Data Matters

DECEMBER 11, 2018

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.

Insurance 68

Insurance Paper Risk Big data 68

IBM Big Data Hub

OCTOBER 30, 2023

A leading insurance player in Japan leverages this technology to infuse AI into their operations. Real-time analytics on customer data — made possible by DB2’s high-speed processing on AWS — allows the company to offer personalized insurance packages.

Analytics 83

Analytics Retail Cloud Insurance 83

Data Matters

AUGUST 24, 2018

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

Insurance 60

Insurance Big data e-Delivery Risk 60

IBM Big Data Hub

APRIL 24, 2024

Learn how IBM OpenPages Data Privacy Management can improve compliance accuracy and reduce audit time. The General Data Protection Regulation (GDRP) The GDPR is a European Union privacy regulation that governs how organizations in and outside of Europe handle the personal data of EU residents.

Data Privacy 84

Data Privacy Privacy GDPR Personal data 84

Data Matters

SEPTEMBER 4, 2019

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

Insurance 68

Insurance Paper Risk Analytics 68

IBM Big Data Hub

SEPTEMBER 11, 2023

It slashes Data Warehouse costs by half, grants instant access to all your data in just 30 minutes on AWS, and incorporates a fit-for-purpose data store based on an open lakehouse architecture. Multiple query engines, built-in governance, and hybrid cloud deployment models further elevate its capabilities.

Customer Experience 111

Customer Experience Cloud Data migration Digital transformation 111

IBM Big Data Hub

FEBRUARY 15, 2024

Meanwhile, insurance companies are increasingly declining to provide property insurance in areas vulnerable to extreme weather, leaving homeowners there at greater financial risk. government’s National Climate Assessment , “failure of the electrical grid can affect everything from water treatment to public health.”

Artificial Intelligence 64

Artificial Intelligence Insurance Risk Government 64

IBM Big Data Hub

AUGUST 17, 2023

Some time ago, banks and governments started shifting their attention towards using digital assets in their operations and economies. Banks and governments are actively seeking CBDC because it is a more secure alternative to crypto. Unlike cryptocurrencies like Bitcoin or Ethereum, CBDC is backed by the government and is legal tender.

Blockchain 74

Blockchain Financial Services Risk Authentication 74

John Battelle's Searchblog

DECEMBER 9, 2013

else: “The most mericful thing in the world” appeared first on John Battelle's Search Blog. This week, the tension between industry, governments, and regulation gets hashed out over the NSA, drones, bitcoins, and DNA databases; bots are running research on our behalf, and I became “postdigital.”

Big data 66

Big data Government Insurance Libraries 66

IBM Big Data Hub

DECEMBER 8, 2023

Legal risk: This is a compliance risk that involves the organization breaking government rules, resulting in a risk of financial and reputational loss. This strategy shifts the risk from the organization onto another party; in many cases, the risk shifts to an insurance company.

Risk 72

Risk Compliance Insurance IT 72

IBM Big Data Hub

JANUARY 18, 2024

Government Empower citizens to access basic information on paying bills and upcoming events by using chatbots. Insurance Your customers seek real-time, personalized and accurate responses whether they’re requesting quotes , filing an insurance claim or making payments.

Sales 93

Sales Artificial Intelligence Communications Marketing 93

IBM Big Data Hub

MARCH 27, 2024

Substantial repair costs might arise, particularly impacting insurance companies. Their state governments must order electricity for their citizens in advance, and they used to predict demand manually by using spreadsheets. These kinds of disruptive events might be temporary or result in long-term damage to infrastructure or buildings.

Risk 65

Risk Artificial Intelligence Agriculture Financial Services 65

IBM Big Data Hub

MARCH 20, 2024

By meeting the stringent standards for financial services, it can be seamlessly leveraged across other industries including insurance, government, healthcare, manufacturing and telecommunications, allowing for continuous and central management of security and risk management.

Cloud 78

Cloud Financial Services Risk Business Services 78

Hunton Privacy

JANUARY 26, 2012

The Commissioner cautioned against allowing data protection compliance to fall by the wayside in the current, tough economic climate, especially given the inevitable reputational damage caused by big data breaches and the ICO’s power to impose fines.

FOIA 40

FOIA Insurance Big data Data breaches 40

Data Matters

JANUARY 2, 2018

The decision could also potentially re-work the seminal third-party doctrine that denies individuals’ reasonable expectation of privacy (under the Fourth Amendment) in data turned over to third parties (like bank account records or telephone billing records). The Relentless Rise of Big Data and AI.

Cybersecurity 68

Cybersecurity Privacy Data breaches GDPR 68

IBM Big Data Hub

SEPTEMBER 28, 2023

Financial tasks evaluated includes: providing sentiment scores for stock and earnings call transcripts, classifying news headlines, extracting credit risk assessments, summarizing financial long-form text and answering financial or insurance-related questions. appeared first on IBM Blog. for clients and partners to work with.

Risk 92

Risk Insurance Data collection Libraries 92

IBM Big Data Hub

JULY 7, 2023

Secure databases in the physical data center, big data platforms and the cloud. Don’t throw your private data away with your machines. Sanitize computers for data erasure and destroy all records. Make sure they recognize phishing and other cybersecurity threats. Dispose of old computers and records securely.

Security 40

Security Data breaches Data Privacy Compliance 40

CGI

JANUARY 10, 2018

They could also capture the household recycling data, add data visualizations, and sell or share that to other companies, local governments or environmental agencies. As these examples demonstrate, a strategy for ownership, access, sharing and visualization of data is needed to enable new value chains to exist.

Mining 78

Mining Big data Access Insurance 78

IBM Big Data Hub

OCTOBER 3, 2022

Here’s how that North American healthcare company achieved its goals using data fabric. The first step was ensuring they were using the correct data sets. They started with claims data generated by the insurance company. This claims data contains demographic and diagnostic information about the patient’s medical visit.

Risk 52

Risk Data science Insurance Cloud 52

IBM Big Data Hub

FEBRUARY 2, 2023

This functionality provides access to data by storing it in an open format, increasing flexibility for data exploration and ML modeling used by data scientists, facilitating governed data use of unstructured data, improving collaboration, and reducing data silos with simplified data lake integration.

Cloud 57

Cloud Analytics Unstructured data Compliance 57

John Battelle's Searchblog

AUGUST 13, 2013

The post The debut of “else”: Surveillance Everywhere and the Technological Wild West appeared first on John Battelle's Search Blog. As we’re working on the book , Sara and I are planning on sharing some of the news items and blog posts that catch our attention each week. Other Agencies Clamor for Data N.S.A.

Big data 95

Big data Insurance Manufacturing Marketing 95

IBM Big Data Hub

AUGUST 2, 2023

Watson has solved the problems of business owners across a variety of industries, including banking, retail, government, insurance, and healthcare. Learn more about customer service with IBM Watson Assistant The post How chatbots can provide a better customer experience appeared first on IBM Blog.

Customer Experience 53

Customer Experience Artificial Intelligence Retail Marketing 53

IBM Big Data Hub

FEBRUARY 8, 2024

For industries providing essential services to clients such as insurance, banking and retail, the law requires the use of a fundamental rights impact assessment that details how the use of AI will affect the rights of customers. Dec 19, 2023 The European AI Act is currently the most comprehensive legal framework for AI regulations.

Government 78

Government Artificial Intelligence Risk Compliance 78

IBM Big Data Hub

AUGUST 16, 2023

I’ll start by examining alternative solutions that aim to mitigate the risks linked to using ChatGPT directly, including IBM watsonx, which I do recommend for enterprise usage, because it addresses data ownership and privacy concerns through rigorous curation and governance. Follow the Art of A.I.

Risk 56

Risk Artificial Intelligence Compliance Privacy 56

IBM Big Data Hub

OCTOBER 12, 2023

They’re built on machine learning algorithms that create outputs based on an organization’s data or other third-party big data sources. Sometimes, these outputs are biased because the data used to train the model was incomplete or inaccurate in some way.

Government 81

Government Analytics Metadata Compliance 81

Data Matters

MAY 9, 2019

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

Insurance 68

Insurance Blockchain Big data Risk 68

IBM Big Data Hub

AUGUST 7, 2023

The adoption of mutually trusted technology can assist businesses, customers, partners and government authorities in verifying the existence, authenticity and integrity of interactions among parties. Furthermore, Orion can be used for maintaining the authenticity and integrity of evidence collected through insurance claims processes.

Blockchain 65

Blockchain Government Authentication Manufacturing 65

Data Matters

JUNE 29, 2018

Publicly available” is narrowly defined in AB 375 to mean essentially only records of federal, state or local government that is used in a manner compatible with the purpose for which the records are maintained. The inclusion of inferences drawn from any personal information could greatly expand the scope beyond what is enumerated above.

GDPR 79

GDPR Privacy Sales Data breaches 79

Data Matters

JUNE 29, 2018

Publicly available” is narrowly defined in AB 375 to mean essentially only records of federal, state or local government that is used in a manner compatible with the purpose for which the records are maintained. The inclusion of inferences drawn from any personal information could greatly expand the scope beyond what is enumerated above.

GDPR 60

GDPR Privacy Sales Data breaches 60

Data Matters

DECEMBER 20, 2019

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

Insurance 60

Insurance Risk Artificial Intelligence Privacy 60

Data Matters

DECEMBER 20, 2019

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

Insurance 60

Insurance Risk Artificial Intelligence Privacy 60

erwin

FEBRUARY 19, 2021

Understand how data relates to the business and what attributes it has. Map data flows. Identify where to integrate data and track how it moves and transforms. Govern data. Develop a governance model to manage standards, policies and best practices and associate them with physical assets. Socialize data.

Metadata 110

Metadata Digital transformation Government Healthcare 110

IBM Big Data Hub

JULY 6, 2023

India’s Business Responsibility and Sustainability Report (BRSR)—a framework for environmental, social and governance (ESG) reporting—comes into effect in 2023. This data can be sliced and diced to align to the needs of multiple reporting frameworks as required. The above helps improve reporting efficiency.

Insurance 52

Insurance Government Data structuring Communications 52

IBM Big Data Hub

APRIL 4, 2024

The popularity of private cloud is growing, primarily driven by the need for greater data security. Across industries like education, retail and government, organizations are choosing private cloud settings to conduct business use cases involving workloads with sensitive information and to comply with data privacy and compliance needs.

Cloud 98

Cloud Digital transformation Access Compliance 98

IBM Big Data Hub

JULY 17, 2023

In this blog, I will cover: What is watsonx.ai? sales conversation summaries, insurance coverage, meeting transcripts, contract information) Generate: Generate text content for a specific purpose, such as marketing campaigns, job descriptions, blogs or articles, and email drafting support. What is watsonx.data?

Analytics 65

Analytics Data science Cloud Metadata 65

erwin

JUNE 27, 2019

Additional challenges, such as increasing regulatory pressures – from the General Data Protection Regulation (GDPR) to the Health Insurance Privacy and Portability Act (HIPPA) – and growing stores of unstructured data also underscore the increasing importance of a data modeling tool.

Unstructured data 81

Unstructured data Metadata Analytics GDPR 81

IBM Big Data Hub

APRIL 5, 2023

By combining the benefits of cloud with the security and control of on-premise IT infrastructure, this solution was able to meet the stringent standards for data governance. IBM Consulting facilitated the implementation and migration of their applications from physical on-premise legacy to private cloud systems.

Digital transformation 62

Digital transformation Compliance Cloud Insurance 62