I cannot speak from experience, but predominately an Insurance CEO has three primary objectives: Grow the business Reduce expenses Ensure compliance. Let’s individually consider each of these objectives in more detail. Grow the Business How does an insurance company grow from a $2bn to a $3bn organization? Essentially, insurance has
What do the following have in common? A homeowner inflates the value of his home entertainment equipment stolen during a robbery. A parent states they are the primary driver for their child’s car. A doctor charges for a non-existent procedure. A construction company underreports payroll or misclassifies an employee’s duties.
The single most costly employee benefit for any organization is health insurance, and the price is going up. From 2003-2009, the costs per hour worked for employee health insurance increased from $1.03 to $2.00. These costs continue to increase from 5%-7% per year. The reality is that employee health insurance costs will continue
Contributed by Rex Pruitt, IFSUG Chairman ~ During SAS Global Forum 2011 in Las Vegas, a small group of users gathered to organize the first IFSUG (Insurance and Finance SAS Users Group). Today, there are more than 370 enrollees in IFSUG Constant Contact, 60 members in the IFSUG LinkedIn group
I feel the experience of participating at SAS Global Forum year after year is like relishing a warm brownie! It’s the same treat but a unique experience every time. Subtle changes in the ingredients can lead to a unique and enhanced flavor. The team behind the scenes works hard to
Unemployment Insurance, mandated by federal statute and administered by states, is designed to provide a temporary safety net for workers who lose their jobs. Due to the recent economic downtown and increase in unemployment, unemployment benefits paid have doubled nationally from $38B in 2008 to $75B in 2009. However, is
Step behind the scenes to see the role of neural networks in detecting payment fraud.
It is no surprise that generative AI (GenAI) is quickly becoming a potent tool in the health and life sciences industry. There are numerous ways that AI and GenAI can help beat the rising tide of fraud. We can count on these new technologies to enable the ability to commit
Insurers are racing to adopt GenAI, despite concerns. See where the industry is headed.
Fearmongers would have you believe that AI will replace us, but I truly believe there has never been a better time in history to be a developer. With the advance of artificial intelligence into generative AI (GenAI) and enhanced computing power, we stand on the brink of a new era
As consumers increasingly embrace a mobile-first lifestyle, businesses across various industries – from retail and banking, to insurance and telecommunications – are under pressure to create personalized and engaging customer experiences. The ability to reach customers through the right channel at the right time is essential for enhancing customer engagement,
Halloween is one of my favorite times of the year – I'm a Halloween enthusiast. It’s a time for spine-tingling thrills, haunted tales and lots of candy corn. But there’s one fear lurking in the shadows that sends shivers down the spines of data scientists, IT leaders and executives alike,
At SAS, we believe that prioritizing employee well-being is the right thing to do for our people, and it also makes good business sense. Now more than ever, as the lines blur between work and life, employee well-being affects how we thrive at work and in our personal lives. We
The commercial real estate crisis is looming for insurers and banks. Learn how AI decisioning can help.
A pandemia trouxe grandes desafios crónicos e específicos à atividade das autoridades tributárias – como os atrasos ou mesmo suspensão do pagamento de impostos, a necessidade da digitalização de processos, o repensar formas de tributar novas atividades resultantes de empresas que começaram então a operar digitalmente, etc. – que exigiram
Learn how SAS and cloud computing can help insurers realize operational and business benefits.
This article shows how to simulate data from a Poisson regression model, including how to account for an offset variable. If you are not familiar with how to run a Poisson regression in SAS, see the article "Poisson regression in SAS." A Poisson regression model is a specific type of
Health care payers stand at a crucial moment in balancing expenses with the imperative of providing high-quality care. Rising medical expenses – driven by new technologies, aging populations and the surge in chronic diseases – present an ongoing challenge. Whether they are insurance companies, government programs or employers, payers must
공공 고객 세미나 통해 공중보건과 공공사회서비스 개선을 위한 해법 제시 SAS코리아는 지난 5월 23일과 24일 양일간 공공 부문 고객들을 대상으로 ‘공중보건 전문가를 위한 SAS Public Health 세미나’와 ‘공공사회서비스 전문가를 위한 SAS Social Services 세미나’를 JW메리어트 호텔에서 개최했습니다. [사진1] 공중보건 전문가를 위한 SAS Public Health 세미나 장면 소외 계층 없이 전
Have you ever heard the saying, “Products that don’t perform won’t be trusted, and products that can’t be trusted aren’t worth the machines they’re coded on”? Maybe not, because I just made it up. But at SAS, as we continue to create products that perform and change the world, we
Imagine for a moment: You’re a single parent working to make ends meet as you balance rent, bills and the cost of living. Add on losing your job. Then, food assistance and health care access become incredibly important to your family. Millions of households receive social safety benefits. In the
There's a lot to gain for insurers that move fast enough to adopt promising applications of trustworthy AI.
The world has come a long way in gender equality over the past one hundred years, but there is still room for improvement. In every journey toward equality, it’s important to have allies to help support and promote unheard voices, which benefits everyone involved. In the fifth post in this
International Women’s Day is an opportune moment to celebrate the achievements of women, specifically those combating climate change with technology. Among the inspiring stories is the women-led team of data scientists known as the StaSASticians, winners of the insurance track of the 2023 SAS Hackathon. No beginner’s luck, just accessible
If your organization aims for longevity, resilience is a muscle you want to build. The 5 Resiliency Rules: Speed and agility Data culture and literacy Curiosity Innovation Equity and responsibility I know resilience has been a hot topic in recent years, and for good reason – it can make or
산업별 당면 문제 해결과 맞춤형 첨단 서비스 제공에 AI 활용도 증가 AI 관련 신규 일자리 창출과 직원 업무 성과 지원, 기업 의사 결정에 긍정적인 영향 줄 것 AI는 이제 더 이상 미래 공상 과학 이야기가 아닌 우리 삶 속의 현실이 되어 버렸습니다. 앞으로 AI 기술은 어떤 모습으로 변화, 발전할
SAS, 권위 있는 Chartis RiskTech 100®에서 2위 기록 새롭게 선보인 ‘행동 모델링’ 및 ‘금융기관을 위한 인공지능’ 포함 7개 부문 수상 AI 및 분석 부문 선두기업 SAS가 리스크 기술 공급업체 상위 100대 기업을 평가하여 순위를 발표하는 Chartis RiskTech 100(차티스 리스크텍 100)에서 종합 2위를 차지하는 동시에, 7개 주요 부문에서 수상하는 쾌거를 거두었습니다.
Katie King has interviewed subjects from many walks of business life for her books: academics, venture capitalists, executives from high-profile brands and telecommunications companies. Among them, one that made a lasting impression was an artist: Ai-Da. King interviewed the artificial intelligence-powered humanoid robot artist for her 2022 book AI Strategy
Stu Bradley discusses the importance of education, diligence and analytics in the fight against fraud.
La industria aseguradora lleva años apoyándose en la Inteligencia Artificial (IA), concretamente en el procesamiento del lenguaje natural (NLP), para automatizar sus procesos más complejos y mejorar así su eficiencia. Sin embargo, con la llegada de la IA generativa y los grandes modelos de lenguaje (LLM) se ha acelerado la
