’ve been waiting for the locusts to descend! And outside of dodging hail and charging my laptop with my car’s cigarette lighter when we lost […]

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Case study: One insurer's business continuity management plan

A midsize regional health insurer with approximately 3,000 employees across 10 locations in the Western United States created a role for a business continuity manager (BCM) reporting to the chief operating officer. In this organization, the enterprise risk management (ERM) functions, established in 2004, are owned by the chief legal […]

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