[March 29, 2017] |
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A.M. BestTV: As Data Gets Bigger, So Does Its Impact
In this A.M.BestTV episode, insurers at the RMS Exceedance
2017 conference in New Orleans, LA, said insurers' abilities to capture
increasing amounts of data are leading to new ways to identify risk and
focus on products. Click on http://www.ambest.com/v.asp?v=exceedance317
to view the entire program.
"If you have the ability to collect the information on how the
structures are put together and what their resilience features are, then
you have a data set, which can be mined year after year to see how those
performances differ from others," said Anne Cope, vice president,
research, Insurance Institute for Business and Home Safety. "That would
be a wealth of information people could capitalize on."
Looking to how to best use big data in analytics, Luis Brito,
catastrophe modeling specialist, IRB Brasil, RE, said: "Analytics is
something that can be used to analyze trends in a specific market or
line of business. With that kind of information a company would be able
to translate that information into new products, which could be
marketed."
Other people that appear in this episode:
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Anthony Jacob, managing director, worldwide insurance enterprise &
partner group, Microsoft (News - Alert); and
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Tom Sabbatelli, senior product manager, RMS.
For full coverage of the conference, including exclusive executive
interviews, visit http://www.ambest.tv/exceedance17.
Recent episodes of A.M.BestTV include:
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Italian Insurers Challenged by Political Uncertainty and Banking
Woes, Says A.M. Best Analyst: Alvse Argenton, financial analyst, A.M.
Best, reviews a recent briefing that examines the operating
environment for Italy's insurers, which includes volatile political
and economic environments, insurers' relationships with banks as
distribution arms and investment strategies: http://www.ambest.com/v.asp?v=italy317.
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National Insurers in United Arab Emirates Return to Profitability,
Face Challenges, Said A.M. Best Associate Financial Analyst: Associate
Financial Analyst Thomas Bateman reviews a new report from A.M. Best
that examines financial performance for 29 listed national insurers in
the United Arab Emirates: http://www.ambest.com/v.asp?v=uae317.
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Reinsurers Face Range of Issues, Including All-Hazards Events:
Attendees at the annual reinsurance CPCU Society Reinsurance Symposium
at St. Joseph's University, in Philadelphia, PA, said reinsurers face
pressures, including a widening range of competitors and market forces
in 2017: http://www.ambest.com/v.asp?v=cpcure317.
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Regulatory Changes Help Spur Profitability for Saudi Insurers, Says
A.M. Best Senior Financial Analyst: Salman Siddiqui, senior
financial analyst, A.M. Best, reviews a recent special report that
examines the financial performance for 33 national insurers in Saudi
Arabia: http://www.ambest.com/v.asp?v=saudi317.
A.M.BestTV covers exclusive A.M. Best information and
reports, targeted topics and key developments in the (re)insurance
industry every Monday, Wednesday and Friday. Sign up for alerts of
episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M.BestTV episodes at http://www.ambest.tv.
A.M. Best is the world's oldest and most authoritative insurance
rating and information source. For more information, visit www.ambest.com.
Copyright © 2017 by A.M. Best Company, Inc. and/or its
subsidiaries. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170329006127/en/
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