How to address insurers' challenges by providing AI and machine learning to streamline a customer centric pricing process.
How to address insurers' challenges by providing AI and machine learning to streamline a customer centric pricing process.
Most insurance companies depend on human expertise and business rules-based software to protect themselves from fraud. However, people move on. And the drive for digital transformation and process automation means data and scenarios change faster than you can update the rules. Machine learning has the potential to allow insurers to
Foi em Dezembro de 1991 que a relação do SAS e a Fidelidade começou, na altura entre o representante do SAS em Portugal e a Bonança, mais tarde integrada no que é hoje a Fidelidade, sendo que em 1995 e já com o SAS Portugal, foram assinados dois licenciamentos, um
Os novos paradigmas resultantes da introdução de novas tecnologias e da alteração de comportamentos e hábitos de consumo, resultam em forças esmagadoras que pressionam as indústrias a alterações substanciais na forma como trabalham e interagem com os seus clientes. A área dos Seguros não é exceção e movimentos de consolidação
Insurance companies are working hard to renew their business models. A huge part of that is a modernised approach to actuarial practice, but why and how? I asked my colleague, actuary Diego Rivas. The insurance business looks like a smooth, calm river from the outside. Is that image misleading? DR:
A relação do SAS com a AGEAS Seguros, outrora AXA Portugal, começou há cerca de 20 anos, com o objetivo da então líder mundial em proteção financeira poder aceder a bases de dados e criar uma Data Warehouse. Estava assim dado o primeiro passo para uma relação de confiança e
Some say that the insurance industry is a long, quiet river on which stately steamships cruise. Others say it is a shark tank where only the strongest survive. Which is right? The answer is both. The insurance market is clearly mature, with a limited scope of action for individual players.
"Hello, Mr Kaiser!" Remember him? At least our dear German readers will: From the 1970s to the early 2000s he came to our living room before every newsreel. As the insurance representative of the nation, he embodied trust, closeness and fairness. Whether property, casualty or motor vehicle insurance, Günther Kaiser
In my previous post, I suggested that it was possible to provide a road map that would help with the introduction of artificial intelligence, advanced analytics and machine learning into insurance companies. This post outlines the process. Start at the beginning The first area to address is applications where the
The increased availability of data is opening up a new world of analytics to insurance companies. There are both new sources of data and also increased volumes of information, and together, these are being used to generate insights and influence decision making. This post, the second in a series on