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Insurance

Analytics

The Relationship Between Insurance Companies and Insurtech

Michael RabinNovember 14, 2018 0

It’s Complicated: The Competitive, Coexisting and Cooperative Relationships Between Insurance Companies and Insurtechs

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

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Data Management | Internet of Things

Jeanne (Hyunjin) ByunNovember 9, 2018 0

사물인터넷(IoT)은 보험 산업을 어떻게 발전시킬까요? ‘인슈어테크’ 실현을 위해 고려해야 할 5가지 과제

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Artificial Intelligence | Customer Intelligence

Why analytics alone can’t deliver customer-centric insurance

Paul RidgeOctober 16, 2018 0

Why analytics alone can’t deliver customer-centric insurance

Enterprisewide analytics and AI have the power to prepare insurers for a customer-centric future and transform the relationship with policyholders. But will only a handful realise that their current approach to analytics leaves them poorly prepared for the challenge? As I noted in my previous post, success in the new

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Analytics | Artificial Intelligence | Machine Learning

Rhett ScheelOctober 15, 2018 0

Bühne frei für KI und Machine Learning im Gesundheitswesen!

Krankenversicherung und neue Technologien – geht das zusammen? Auf alle Fälle! Und das User-Group-Treffen „Analytik in der Krankenversicherung“, das kürzlich in Leipzig stattfand, hat es unter Beweis gestellt. Diese von den Gesundheitsforen Leipzig ausgerichtete Veranstaltung ist ein sehr informatives Forum, auf dem sich analytische Fachexperten aus der Gesetzlichen Krankenversicherung (GKV)

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Health Care | Insurance

Artificial Intelligence | Machine Learning | Programming Tips | Risk Management

Sian RobertsOctober 9, 2018 0

Deep learning for numerical analysis explained

Deep learning (DL) is a subset of neural networks, which have been around since the 1960’s. Computing resources and the need for a lot of data during training were the crippling factor for neural networks. But with the growing availability of computing resources such as multi-core machines, graphics processing units

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Banking | Insurance

Analytics

Implementing the Insurance Distribution Directive: unleashing analytics to enhance customer protection

Federica Ballerini

Federica BalleriniSeptember 25, 2018 0

Implementing the Insurance Distribution Directive: unleashing analytics to enhance customer protection

The EU’s new Insurance Distribution Directive (IDD) comes into force in October this year, and will regulate how insurance products are designed and sold across the EU. The thinking behind the directive is both to provide fairer competition in the market place and to improve the protection available to customers.

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Fraud & Security Intelligence | Machine Learning

Hidden Insights: Are Your Ducks Barking? Spotting insurance fraud

Adam GoldsmithSeptember 24, 2018 0

Are Your Ducks Barking? Spotting insurance fraud

What on earth am I talking about? Spotting insurance fraud, of course! An ex-colleague of mine used to aptly describe the traditional rules-based methods of spotting fraud as “if it walks like a duck and talks like a duck, it’s probably a duck.” This is, of course, true to a

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Analytics | Data Visualization | Programming Tips

Robert AllisonSeptember 24, 2018 0

River flooding in North Carolina from Hurricane Florence

Here in North Carolina, a hurricane recently moved very slowly across our state, causing major flooding, and even closing miles of interstate highways for longer than a week. There is data available online for gauges along the river (or gages, as they call them), but I doubt many people know

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Government | Insurance

Advanced Analytics

Implementing the Insurance Distribution Directive: the role of analytics

Alena Tsishchanka

Alena TsishchankaSeptember 20, 2018 0

Implementing the Insurance Distribution Directive: the role of analytics

The Insurance Distribution Directive (IDD) comes into force in October this year. It is expected to have a wide-ranging impact on the insurance industry, because it fundamentally changes the focus of insurers from products to customers. This requires a radical rethink about how insurers do business. And as companies from

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Analytics

Michael RabinSeptember 10, 2018 0

InsurTechs: Konkurrenz, Koexistenz oder Kooperation?

Versicherer gehören zu den Spätstartern in Sachen Digitalisierung – selbst im Kundenservice, wo sich die digitale Vernetzung förmlich aufdrängt. Oft spielt dabei die Unternehmensgröße und die damit verbundenen festgefahrenen Strukturen, Legacy Systeme und Prozesse eine große Rolle. Sie macht es auch schwer, auf neue Trends spontan zu reagieren. Und dann

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Analytics

Per HelmarkSeptember 4, 2018 0

Skærpede krav kan ses som en mulighed for liv- og pensionsbranchen

Af Per Helmark, Aktuar, SAS, og Kristian Juul Schomacker, Product Manager, Edlund A/S Skærpede europæiske krav til liv- og pensionsbranchen har fået Finanstilsynet til at præcisere, hvordan hensættelsesmodellering under Solvens II skal foretages her i Danmark. Meldingen fra Finanstilsynet er klar: Man skal lave fremregning af balancen ved brug af

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Analytics | Data Management

Obligation or opportunity? Rethinking IFRS 17

Lee ThorpeAugust 29, 2018 0

Obligation or opportunity? Rethinking IFRS 17

Every cloud has a silver lining, especially in insurance. The upcoming International Financial Reporting Standard 17 (IFRS 17) regulation is certain to unsettle the industry. However, to ignore the bright side would be a big mistake. Achieving compliance is not only for satisfying regulators, it can be a competitive advantage

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Advanced Analytics | Artificial Intelligence

How ‘young savages’ are stirring innovation in insurance

Andreas BecksAugust 29, 2018 0

How startups are stirring innovation in insurance

In the Cologne district of Mülheim, not far from Keupstrasse with its oriental charm of doner restaurants, baklava, cafés and mosques, and next to old brick halls, concert halls and television studios, lies Carlswerk, a large former industrial area that has been transformed by the arrival of both new and

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Analytics | Risk Management

Jeanne (Hyunjin) ByunAugust 28, 2018 0

새 국제회계기준 ‘IFRS 17’ – IT 및 아키텍처 구축 방법

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Advanced Analytics | Analytics

Jeanne (Hyunjin) ByunAugust 21, 2018 0

새 국제회계기준 ‘IFRS 17’ – 회계 패러다임의 변화

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Analytics

GastbeiträgeAugust 16, 2018 0

Versicherungsbranche: Da geht noch was!

Digitales Kundenmanagement in der Versicherungsbranche bringt Verbesserungen in Sachen Umsatz, Kosteneffizienz und Kundenzufriedenheit. Doch wird die Kundenansprache in der Versicherungsbranche längst noch nicht konsequent digitalisiert und wertorientiert gestaltet, obwohl die Technologie dafür vorhanden ist. Versicherungen, die auf ein wertorientiertes digitales Kundenmanagement verzichten, gehen jedoch bis zu 20 Prozent des potenziellen

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Analytics | Risk Management

Enzo Roccasalva

Enzo RoccasalvaAugust 2, 2018 0

IFRS 9: Aspectos claves a considerar sobre la normativa

SAS Expected Credit Loss es la plataforma integral y modular de SAS que permite atender los requerimientos de IFRS 9: desde la gestión de datos, el modelado y la estimación del deterioro hasta la previsión, la contabilidad y la generación de informes. Adicionalmente, ayuda a las organizaciones a implementar una

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Banking | Insurance

Analytics | Risk Management

Thorsten HeinJuly 31, 2018 0

IFRS-17-Architektur: ein Systemansatz

Nach den ersten beiden Beitragen zum Thema IFRS-17-Umsetzung (Teil 1 und Teil 2) geht es nun ans „Eingemachte”: die Architektur und die Systeme, die für eine 100-prozentige Erfüllung der Richtlinie benötigt werden. Voraussetzung ist eine enge Zusammenarbeit zwischen den verschiedenen Abteilungen, darunter Bestandsverwaltung, Rechnungswesen, Aktuariat und IT. Rund um die IFRS

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Analytics | Risk Management

IFRS 17 and IT: A solution approach

Thorsten HeinJuly 26, 2018 0

IFRS 17 and IT: A solution approach

IFRS 17 will mean major changes for insurers. My previous blog post discussed questions that would need to be considered about accounting and financial impact, as well as how to manage stakeholders. This post considers implementation, and particularly questions about IT. IFRS 17 is not due to come into force

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Analytics | Risk Management

Thorsten HeinJuly 26, 2018 0

IFRS 17 und IT: ein Lösungsansatz

Welche einschneidenden Veränderungen IFRS 17 für Versicherer unter anderem für das Rechnungswesen und die Finanzabteilung mit sich bringt, habe ich in meinem vorangegangenen Blogbeitrag erläutert. Ein weiterer wichtiger Aspekt ist die Implementierung von Technologie, die bei der Umsetzung der Richtlinie hilft, und damit verbundene spezifische IT-Fragen. Die Richtlinie tritt doch erst

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Analytics

InsurLab Germany in Köln

Andreas BecksJuly 25, 2018 0

Innovation in der Versicherungswirtschaft: Wie „junge Wilde“ den Laden aufmischen

Im Kölner Stadtteil Mülheim und unweit der Keupstraße mit ihrem orientalischen Charme aus Dönerrestaurants, Baklava, Cafés und Moscheen, neben alten Backsteinhallen mit Konzertsälen und Fernsehstudios liegt mit dem Carlswerk eine große ehemalige Industriefläche, die mittlerweile zum Gewerbegebiet mit vielen jungen und etablierten Unternehmen, Restaurants und Freizeitmöglichkeiten geworden ist. Im sogenannten

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Analytics | Risk Management

IFRS 17 architecture: A systems approach

Thorsten HeinJuly 18, 2018 0

IFRS 17 architecture: A systems approach

This is the third blog post in a series on IFRS 17 implementation and what insurers need to consider. This one discusses questions about architecture and the importance of a systems approach to provide end-to-end coverage. Getting the architecture right for IFRS 17 implementation will need strong collaboration between different

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Analytics | Risk Management

Thorsten HeinJuly 16, 2018 0

IFRS 17 – ein neues Paradigma im Rechnungswesen

Der neue International Financial Reporting Standard (IFRS 17) stellt Versicherer vor Veränderungen, wie sie die Branche selten zuvor erlebt hat. Die Vorgaben sollen die Transparenz im Finanzberichtswesen verbessern und außerdem eine Grundlage für die Vergleichbarkeit mit anderen Branchen schaffen. Analysten und andere Branchenspezialisten haben diese Vergleichbarkeit schon seit langer Zeit

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Advanced Analytics

Hidden Insights: IFRS 17: A new accounting paradigm

Thorsten HeinJuly 10, 2018 0

IFRS 17: A new accounting paradigm

IFRS 17 is a once-in-a-lifetime-change for insurance companies. It provides a set of new rules to improve the transparency of financial reporting in insurance companies, comparable to those of other industries. This will be a welcome change for analysts and other stakeholders, who have wanted this for a very long

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Analytics | Internet of Things

Jeanne (Hyunjin) ByunJune 27, 2018 0

보험 업계, 사물인터넷(IoT) 데이터로 예방 기반의 비즈니스 모델 도입

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Advanced Analytics | Internet of Things | Machine Learning

How IoT and machine learning will disrupt risk in Animal Insurance

Adam GoldsmithJune 25, 2018 0

Steak & chips - how IoT and machine learning will disrupt risk in Animal Insurance

On the face of it, a partnership between the Internet of Things (IoT) and animals is not an obvious one. However, a number of trials and larger-scale implementations of IoT use with household pets and in farming are showing that connected ’Smudge’ and ‘Daisy’ can provide real benefits. This should

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Analytics | Data Management

IFRS 17 – the long road to compliance

Lee ThorpeJune 21, 2018 0

IFRS 17 – the long road to compliance

When your industry is going to be turned on its head by something, the sooner you can start planning – or at least thinking about it – the better. The new International Financial Reporting Standard 17 (IFRS 17) will come into force in January 2021, and it’s set to completely

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Analytics | Data for Good | Data Visualization

Robert AllisonJune 5, 2018 0

Where is that volcano in Guatemala?

You've probably seen in the news that a volcano erupted in Guatemala recently. But do you really know much about this volcano, or even where it's located? Hopefully this blog post will get you up to speed on your volcanology! Pictures of a recent volcano erupting in Hawaii show slow-moving

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Government | Insurance | Travel

Analytics | Fraud & Security Intelligence

SAS Insurance Fraud and AML Business Breakfast

Orsolya KaszaMay 22, 2018 0

New technologies in fraud detection on the menu of the Hungarian Fraud Business Breakfast

Combating insurance fraud and anti-money laundering have always been among the key challenges of the insurance industry. Therefore, the opportunity speaks for itself: SAS has great solutions to overcome these issues, only the proper occasion to display these to the target group needed to be identified.

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