by James Taylor | Mar 25, 2019 | AI, Business Intelligence, Business Re-Design, Business Rules, Decision Management, Insurance, Predictive Analytics
Nancy Casbarro and Deb Zawisa of Novarico recently published a new paper on Data Science in Insurance: Expansion and Key Issues subscription required) that was summarized in this nice little article on Dig-in 3 challenges facing insurers in data science...
by James Taylor | Feb 27, 2019 | Business Process, Business Rules, Decision Automation, Decision Management, Insurance, Predictive Analytics
Matt Josefowticz wrote a great piece recently – Technology May be the Answer for Insurers, but What Was the Question? In this he argues that there are only three levers of value in insurance: 1. Sell More 2. Manage Risk Better (aka underwriting and...
by James Taylor | Feb 25, 2019 | Business Process, Decision Management, Insurance
To keep processing costs low, many insurance carriers have a goal to increase the percentage of their claims that can be processed and decisioned with no human decision-making involved. This is called increasing the rate of straight-through processing (STP). Perhaps...
by James Taylor | Nov 13, 2018 | Business Intelligence, Business Process, Business Rules, Decision Automation, Decision Management, Decision Modeling, DMN, Insurance
80% of data and analytics leaders with global life insurance and property & casualty carriers surveyed by McKinsey reported that their analytics investments are not delivering high impact. What’s stopping them from delivering high impact? 38% of those surveyed...
by James Taylor | Aug 29, 2018 | Business Rules, Decision Automation, Decision Management, Decision Modeling, Digital Business, Insurance, Marketing, Predictive Analytics
A key way for insurers to respond to disruption in the insurance market is to more effectively personalize their marketing. Targeting prospects and especially customers with unique, personalized messages is a way for traditional carriers to be “disruptive”. Indeed...
by Meri Gruber | Mar 3, 2018 | Business Rules, Decision Modeling, Digital Business, Insurance, Predictive Analytics
Learn how to deliver data-driven claims handling decisions to maximize straight-through processing and minimize risk. Free 30′ Express Webinar This webinar has taken place – slides and recording are available on SlideShare. A claims handling pilot delivers...
