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Dances with wolves: Ensuring your data remains on lockdown.

“Little pig, little pig, let me come in.” “No, no, not by the hair on my chinny chin chin.” “Then I’ll huff, and I’ll puff, and I’ll blow your house down.” Cyber security is an ever-growing concern for insurers across the globe; with everything going online unfortunately there are big bad wolves around every corner. […]

5 steps to adding value to your business through Data Analytics

  Businesses both big and small understand that there is a huge amount of hype surrounding the world of data analytics at the moment. Whilst some may presume it’s just a phase, data analytics is certainly here to stay. Understanding and processing the data your business collects is necessary to make insightful business decisions, so […]

Giroux’s Beginners’ Guide to a Data Warehouse

Gone are the days of excel spreadsheets.   What is a data warehouse?   A data warehouse is a large store of data from many sources within a business; typically, this data is obtained from day-to-day transactions within the organisation.  The warehouse transforms this mass of data into a single, organised system that is easy […]

7 essential procurement tips for building an analytics platform

  With so much technology to choose from, the pressure has never been greater on insurers when finding the right solutions for their analytics projects. Building on Browne Jacobson’s informative MGA market briefing on IT procurement, Giroux’s experts have put together a list of seven essential tips to bear in mind for your upcoming analytics projects. […]

Big Data algorithms for insurers 101

What is an algorithm? At its most basic level, an algorithm may be defined as a set of rules for solving a problem in a finite number of steps. But isn’t that just what a computer does? No. If we define a computer as a set of rules written by a human being, then an […]

Driving breakthrough tech-thinking in the London insurance market

“The challenge is not in technology, but in influencing the hearts and minds of Lloyd’s market players to embrace technology…”  Attending the 2016 Verisk Risk Symposium in London this month, I was struck by the fact that, so far as I am aware, I was the only analytics professional in the room. It occurred to […]

Using big data to prevent cyber fraud

The UK insurance industry is investing more than £200m a year in assessing and combating fraud A 2016 report from the UK Government Insurance Fraud Taskforce reveals that insurance fraud costs the UK more than £3bn annually. Fraudulent claims for personal injury – such as whiplash following a traffic accident – are especially widespread, made […]

The growing role of analytics in the insurance market

We are now able to access and leverage information in new and profitable ways. Lloyd’s last quarter reported a 30% dive in annual profits to £2.1bn. The specialist insurance market cites terrorism, climate change and cyber crime among contributing factors, as well as increased pressure from regulators and changing technology. But whilst the causes may […]

Machine Learning – unlocking the hidden value in your big data

What is machine learning? Machine learning is a way of analysing large amounts of data to search for patterns which would otherwise be difficult or impossible to detect due to their complexity. The machine learning software ‘learns’ from the data and then presents this information in a format that enables you to solve problems, make […]