As I was still contemplating how after hitting such a great drive, that my subsequent approach shot missed the green, my playing partner reminded me how almost every time I had a GIR, I made a par or better. It occurred to me that while I may not have wanted to hear it, I could not deny that the
Insurers have relied on black box solutions for Telematics to date. This blog entry will examine the use of SmartPhones as an alternative to the black box and how it may benefit both the Insurer and the Consumer.
The cost of entry into the Telematics market for Insurers has been high to date,
If you’ve ever spent more than 15 minutes with me you know I’m a huge recreational fisherman and compete in many tournaments each year. I routinely perform maintenance on my equipment: boats, rods, reels, knots, lures, hooks, electronics, etc. But despite my efforts, poor maintenance cost me $5,
This past weekend, as the United States of America celebrated its 237th birthday, I bonded with some of my closest companions – family, friends, music, assorted drinks, and junk food for most of the weekend. Though, one unwelcome friend was the massive heat wave that blanketed most of the US.
Government organizations, funded by your tax dollars, require a wide range of physical assets to provide the services that we come to expect from the world's largest national economy.
Let’s start with some numbers.
There are 453,144 vehicles owned by the US federal government
Of those, the
In my last blog entry, I discussed how data is at the core of a telematics solution first and foremost to price a customer’s policy based on how they drive.
However, data is also an essential aspect for the mainstream adoption of telematics. If Insurers are going to pursue the mass-market in
Motor insurance policies are traditionally priced on forecast risk - using rating factors such as number of miles you might drive, where you live, your age, the engine size and what you will use the car for - customers then pay a premium based on these values - however the introduction of
When was the last time that you looked at one thing? Just one thing, nothing else? We seldom look at just one thing, but rather look at ‘a thing’ in terms of its relationship with ourselves and with everything around us and it. Even in looking at a photograph, don’t we also think of the photograph
Visitors to the London-based Chartered Institute of Insurance are able to visit the small museum, which includes policy documents and ‘contracts of insurance’ going back 300 hundred years,
These documents are, in numbers of years, as far away from Gutenberg’s printing press of 1439 as we are today
Almost my whole working life has been spent in the insurance industry, and in the early days, we thought we were being ‘cutting edge’ when using fax and telex. Now, after 30 years, the insurance sector is sitting in the centre of a new industrial revolution called ‘analytics’.
Cyberspace is today’s new battleground and cyber security continues to be a top imperative for both enterprises and governments. Recently, the U.S. Pentagon announced plans to boost their cyber security team amid a string of attacks, including one that wiped out more than 30,000 computers at a
Big data and analytics is a great metaphor for sports and business. Whether on the field, pitch, hardwood or in the boardroom, the game is the same. Understand your weaknesses, leverage your strengths… and be better than the competition. After all, big data is a game changer, and analytics gives
In medieval times, Alchemists hoped to convert base metals into the noble metal gold through the use of a Philosopher's Stone.
Today, in the field of information science, we talk about Information Alchemy, converting data into information and then into knowledge. Some people even add a 4th stage
This week we’re in New York City for IBM’s Smarter Analytics Leadership Summit where we are gathering with industry leaders to share insights on how they are working with IBM to leverage the explosion in big data and power intelligence to drive transformation in their organizations.
Nowhere is this
Big Data. It’s everything from machine data from sensors to social media, audio and video, transactions, and enterprise content. We’re all trying to figure out what it means and how to leverage it to better understand our customers and drive change in our organizations.
So what’s the answer?