In their article “How to Beat Your Competition Using Analytics in Insurance”, UK based Insurance Nexus explains how insurance companies can use analytics to their advantage to become more cost-efficient, give clients individualized offers, enhance marketing targetting, and fight fraud. The article in itself is worth a read but doesn’t dive too deep into the […]

In insurance, prevention of fraud remains challenging. This is evident from a survey done by Insurance Nexus. Their study amongst insurance professionals showed that 33% of their respondents want sales teams to be more involved in detecting fraud and that currently not enough attention is given to application fraud. Prevention of fraud is a critical […]

In light of the GDPR guidelines, it’s now more critical than ever for companies to protect their customers’ data. Private data is no longer to be shared freely within organizations, and companies are no longer permitted to collect whatever kind of data available. Instead, they should keep their data collecting to a bare minimum. These […]

In the fast-paced compliance world, financial institutions aren’t just trying to keep up with bad guys and their inventive ways to commit crime. They also have to keep up with regulations that are updated every few years. 2018 will see three important regulatory changes that financial institutions need to be ready for. In this article, […]

Control at large: the brave new world of integrity risk management The business of finance is hugely underestimated Running a financial institution can be lonely. At every turn, bankers, investors and insurers have to make complex and difficult decisions, predicting outcomes and avoiding risks that grow in significance every step of the way. You also […]