Tag "insurance"

Do You Accept the Premium for This Road Trip: Yes/No?

In a prior post, “Your Car Does Not Lie”, I talked about the financial reasons why automotive OEMs want to derisk their business model by moving to a more predictable demand and technology model offered by sectors like insurance, business services, entertainment and logistics. A recent article in EurActive stirred my interest as it looked... more

GDPR: Does Brexit change anything?

The recent UK referendum vote to leave the EU (Brexit) doesn’t change the need for Financial Services institutions to become GDPR (General Data Protection Regulation) compliant by May 2018. Doesn’t ‘Brexit’ change all this for UK Financial Services institutions? In the short term the answer is NO! UK Financial Services institutions are still going to... more

The Rise of the GDPR Data Lake

The new EU data privacy regulation, GDPR (General Data Privacy Regulation), is driving the need for a Data Lake to hold the volumes and types of customer data required to be covered by the regulation. What is GDPR? GDPR is the new EU data privacy regulation that comes into force in May 2018 and requires... more

The Insurance Industry’s Massive Data Challenge: Two Case Studies from Brazil’s SulAmerica and France’s MACIF Group

With seven million customers, SulAmerica Seguros is the largest independent insurance company in Brazil, offering a suite of financial offerings ranging from health, dental and life insurance to products for retirement and asset management. But as José Guilherme, SulAmerica’s Business Intelligence Manager explained at Informatica World 2016 in San Francisco, without a customer-centric view of... more

The Race for the Automotive App Store

Tailor Today…Baker Tomorrow Having grown up in Europe with parents who learned a trade protected by a guild, I always wondered how a person in the US could be in one profession today, pay for a business license and open another business tomorrow. Who would make sure what they produced was of good quality and... more

GDPR – Where to start?

Financial Services institutions are assessing where to start on the road to GDPR (General Data Protection Regulation) compliance. Here are some thoughts about the starting point. In a recent blog article, I set out my view on the journey to addressing GDPR compliance in Financial Services. In this blog, I’m going to examine my view... more

Understanding the Impact of Data Issues

Financial institutions need to be able to express the impact of data issues to fully understand how big an issue they really are. Let me explain. What do we mean by ‘Impact’? A recent engagement I had with a financial institution made me realise that many organisations have issues regarding their data but are lacking... more

GDPR – The Next Major Data Privacy Challenge

The recent release of information around the new EU General Data Protection Regulation (GDPR) has highlighted a number of areas of the new privacy regulation that will prove challenging for many Financial Services institutions. In broad terms, the aim of the regulation is to enable citizens to take back control of their own data and... more