Posts Tagged ‘analytics’



May 9th, 2018

Digitizing the Risk Function is a Strategic Imperative

Posted at 1:00 AM ET

As organizations navigate unpredictable economic headwinds, a rapidly-evolving technology landscape and shifting socio-political and regulatory trends, risk management is becoming an increasingly crucial function. In order for the risk function to properly manage the uncertainty ahead, it is crucial that it recognize the large technology dividend to be gained by leveraging three key capabilities: data, analytics and process automation.

Despite budgetary constraints and lack of support from senior management, the long-term benefits of these technologies both for the risk function and the organization will greatly outweigh their initial costs. “Targeting a Technology Dividend in Risk Management,” a new report from the Marsh & McLennan Companies Asia-Pacific Risk Center and the Pan-Asia Risk and Insurance Management Association (PARIMA), explains the why and how of digitizing the risk function.

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March 20th, 2018

Automobile Liability Market Update & Loss Trends Analysis

Posted at 1:00 AM ET

For most U.S. property and casualty insurance companies, automobile liability line performance has typically been one of the major factors adversely impacting overall profitability in recent years. Since the economic crisis of 2008, combined ratios for the auto liability line have steadily deteriorated, putting pressure on carriers to advance strategies to reverse this trend. These strategies need to be developed in order to address the major components that negatively impact auto liability loss ratios - inadequate rates for the risk assumed and marked increases in both frequency and severity of loss.

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February 28th, 2018

Predictive Analytics Most Likely to Increase Risk Management Efficiency

Posted at 1:00 AM ET

Predictive analytics is a technology being used at some organizations-and being evaluated at others-to manage risk within Treasury and Finance. Two-thirds of survey respondents believe that this technology will increase risk management efficiency.

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January 30th, 2018

Automobile Liability Market Update & Loss Trends Analysis

Posted at 10:00 AM ET

thumbanilFor most U.S. property and casualty (P&C) insurance companies, automobile liability (auto liability) line performance has typically been one of the major factors adversely impacting overall profitability in recent years. Since the economic crisis of 2008, combined ratios for the auto liability line have steadily deteriorated, putting pressure on carriers to advance strategies to reverse this trend. These strategies need to be developed in order to address the major components that negatively impact auto liability loss ratios - inadequate rates for the risk assumed and marked increases in both frequency and severity of loss.

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November 7th, 2017

Insurers Challenged by Forces of Technology Disruption

Posted at 4:00 AM ET

Here we review recent GC Capital Ideas posts on the need for the insurance industry to come to terms with the forces of technological disruption challenging their business models.

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October 15th, 2017

Just Say “Know” to Insurtech - GC@PCI Commentary

Posted at 1:30 PM ET

claude-yoder-cropClaude Yoder, Global Chief Innovation and Product Development Officer

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  • As insurtech offerings proliferate, to gain the advantages promised, companies need to know the opportunities afforded; know their own strengths and capabilities for engagement; and know their clients’ needs and expectations
  • Insurtech is the evolutionary next step for insurance through the combination of data, analytics and technology in new and innovative ways
  • Capturing information in real time through sensors or mobile devices is the newest process for the collection of data for analytics

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October 4th, 2017

Guy Carpenter Appoints Claude Yoder to Lead Global Innovation and Product Development

Posted at 7:00 AM ET

Guy Carpenter & Company is pleased to announce the appointment of Claude Yoder as Managing Director and Global Chief Innovation and Product Development Officer, effective September 18.

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June 15th, 2017

Analytics: Fueling Risk-Informed Decisions: Part III: Strategic and Risk Capital Management

Posted at 1:00 AM ET

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Tim Gardner, President, North America

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Insurers who rely on strategic risk and capital management analytics to optimize their return on capital require a proactive capital management strategy that is in line with Own Risk and Solvency Assessment (ORSA), rating agency objectives and/or management’s internal capital adequacy benchmarks. To support this objective, a wide variety of tools and solutions are available to help measure capital adequacy - from deterministic models to licensable enterprise-level dynamic financial modeling solutions that advance a company’s ability to measure risk, profit and capital to optimize returns.

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June 14th, 2017

Analytics: Fueling Risk-Informed Decisions: Part II: Portfolio Analytics

Posted at 1:00 AM ET

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Tim Gardner, President, North America

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With robust portfolio analytics, including advanced actuarial and catastrophic risk modeling, insurers are able to manage portfolio risk with confidence. Notable new portfolio-based models are being used for emerging areas such as casualty catastrophe and cyber risk assessment. Significant advances in sub peril modeling, such as for flood, have also transformed previously non-modeled perils into modeled perils, greatly improving knowledge and underwriting decisions in many regions.

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