We recently had some severe storms come through North Carolina, which even spawned a tornado in Wake county (the county where I live and work). This got me wondering when and where we've had tornadoes in NC in the past ... and, of course, I had to create a map!
Nach Lust und Laune scheinen Versicherer die Jahresprämien ihrer Policen in schöner Regelmäßigkeit zu erhöhen. Wenn der zweimal gefalzte Brief so unschuldig im Kasten auf Öffnung wartet, möchte man am liebsten gar nicht reinschauen. Michael Rabin, Versicherungsexperte mit analytischem Weitblick, hat sich bereit erklärt, hier und jetzt eine Lanze für
“In God we trust, all others must bring data” - Dr. W. Edwards Deming En el mundo de los sommelier se denomina cata a la acción encaminada a examinar, valorar, comparar o identificar vino (te o café, etc.) mediante el empleo de un análisis realizado con nuestros sentidos: es lo
SAS, “금융 리스크 전문가 81%, 인공지능(AI) 기술 효과 누려” 프로세스 자동화·신용 평가·데이터 클렌징 분야에서 가장 큰 AI 도입 효과 나타나 응답자 절반 이상(52%) AI 활용 기술 격차 체감 2019년 4월 24일, 서울 – 세계적인 분석 선두 기업 SAS(www.sas.com/korea)와 국제재무위험관리전문가협회(GARP, Global Association of Risk Professionals)가 발표한 ‘금융권 리스크 관리 분야의 인공지능
I recently saw an interesting graph that showed the number of motor vehicle crash deaths has been going down. The graph showed deaths per mile. That's a good statistic, but I wondered whether there were other ways to look at the data? An Interesting Graph Here's the graph, from an
El fraude en seguros siempre ha existido, presentándose de diferentes maneras para adaptarse a cada época. Hoy en día, la magnitud del fraude en seguros no solamente es sorprendente, sino que aumenta. Las actividades fraudulentas prevalecen a lo largo de todo el ciclo de vida de la póliza. A medida
El uso de herramientas de analítica avanzada permite a las organizaciones desplegar capacidades de “Customer Decisioning” para entregar a sus clientes una experiencia de consumo excepcional, gracias a una mayor relevancia en cada interacción. En la actualidad, los clientes esperan una experiencia perfecta, altamente personalizada y relevante ya sea en
Si reconoces que el análisis de datos es fundamental para el éxito de tu organización, entre el 28 de abril y el 1 de mayo tienes que estar en Dallas, Texas, la sede del evento más importante del ámbito de la analítica avanzada. ¿Qué motivos justificarían el viaje? Podríamos señalar
Flooding has been in the news the past few days, and that makes me want to analyze some data! I hang out at Jordan Lake (here in central North Carolina) a lot, so I decided to download the data for that lake, and do a graphical analysis. If you're interested
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
En mi opinión, sommelier no es un título, es un oficio. No se aprende, se vive... Un sommelier es un experto en vinos, él conoce de variedades y sabe cuál se adapta a cada menú. A lo largo del tiempo el concepto de sommelier evolucionó y se aplica a otros
Versicherungen arbeiten intensiv daran, ihre Geschäftsmodelle zu erneuern. Ein modernisiertes Aktuariat spielt dabei eine Schlüsselrolle. Warum? Das habe ich meinen Kollegen und ausgebildeten Aktuar Diego Rivas gefragt. Das Versicherungsgeschäft wirkt von außen wie ein langer, ruhiger Fluss. Trügt der Schein? Heute – eindeutig ja. Der Markt ist längst gesättigt, und
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
Im vorangegangenen Blogbeitrag bin ich darauf eingegangen, welchen geschäftlichen Nutzen die IFRS-9-Umsetzung für Banken haben kann – abgesehen davon, die Aufsichtsbehörden zufriedenzustellen. Die gleiche Frage stellt sich Versicherern vor dem Hintergrund von IFRS 17. Bis vor Kurzem war die Bilanzierung von Versicherungsverträgen denkbar einfach. Die meisten Accounting-Standards erfordern keine speziellen
El tiempo corre; se aproxima cada vez más la entrada en vigor de IFRS 17 (International Financial Reporting Standard). No obstante, la decisión de IASB para retrasar 12 meses más la entrada en vigor de esta norma (para el primer día de 2022), las empresas aseguradoras de gran parte del
„Hallo, Herr Kaiser!“ Kennen Sie ihn noch? Von den 1970er-Jahren bis in die frühen 2000er kam er vor jeder Tagesschau in unser Wohnzimmer. Als Versicherungsvertreter verkörperte er Vertrauen, Nähe und Fairness. Egal ob Unfall-, Sach-, Haftpflicht- oder Kfz-Versicherung: Günter Kaiser wusste, was Sache ist. Er war das bekannteste Werbegesicht Deutschlands.
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
Instant insurance, insurance on demand and real-time customer engagement are the buzzwords of the moment. These concepts are also, however, a real breakthrough in the insurance business. They describe new products and services that are strongly oriented to customer needs and follow their evolution throughout the life cycle. These changes
Until recently the approach to accounting for insurance contracts was considerably simple. Most of the existing accounting standards do not require any special processing after estimations are made by actuaries and before they are posted in the general ledger. However, with the arrival of IFRS 17, this will definitely change.
El comienzo de un nuevo ciclo, de un nuevo año, implica el establecimiento de una evolución como persona o negocio. El arranque de 2019 es una buena oportunidad para hacer coincidir la tecnología analítica con los propósitos de su negocio. ¿Desea saber lo que le depara el futuro? ¿Encontrarás las
Die Versicherungsbranche (Aktuariat) ist ein langer, ruhiger Fluss, auf dem träge Dampfer kreuzen. Sagen die einen. Sie ist ein Haifischbecken, das nur die stärksten überleben. Sagen die anderen. Recht haben sie beide. Denn zum einen ist der Versicherungsmarkt ganz klar ein reifer Markt, in dem der Handlungsspielraum für die einzelnen
By now, we're all aware of the seismic shift occurring across industries as a result of the Internet of Things. But do we all see the changes in the same light? From where I sit, there's still a wide gap in viewpoints and perspectives. In its simplest form, we often
The SAS 9.4M6 software includes a new SGPIE procedure (preproduction) as introduced in the recent article - The SGPIE Procedure. In that article, I described the basic features of the two statements supported in the procedure, the PIE and the DONUT, with some examples. It is my humble opinion that
Does loyalty pay in business? Most of us, if asked, would probably say that it ought to do so. Fairness suggests that there should be an element of “you scratch my back, I’ll scratch yours.” In other words, if I remain your customer, you will look out for my interests;
If we look at digitisation projects among insurance companies, the majority are essentially process improvements and cost savings. Processes and costs. These are not exactly “modern” terms. They are more or less precisely the opposite of the usual buzzwords and statements about digitisation and innovation. Does that make them boring
The insurance industry is one of the late starters in terms of digitisation, even in customer service, where digital networking has literally been imposed. This is largely the result of company size and the associated deadlocked structures, plus legacy systems and processes. These make it difficult to react spontaneously to
