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Archive for the ‘Insurance’ Category

28th April 2008

Live from InterACT - Insurance in the 21st Century

James Taylor Posted by James Taylor

After lunch I joined the Insurance track and listened to Don Light of Celent (who wrote this nice paper some time ago) and Mike Gordon of Fair Isaac. Mike started and his first slide was headlined “survival of the fittest” which seems like the right headline! There is clearly a lot on in insurance these [...]

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posted by James Taylor in Adaptive Control, Business Process Management, Business Rules, Compliance, Customer Experience, Decision Management, Insurance, Predictive Analytics, SOA | 0 Comments

7th April 2008

Live from IMPACT - Evening Activities

James Taylor Posted by James Taylor

Evening of Monday night and its party time in the solutions area of IMPACT. Once again the wonderful string quartet were strutting their electric stuff and the food and drinks were good. I spent my time speaking to the few folks present who were really interested in decisioning (Chordiant, ILOG, select IBMers) and then went [...]

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posted by James Taylor in Business Agility, Business Process Management, Composite Applications, Customer Experience, Insurance, SOA | 0 Comments

20th March 2008

Live from DAMA - Impact of Service Oriented Architecture on Data Modeling: A Case Study

James Taylor Posted by James Taylor

First session today was some folks from Allstate Financial talking about the Impact of Service Oriented Architecture on Data Modeling: A Case Study. AllState Financial has the large number of data sources typical of a large corporation. Each line of business has its own administrative systems and mergers and acquisitions also create new data sources. [...]

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posted by James Taylor in Insurance, SOA | 2 Comments

26th February 2008

Live from DIALOG - Breakthrough in Claims Excellence Management

James Taylor Posted by James Taylor

Last session of the day was from Rodolfo Viola of Swiss Medical Argentina on Breakthrough in Claims Excellence Management. Claims is, of course, a prime target for rules-based automation so I was excited to hear how an organization outside of North America/Europe was handling it.
Swiss Medical is a privately owned company founded as a clinic [...]

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posted by James Taylor in Business Process Management, Business Rules, Healthcare, Insurance | 0 Comments

29th January 2008

Automating detection of insider trading, money laundering and fraud

James Taylor Posted by James Taylor

One of the most interesting uses of enterprise decision management or EDM is in automating detection of various kinds of “bad” activity. Whether the concern du jour is insider trading, money laundering or just plain old fraud. There are a number of reasons why EDM is such a powerful approach.

Automation is fundamentally the best approach [...]

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posted by James Taylor in Adaptive Control, Business Rules, Compliance, Data Mining, Decision Management, Financial Services, Healthcare, Insurance, Predictive Analytics | 1 Comment

24th October 2007

Live from Business Rules Forum - Reaping the Benefits of Rules through SOA and Business Rule Management at Travelers

James Taylor Posted by James Taylor

Alan Weiss of Travelers and Brian Stucky of InScope presented on Reaping the Benefits of Rules through SOA and Business Rule Management at Travelers. Travelers is a Fortune 100 insurance carrier and Alan is part of a group focused on moving control over processing into the business. The key purpose of business rules in this [...]

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posted by James Taylor in Business Rules, Decision Management, Insurance, SOA | 0 Comments

24th October 2007

Live from Business Rules Forum - True Adventures in Business Rules.

James Taylor Posted by James Taylor

Paul Armborst, someone I have known for a long time, was up after lunch talking on True Adventures in Business Rules. Paul is from Westfield Group, a top 50 insurance company based in Ohio. Back in the 1990s needed to transform their business - from a mainframe/back office company to one where agents could serve [...]

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posted by James Taylor in Business Rules, Insurance | 1 Comment

23rd October 2007

Live from Business Rules Forum - Insurance 2020: Innovating Beyond Old Models

James Taylor Posted by James Taylor

Jamie Bisker was up after lunch talking about Insurance 2020: Innovating Beyond Old Models. Jamie used to be a Tower Group analyst and now works for IBM in their Institute for Business Value (I blogged about his reports before). Studied future customers and their needs, how automation is flattening the competitive environment, what fundamental trends [...]

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posted by James Taylor in Business Strategy, Innovation, Insurance, News | 0 Comments