Insurance is a means of protection against financial loss and a form of risk management used to hedge against uncertain contingencies. Big data analytics can greatly improve the claims processing process in the insurance industry. Here are six ways in which it can be used: Fraud Detection: Big data analytics can improve the detection of
The emergence of smart, connective technology in automotive industry had introduced innovations such as Connective and automated vehicles (CAVs) and connected car. From advanced features that help drivers make payment for parking and purchasing through a drive through to entertainment experience and even safety features where vehicles are using sensors to avoid collision, these innovations
Background Information The Client is wholly-owned by The Client’s banking and financial group under a conglomerate. The company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development. The group’s shares are listed on stock exchanges of Malaysia, Singapore, Hong Kong, Manila and Europe. It has a business in General
Background Information The Client is a multinational banking and financial services corporation headquartered in Europe. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks
The COVID-19 pandemic and its resulting economic crisis are hitting the insurance industry worldwide. The economy for the majority, if not all of the nation remain tough for the next few years. It disrupts and forms new behavior changes in the global scale in the short period of time. As most of the industries and
We are in the in era for digital transformation (DT), lot of existing business model ceased to be working anymore like in the past. For those who proactive and adapting to the change (and let go the past), the are undertaking massive digital transformation an embarking in the digitlization journey to hope so continue to
In a world around digital information, an electronic health record is a natural extension of what we expect in our lives, digital transformation from paper based health record to digital record. However, easy access to data is just the most basic benefits of eHR technology. Professionals in clinical information disciplines – especially those earning their
Digital disruption in insurance happen in speed of light. Few years back, we never hear the term InsureTech, but now in digital transformation (DT) era, it suddenly being widely spread popular trend just like FinTech for the banking industry. For the very core of the insurance, property-and-casualty (P&C) claims process once you can fully digitalize and
Introduce insurance for Smart Cars technology is nothing new. Introduction of Smart Vehicles and driverless is no longer and idea in future but it already release in this year 2019 by General Motors because they plan to release its own driverless vehical, which has no steering wheel or pedals, for commercial ride services, along with other
The insurance industry is in search of growth and efficiencies with technology often in the middle. Technology can improve our productivity, disrupt our value chain, create new risk management opportunities, and open up new insurance markets through innovations. InsurTech is a global phenomenon and one of the fastest growing entrepreneurial industry segments. Innovative technologies disrupting
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