Stuart Rose is the Global Insurance Marketing Manager for SAS. He began his career as an actuary and now has more than 25 years of experience in the insurance industry working for companies in the US, Europe and South Africa. Stuart has written many insurance-related articles and is also the co-author of Executive’s Guide to Solvency II.
A recent survey by Capgemini found that 78% of insurance executive interviewed cited big data analytics as the disruptive force that will have the biggest impact on the insurance industry. That’s the good news. The bad news is that unfortunately traditional data management strategies do not scale to effectively govern
The role of insurance is to bring some predictability, manageability and stability in what is in essence, a chaotic and uncertain world. So as we head into 2016, what are the big issues for insurers in the next 12 months? Below is just a selection of some of these issues:
Similar to claims fraud, money laundering is seen as a victimless crime, and often glamorized in movies and books. Think “The Wolf of Wall Street” and “Scarface”. But money laundering is a SERIOUS problem. According to a 2013 report, the United Nations Office on Drugs and Crime estimates that $1.6
