More Eye-Opening Industry Survey Results – What’s New In Homeowners Insurance Ratemaking?

As many have noticed, homeowners insurance is heating up. Over the past few years companies have addressed many of the challenges in the highly competitive auto insurance market; now, carriers are switching their attention to homeowners. With highly volatile weather patterns, carriers have increased their focus on determining the right premium for their customers. Companies…

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What 200 Bankers Are Saying About Their 2020 Revenue Models

“You need to embrace change if the alternative is disaster.” Elon Musk, founder of SpaceX and cofounder of Zip2, PayPal, and Tesla Motors Is the banking industry ready to change? According to our recent survey of 200 European bankers, transformation is top-of-mind, with many in search of a new banking revenue model. Our survey shows…

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Canadian Insurers: Are Your Analytics On Track For 2016?

  It doesn’t surprise me that analytics will be the key focus for Canadian Insures going forward. According to a recent survey by FC Business Intelligence, 59% of over 100 Canadian insurance executives surveyed, believe that analytics will gain the lion’s share of their attention in 2016. Furthermore, it was pleasing to learn that survey…

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Winning or Losing Your Share of Deposits Growth

Well, it happened…interest rates finally moved up for the first time in almost 9 years. So now what? The much anticipated rate increase announcement by Federal Reserve Chair Janet Yellen has bankers both excited and nervous. Predicting client financial behavior is going to be a challenge in the coming months, especially when you add an uncertain economy and intense competition. The ability to understand the impact on the balance sheet will be critical in developing a strategic plan in a new world.

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Centralized Product Pricing In Your Bank

Deciding to switch the management of product pricing from a decentralized process to a centralized process, is not a decision to be taken lightly. Pricing forms the cornerstone of a bank’s competitive positioning and is a key element in determining its bottom line. There are many factors to consider when making changes to a pricing strategy within a retail bank that it can seem overwhelming at times. And who’s to guarantee that the gain of centralization will be worth the disturbance it may cause?

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Eye-Opening Industry Survey Results – What’s New In Homeowners Insurance Ratemaking?

It’s no secret that the homeowners insurance business has historically taken a back seat to the other insurance lines when it comes to pricing sophistication. But now, insurance carriers are investing in their homeowners business as they realize this is an area with household growth potential. Furthermore, by focusing on improving their homeowners pricing precision…

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Customer Analytics – The New Fuel for Auto Lenders

Today, there is a lot written about “Big Data” and how the collection and analysis of large data sets can transform business decision making. Data can change the world of sales and marketing, however, there are many challenges in taking advantages of these opportunities. For many companies, there is a need to modernize data environments…

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