The 11 Secrets of Business Rules Success [ Source: FICO ]
January 2010- Managing business rules gives insurers control over high-volume operational decisions in areas from underwriting to product configuration to claims management, and gives you the agility you need in a dynamic marketplace. Based on decades of experience developing decision management applications, FICO has developed 11 steps to help you make the most of business rules. These include:

• Picking the right applications. Business rules are a powerful tool for building smarter decisions into your applications, but ...

Anti-Money Laundering: Helping Life Insurance Companies Mitigate Regulatory Risk [ Source: SAS ]
June 2008- The U.S. Department of Treasury released in October 2005 the final ruling that life insurance and annuity companies must implement money laundering-prevention programs and comply with Suspicious Activity Report (SAR) guidelines by May 2006. This white paper takes a brief look at ways SAS Anti-Money Laundering is designed to help these companies comply with regulations. You will learn about SAS' ability to detect a variety of suspicious activities. Anti-Money Laundering helps life insurance and annuity companies ...

Best Practices for Leveraging Business Analytics in Today’s and Tomorrow’s Insurance Sector [ Source: SAS Institute ]
January 2009- The use of business analytics continues to permeate the insurance marketplace. This report shares the insights of industry thought leaders as they describe the cultural, organizational, technological and personnel challenges required to more broadly adopt and utilize business analytics. New technology capabilities, business models and data sources are constantly emerging. The successful organizations will be those that concentrate as much on the implementation and deployment of business analytics as on the technology itself. For these ...

Improving Multi-Channel Customer Experiences [ Source: Kofax ]
December 2011- Automated capture solutions have strategic implications for insurers in terms of improved multi-channel customer experiences, revenue growth in a soft market, higher responsiveness to regulatory changes, and insightful business intelligence. Hear about these benefits in an exclusive TechWeb podcast featuring Jeff Ballard from Kofax, the industry leader for capture-driven processes.

Improving Claims Management Outcomes with Predictive Analytics [ Source: IBM ]
October 2011- As a claims management professional, you have to deal daily with formidable - and sometimes competing - challenges: provide superior customer experience; achieve operational excellence and cost containment; and effectively manage risk. Predictive analytics can help you improve each of these three outcomes, but more importantly, it helps strike the right balance among these three objectives for each new claim received. Read this white paper from IBM to learn about applying predictive analytics to claims ...

Predictive Analytics Enables Insurers to Drive Profitability and Growth [ Source: Tata Consultancy Services (TCS) ]
May 2011- In the current post-economic crisis climate, insurers find themselves faced with myriad challenges that they must address to safeguard and grow their business. The upside is that these challenges can bring valuable opportunities for the savvy insurers that can recognize and overcome them. Predictive analytics enables insurers to drive profitability and growth. Read this whitepaper to learn how insurers can harness massive amounts of data using predictive analytics to safeguard business and capture new market ...

Creating Stickiness in the Insurance Industry [ Source: Thunderhead ]
February 2011- All businesses aim to foster loyalty in customers, but for insurers the problem is sharper. Winning new customers is more expensive for insurers than for many other industries, and the benefits of loyalty are greater. This has been exacerbated by customers shopping around to find the best deal in the downturn. Insurers need to make their products more “sticky”, to use a term invented by author, Malcolm Gladwell.

Decisions That Drive Success [ Source: IBM ]
November 2010- Learn how decision management optimizes and automates high-volume decisions to create successful outcomes.

Read this white paper to learn how decision management makes it possible to use predictive analytics an integral part of real-time decision process including: the different types of decisions and which ones are right for automation; how decision management solutions work; and how to implement a decision management solution at your organization.