The market response to Lloyd’s Blueprint Two took up a lot of airtime at the recent virtual London Market Forum. Opening the debate on the Blueprint, one of the panelists commented: “Technology leadership must be embedded throughout your business but equally we have to break down those silos, which often means that technology solely belongs […]
How do you currently use data to drive decision-making? That was the first question asked at the London Market Forums Technology & Innovation Summit 2020. The Forum looked at tech impacting underwriting, claims, data management, business efficiency and on the final day there was a look to the future, with a discussion around innovation and artificial intelligence including the impact […]
DOCOInsightsThe need for advanced claims analytics solutions has been driven by globalised competition, data overload, more stringent risk and compliance requirements, new regulations and changing consumer behaviours. Many London market claims teams are therefore turning to analytics to gain insight and enhance performance. Weaving analytics into the organisational fabric can position Managing Agents for strategic, […]
Not Robots, Automated Co-workers!In recent blogs we have covered subjects such as the potential for claims reserve analytics or frequent pattern mining to drive fresh innovation in the claims world. Another area that DOCOsoft is looking at is robotics and bots or, as they prefer to be called, automated co-workers! The point about robotic process […]
Frequent Pattern Mining: Real Life ExamplesWhat is frequent pattern mining? The BenefitsWorkers Compensation is an area of that is open to the benefits of frequent pattern mining, particularly when providing insurance to those businesses with repetitive manual tasks, according to a white paper titled Mine Your Business—A Novel Application of Association Rules for Insurance Claims […]
Discovering Hidden InsightsIn the third of our DOCOInsights series of blogs, we look at the latest thought leadership focusing on frequent pattern mining. DOCOsoft is working with a number of academic partners, including a collaboration with a professor from Cornell University. We recently wrote the abstracts of two papers. The first of these papers is […]
The Value of DataDOCOsoft offers a whole range of visualisations and models about reserve accuracy. As well as providing one of the essential pillars of an insurance contract and transaction, claims also helps insurers to understand the data that underpins their reserves. It is becoming increasingly clear that such data is a valuable commodity in […]
Welcome to the first in what is going to be a regular series of blogs, thought leadership and insights on a range of claims management topics. As you may know, DOCOsoft has been making great strides in the world of data analytics and machine learning, that’s why we’ll be delivering Insurance Insights to allow you […]