Technology Trends
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Technology Trends
Orchestrating innovation
The convergence of cloud, open APIs, and digital has opened the door to the next wave of innovation in P&C insurance. This blog focuses on how the orchestration of customer and employee experiences across an ecosystem of solution partners is reshaping the world of insurance.
Vlog: Advice on building a career in data science
What's it like to work in the field of data science? In this vlog, Alan O’Loughlin, data analytics leader for international markets at LexisNexis Risk Solutions describes a typical day in the life of a data scientist and provides practical advice on building a career in data science.
Everest Group enterprise intelligent automation adoption maturity report
This fully comprehensive study of enterprise intelligent automation adoption maturity from respected research firm Everest Group offers actionable insights for intelligent automation strategy and implementation.
Social inflation: Why insurers are losing the analytics race
“Social inflation” is responsible for driving up the cost of claims across a range of lines, ultimately affecting insurers’ profitability. This blog sheds light on what social inflation is and why it’s a growing problem today for insurers.
Insurance claims experience a major factor in loyalty
A large number of policyholders in our LexisNexis Risk Solutions research continue to express cynicism or dissatisfaction with the insurance claims process. This blog highlights some of the key findings including the relationship between insurance claims experience and loyalty.
New data to deal with fire tipping points for better insurance risk classification
For property fire risks we can establish fairly accurate tipping points, which allow the insurance industry to calculate risks, and the ensuing cost of claims, with greater precision. This blog focuses on new data to deal with fire tipping points for better insurance risk classification.
Taking the temperature of the electric vehicle market
The motor insurance industry is currently in a state of flux following the FCA’s price walking ban and the market’s transition to electric and hybrid vehicles. This content sheds light on the emergence of the EV insurance market and the opportunities for motor brokers to stand out from the crowd.
Three approaches for embedding analytics in insurance processes
Remaining competitive and profitable when there are multiple disruptive factors requires a full understanding of the impact on the insurance business, and where you can apply advanced analytics techniques. This blog highlights three approaches for embedding analytics in insurance processes.
As tech and data evolve, insurers can launch more successful marketing campaigns
Insurance technology and data have evolved, making it easier for insurers to understand their portfolios, market segmentation, and targeting efforts. This blog highlights how insurers can move in a targeted, data-driven direction and how to identify lists of potential quality marketing campaigns.
Insurance industry and data science working together: How new data insights come to market
In this interview, Alan O’Loughlin, senior director, head of data science international at LexisNexis Risk Solutions discusses recent changes in how data is being applied in the insurance market, how new insurance insights emerge and whether data demands will shift.