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How big data and cognitive computing are transforming insurance – Part 3
In my previous two blogs [here and here], I’ve talked about how cognitive computing and big data present the insurance industry with great opportunities and some challenges. To develop strategies that...
View ArticleImproving Claims Fraud Detection in Insurance
Solutions for analyzing big data can play a critical role in addressing the increasing prevalence of claims fraud. Traditionally, fraud is estimated to account for approximately 10 percent of insurance...
View ArticleEnhancing Catastrophe Risk Modeling in Insurance
Analytics solutions designed to handle the volume and variety of data available today also help insurance companies improve catastrophe risk modeling, through which companies determine the exposure of...
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How to Leverage Insurance Producer and Customer Data
Insurance companies are working to define solutions that support integration across a number of sources to provide a “360-degree view” of producers and policyholders. This single view brings together...
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Big data and analytics for insurance: Make it personal
Insurers investing in the science of data and analytical capabilities can now monetize their data with greater certainty, creating value by customizing one-on-one policyholder interactions and...
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The Internet of Things is driving change in me, and in industry
We certainly live in a connected world. It always amazes me when I see how smarter enterprises are using the highly interconnected, intelligent and instrumented qualities of today’s technology to make...
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Engaging the insurance consumer
I've spent more years than I want to admit on the business side of the insurance industry. In my current role I work on the value that big data and analytics can deliver to an insurer and, in turn, to...
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The clairvoyance of the Internet of Things
Would you want to know about a potential problem before it becomes a real problem? Especially if it saves time and money? I can embrace having that kind of knowledge, but just how does that happen?...
View ArticleRetain policyholders with new predictive analytics solutions
Retaining policyholders is an ever-present concern within the insurance industry. The IBM Behavior Based Customer Insight for Insurance Solution uses analytics to create strategies that can help...
View ArticleHelping insurers forecast risk with data
No one can predict the future for certain, but generating a data forecast could be the next best thing. Register for IBM InterConnect 2016 to discover how IBM and the Internet of Things are changing...
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