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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.

Leveraging Advanced Analytics and Optimizing Big Data – Wipro Report

Article Synopsis :

Shifting demographics and customer behaviours, emerging risks, and new forms of competition all influence insurer strategy. Increasingly, senior management is leveraging data analytics to inform not only strategic but operational decision-making.

 The Digital Insurer reviews Wipro’s Report on Leveraging Advanced Analytics and Optimizing Big Data

Advanced analytics are moving beyond strategy to operational decision-making

In “Leveraging Advanced Analytics and Optimizing Big Data”, Wipro touts the value of data analytics in operational decision-making and provides examples of analytics use cases specific to the insurance industry. Per the report, the ability to deliver data-driven decisions in the following core operational areas is becoming critical:

  • Leveraging underwriting/pricing and big data for risk-based pricing and improved risk selection
  • Capturing customer sentiment, buyer behaviors, product affinity models, and segmentation
  • Improving operational efficiencies through cost reduction, activity-based costing, automation, and reporting
  • Preventing claims leakage and fraud and capturing enhanced service improvement metrics
  • Enhancing commission, channel and distribution effectiveness using multiple data points

The report’s analysis and use cases are organized around six “key themes” for business analytics:

  • Customer analytics
  • Operational analytics
  • Commission analytics
  • Underwriting/pricing analytics
  • Claims analytics
  • Analytics-enabled IoT

Link to Full Article:: click here

Digital Insurer's Comments

Taken together, the six themes identified and discussed in this report cover every aspect of your typical insurer—which, we think, is the point. No part of your business is safe from a competitor with more data and superior means of analysis.

With data volumes exploding (to an estimated 44 trillion gigabytes by 2020, per Google) from sources ranging from toothbrushes to smartphones to automobiles, insurers must find a way to not only capture meaningful data, but manage and analyse it to some defined strategic end. Where to start? This report breaks the problem down into manageable chunks.

Link to Source:: click here

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