Why Location Matters in Insurance - Business Analytics
Why Location Matters in Insurance - Business Analytics Location has intrinsically been a part of insurance since the beginning - at Lloyd's Coffee Shop one of the first questions would be "so, where are you headed?" The World has changed dramatically since then and the business of insurance has needed to keep up. However, it's only been recently that insurance companies of all types have begun to recognize the enriched technical capabilities associated with the integration of business analytics - business intelligence, predictive analytics and catastrophe modeling with GIS / spatial analytics. Spatially enabled decision management is improving the financial performance, product profitability and risk management for insurance companies while allowing them to provide more personalized offerings and services. In this session GIS specialists and financial services firms will learn the business value propositions as well as the business/technical enablers for a set of biunique offerings made available through the powerful partnership between Esri and IBM with a specific case study.
Craig Bedell, IBM [email protected] Esri EMEAUC13
Esri EMEAUC13 Type Presentation Name Here
2013 Esri Europe, Middle East and Africa User Conference October 23-25, 2013 | Munich, Germany
Why Location Matters in Insurance - Business Analytics Enriched by Spatial Craig Bedell Worldwide Insurance Industry Executive Business Analytics & Software Solutions Group
Essrri E Esri Esr EMEAUC13 MEA M ME EA AUC UC1 U C13
Why Location Matters - Insurance
Underwriting Rating Claims Sales Marketing Distribution
Esri EMEAUC13
Traditional Uses of Spatial Analytics
Proximity to Risk Catastrophe Analyses Aggregation of Risk Setting Premiums Sales & Marketing Areas Claims Adjustment Esri EMEAUC13
IBM Business Analytics
Esri EMEAUC13 Type Presentation Name Here
Insurance Imperatives Advanced Analytics Data Collection
Business Intelligence Analysis, Scorecards, Reports, Dashboards
Statistics
Customer
Modeler (Data Mining/Text Analytics
Business Intelligence & Advanced Analytics Sales Performance Management Territory, Channel and Incentive compensation management
Operations
Quota Planning
Financial Performance Management Planning, Budgeting and Forecasting
Finance Market Risk, Credit Risk, and Portfolio Risk Balance Sheet and Capital Modeling
Esri EMEAUC13
Workflow Assembly and Audit of complex reports Disclosure Management
Financial Risk modeling
Risk
Disclosure Management
Stress Testing
Business Analytics
Transform through analytics for breakaway results
Align your organization around information
Anticipate see, predict and shape business outcomes
Learn from solutions that get smarter with every outcome
Esri EMEAUC13 Type Presentation Name Here
Act with confidence at the point of impact to optimize outcomes
Why Business Intelligence Matters
Esri EMEAUC13
Why Predictive Analyitcs Matters
Esri EMEAUC13
Why Spatial Analytics Matters
Esri EMEAUC13
Why Decision Management Matters
Esri EMEAUC13
Esri EMEAUC13
Predicted Claims
Esri EMEAUC13
Esri EMEAUC13
http://www.esri.com/software/location-analytics/esri-maps-for-ibm-cognos
Esri Maps for IBM Cognos® Bi-Directional Integration • Business Intelligence • Spatial Analytics Claims Optimization Fraud Territory Performance
Agency Optimization Concentration of Risk Rating Territories CAT Analysis Disaster Response http://www.esri.com/software/esri-maps-for-ibm-cognos Esri EMEAUC13
ESRI Maps for IBM Cognos
Esri EMEAUC13 Type Presentation Name Here
Insurance Analyses
Esri EMEAUC13
Modern Application of Business Analytics & Spatial
Fraud & Abuse Operational Risk Management Market Availability Advanced Customer Segmentation Agency Performance
Esri EMEAUC13
Drive Time & Predictive Modeling
Claims Fraud
Predictive determinant – Drive time to Treatment Facility Vs Drive time to Doctor
Esri EMEAUC13 Type Presentation Name Here
Drive Time & Business Intelligence
Claims Fraud
Paring of post hail storm event with Policy Records, Repair Services & Claimants
Esri EMEAUC13 Type Presentation Name Here
Insurance Agency Productivity & Prospecting
Esri EMEAUC13 Type Presentation Name Here
Managing existing agents
Esri EMEAUC13
Esri EMEAUC13
Esri Es Esr E sr sri E EMEA EMEAUC13 M UC1 MEA UC13 3
External validation
Esri EMEAUC13
http://www.analytics-magazine.org/component/content/article/130-analytics-section-of-informsnews/792-innovative-applications-in-analytics-award
Business Analytics As a Business Capability
Esri EMEAUC13 Type Presentation Name Here
Esri EMEAUC13
www.analyticszone.com
Esri EMEAUC13
www.analyticszone.com
Esri EMEAUC13
http://www.ibm.com/software/analytics/insurance/
Westfield Insurance Insura Company Business Analytics Analyt Transformation https://www.youtube.com/watch?v=hLpuMZdAuG0&list=FL3etlX-M8CJIj5ttps:///www.youtube.c y ikSaqNMA kSaqNMA Esri EMEAUC13
For more information
ibm.com/software/analytics/insurance
Esri EMEAUC13
[email protected]
Esri EMEAUC13 Type Presentation Name Here
IBM Cognos Performance Management System – Business Modeling Applications / Accelerators / Blueprints
Access & Interactivity
Universal Capabilities
Performance Management Platform
Information Infrastructure
Esri EMEAUC13
IBM Cognos Performance Management Platform User Experience
Access and Interactivity
Universal Capabilities
Business Modeling
Common Business Model
IT Tools
Shared Set of Purpose-Built Services
Admin
Scheduling Service
Presentation Service
Content Shared Dimensions
Security Service
Event Service
Upgrade
Cognos Architecture
Model
Personal Datasets
Cognos 10 Bus – Dispatcher SOAP, XML
Attachments, Annotations
Services API Query Service
Content Security
Movement Service
Streaming Service
System Content Metadata, Events Search Index, Audit Logs, System Metrics
Metadata
Calculation Service
Initiatives, Metrics
Optimized OLAP 64-bit in-Memory High Performance Streaming Cache
Plan & Report Saved Objects
Open Data Access
Access to All Data Infrastructure Fit
Esri EMEAUC13
Message Sources
Relational Sources
Application Sources
Exploit existing infrastructure choices Application & Web Servers
Security Providerss & Firewallss
Modern and Legacy Sources
OLAP Sources
Integrated & optimized with IBM infrastructure Data Integration & Data Quality Tools
Platforms & Databases
Architecture Overview IBM Solution Components •
Cognos
•
SPSS
•
WebSphere
•
IBM Implementation Services
•
Netezza, PureSystems
•
DB2
ArcGIS Online Collaboration Portal
Agents, s, Customers Cust mers
W b d i d data, Web-derived Web-d d t weather, social media, etc weathe
Business Dashboards Reports, Cognos Reportss os Esri Maps for IBM Cognos
Esri Solution Components •
ArcGIS® Server
•
ArcGIS Desktop
•
ArcGIS Online Data Subscription and Collaboration Portal
•
Esri Maps for IBM Cognos
•
Esri Implementation Services
Esri EMEAUC13 Type Presentation Name Here
ArcGIS Se Server ver y tem BI System Cogno s Cognos
Location Analytics Modeling
Corporate Data Netezza
Business analytics from IBM • Business intelligence ( IBM Cognos10 BI) − Dashboards, Scorecards, Reports, Analysis, Ad-hoc, Alerts, Mobile, Office, etc
• Financial performance management (IBM Cognos TM1) − Financial and operational planning, budgeting and forecasting
• Advanced analytics (IBM SPSS) − Predictive modeling, Data Mining, Decision Management, Polling/Survey
• Sales performance management (IBM Cognos SPM) − Compensation Management, Quota Management, Territory Management
• Risk and compliance (IBM Algorithmics / OpenPages) Esri EMEAUC13
− Financial / Market and Operational Risk Mgmt – Solvency 2 / RMORSA
Craig Bedell, IBM [email protected] Esri EMEAUC13
Esri EMEAUC13 Type Presentation Name Here
2013 Esri Europe, Middle East and Africa User Conference October 23-25, 2013 | Munich, Germany
Why Location Matters in Insurance - Business Analytics Enriched by Spatial Craig Bedell Worldwide Insurance Industry Executive Business Analytics & Software Solutions Group
Essrri E Esri Esr EMEAUC13 MEA M ME EA AUC UC1 U C13
Why Location Matters - Insurance
Underwriting Rating Claims Sales Marketing Distribution
Esri EMEAUC13
Traditional Uses of Spatial Analytics
Proximity to Risk Catastrophe Analyses Aggregation of Risk Setting Premiums Sales & Marketing Areas Claims Adjustment Esri EMEAUC13
IBM Business Analytics
Esri EMEAUC13 Type Presentation Name Here
Insurance Imperatives Advanced Analytics Data Collection
Business Intelligence Analysis, Scorecards, Reports, Dashboards
Statistics
Customer
Modeler (Data Mining/Text Analytics
Business Intelligence & Advanced Analytics Sales Performance Management Territory, Channel and Incentive compensation management
Operations
Quota Planning
Financial Performance Management Planning, Budgeting and Forecasting
Finance Market Risk, Credit Risk, and Portfolio Risk Balance Sheet and Capital Modeling
Esri EMEAUC13
Workflow Assembly and Audit of complex reports Disclosure Management
Financial Risk modeling
Risk
Disclosure Management
Stress Testing
Business Analytics
Transform through analytics for breakaway results
Align your organization around information
Anticipate see, predict and shape business outcomes
Learn from solutions that get smarter with every outcome
Esri EMEAUC13 Type Presentation Name Here
Act with confidence at the point of impact to optimize outcomes
Why Business Intelligence Matters
Esri EMEAUC13
Why Predictive Analyitcs Matters
Esri EMEAUC13
Why Spatial Analytics Matters
Esri EMEAUC13
Why Decision Management Matters
Esri EMEAUC13
Esri EMEAUC13
Predicted Claims
Esri EMEAUC13
Esri EMEAUC13
http://www.esri.com/software/location-analytics/esri-maps-for-ibm-cognos
Esri Maps for IBM Cognos® Bi-Directional Integration • Business Intelligence • Spatial Analytics Claims Optimization Fraud Territory Performance
Agency Optimization Concentration of Risk Rating Territories CAT Analysis Disaster Response http://www.esri.com/software/esri-maps-for-ibm-cognos Esri EMEAUC13
ESRI Maps for IBM Cognos
Esri EMEAUC13 Type Presentation Name Here
Insurance Analyses
Esri EMEAUC13
Modern Application of Business Analytics & Spatial
Fraud & Abuse Operational Risk Management Market Availability Advanced Customer Segmentation Agency Performance
Esri EMEAUC13
Drive Time & Predictive Modeling
Claims Fraud
Predictive determinant – Drive time to Treatment Facility Vs Drive time to Doctor
Esri EMEAUC13 Type Presentation Name Here
Drive Time & Business Intelligence
Claims Fraud
Paring of post hail storm event with Policy Records, Repair Services & Claimants
Esri EMEAUC13 Type Presentation Name Here
Insurance Agency Productivity & Prospecting
Esri EMEAUC13 Type Presentation Name Here
Managing existing agents
Esri EMEAUC13
Esri EMEAUC13
Esri Es Esr E sr sri E EMEA EMEAUC13 M UC1 MEA UC13 3
External validation
Esri EMEAUC13
http://www.analytics-magazine.org/component/content/article/130-analytics-section-of-informsnews/792-innovative-applications-in-analytics-award
Business Analytics As a Business Capability
Esri EMEAUC13 Type Presentation Name Here
Esri EMEAUC13
www.analyticszone.com
Esri EMEAUC13
www.analyticszone.com
Esri EMEAUC13
http://www.ibm.com/software/analytics/insurance/
Westfield Insurance Insura Company Business Analytics Analyt Transformation https://www.youtube.com/watch?v=hLpuMZdAuG0&list=FL3etlX-M8CJIj5ttps:///www.youtube.c y ikSaqNMA kSaqNMA Esri EMEAUC13
For more information
ibm.com/software/analytics/insurance
Esri EMEAUC13
[email protected]
Esri EMEAUC13 Type Presentation Name Here
IBM Cognos Performance Management System – Business Modeling Applications / Accelerators / Blueprints
Access & Interactivity
Universal Capabilities
Performance Management Platform
Information Infrastructure
Esri EMEAUC13
IBM Cognos Performance Management Platform User Experience
Access and Interactivity
Universal Capabilities
Business Modeling
Common Business Model
IT Tools
Shared Set of Purpose-Built Services
Admin
Scheduling Service
Presentation Service
Content Shared Dimensions
Security Service
Event Service
Upgrade
Cognos Architecture
Model
Personal Datasets
Cognos 10 Bus – Dispatcher SOAP, XML
Attachments, Annotations
Services API Query Service
Content Security
Movement Service
Streaming Service
System Content Metadata, Events Search Index, Audit Logs, System Metrics
Metadata
Calculation Service
Initiatives, Metrics
Optimized OLAP 64-bit in-Memory High Performance Streaming Cache
Plan & Report Saved Objects
Open Data Access
Access to All Data Infrastructure Fit
Esri EMEAUC13
Message Sources
Relational Sources
Application Sources
Exploit existing infrastructure choices Application & Web Servers
Security Providerss & Firewallss
Modern and Legacy Sources
OLAP Sources
Integrated & optimized with IBM infrastructure Data Integration & Data Quality Tools
Platforms & Databases
Architecture Overview IBM Solution Components •
Cognos
•
SPSS
•
WebSphere
•
IBM Implementation Services
•
Netezza, PureSystems
•
DB2
ArcGIS Online Collaboration Portal
Agents, s, Customers Cust mers
W b d i d data, Web-derived Web-d d t weather, social media, etc weathe
Business Dashboards Reports, Cognos Reportss os Esri Maps for IBM Cognos
Esri Solution Components •
ArcGIS® Server
•
ArcGIS Desktop
•
ArcGIS Online Data Subscription and Collaboration Portal
•
Esri Maps for IBM Cognos
•
Esri Implementation Services
Esri EMEAUC13 Type Presentation Name Here
ArcGIS Se Server ver y tem BI System Cogno s Cognos
Location Analytics Modeling
Corporate Data Netezza
Business analytics from IBM • Business intelligence ( IBM Cognos10 BI) − Dashboards, Scorecards, Reports, Analysis, Ad-hoc, Alerts, Mobile, Office, etc
• Financial performance management (IBM Cognos TM1) − Financial and operational planning, budgeting and forecasting
• Advanced analytics (IBM SPSS) − Predictive modeling, Data Mining, Decision Management, Polling/Survey
• Sales performance management (IBM Cognos SPM) − Compensation Management, Quota Management, Territory Management
• Risk and compliance (IBM Algorithmics / OpenPages) Esri EMEAUC13
− Financial / Market and Operational Risk Mgmt – Solvency 2 / RMORSA
