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Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit www.adlittle.com

FINNOVATING

Finnovating is a Matching as a service platform that enables X-Techs from all around the word to connect , collaborate and get the funding they need to grow from investors and corporations globally. The Finnovating platform is a space were the key players of the Tech industry can connect together easily and boost global Tech innovations.

SØNR

Sønr is the world’s most comprehensive source of innovation intelligence. It is a subscription platform used by some of the best known insurance companies globally.

It tracks millions of companies around the world and provides insight on the latest market trends, the startups and scaleups reshaping the industry, and intelligence on how other big insurers are innovating.

Sønr includes a suite of tools designed for teams to better collaborate and connect. From recording meetings to capturing and sharing Notes, to being able to track and share activity across the company using Watchlists and CRM boards.

The platform is backed up by a team of consultants, researchers and analysts who support clients in discovering and creating new business opportunities.

Advanced analytics for insurance – An EY report

Article Synopsis :

Two of the current challenges facing insurers are intensifying competition and waning customer loyalty. Insurers are continuously looking for ways to differentiate in order to meet customers’ expectations of personalised experience. They have started acknowledging that ‘business as usual’ is not an option and real time analytics can help them overcome challenges and encourage faster decision making.

 The Digital Insurer reviews EY’s Report on Advanced analytics for insurance

Real time analytics can speed up decision making

In the report titled “Advanced analytics for insurance” E&Y showcases how infusing advanced analytics capability into an insurer’s DNA allows them to identify new growth opportunities while simultaneously protecting and optimising their enterprise. As per the report three things that insurers need to succeed are:

1. Whole brain analytics – an advanced analytics method
2. Industry led analytics – integrated into the business value chain
3. Contemporary analytic capabilities – the right skills, information architecture and tools:

Link to Full Article:: click here

Digital Insurer's Comments

In the report the author rightly points out – “Bringing rational and emotional thinking together delivers new insight, allowing you to solve complex business issues and find new growth opportunities”.

Once implemented properly advanced analytics can help insurers in the following key areas:

1. Existing customer retention and new customer acquisition with innovative product design
2. Effective claim handling and management
3. Better risk management and fraud detection
4. Optimisation of distribution channels

Link to Source:: click here

 

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