OPIOID ABUSE PREDICTION: USING SOCIO-DEMOGRAPHICS TO GENERATE INSIGHTS

In an industry facing multiple disruptive forces including technological, regulatory and competitive pressures rethinking finance as a strategic function can help insurers reduce costs, report faster and extract more value commercialization of their data. In this crossover interview, Paolo Rubano, Finance Transformation Director at Generali, shares his perspective on the evolution of the insurance industry and how the finance function is responding to it. He explains in particular the role of Finance in this journey to allow a greater impact.

eBaoTech® is a technology solution provider for global insurance industry. Our mission is to “make insurance easy”. We have clients in more than 30 countries across all continents, serving numerous insurers, agents, brokers, InsurTech startups and others in the insurance ecosystem. eBaoTech's digital solutions include both SaaS and PaaS, built purely based on cloud native and microservices architecture. InsureMO® aims to become a global standard insurance PaaS/middleware; eBaoCloud® SaaS includes DigitalCore® for insurers and selective ecosystem platforms in certain markets.

It is no secret that the U.S. Department of Treasury collection actions regarding Medicare conditional payment claims are on the rise. In fact, a recent CMS report found that Treasury collections jumped from $55 million in 2020 to $82 million in 2021, a 47% increase. In the big picture, notice of a Treasury claim – or worse yet a Treasury offset – very often signals that something went wrong as part of the claims handling process.

Property insurance protects millions of household and businesses across the UK from a range of perils and risks, paying out over £11 million per day to customers when the worst occurs. However, the perils and risks customers face are continually evolving and changing, in particular as the effects of climate change become more prominent. It is vital that the industry understands current and future risks customers face and adapts and innovates to this changing landscape.