Typically, a parametric trigger structure is favoured in more specialist, hard to insure risks and regions where modelling capabilities may lack and the need for rapid payout post-event is extremely vital.
Structured to trigger if predefined event parameters are met, such as precipitation for flood or wind speed for hurricanes, parametric products remove the need for complex assessment and claims investigation.
In part, the greater use of parametrics has been enabled by innovation around products and advanced data analytics, which have helped expand the reach of commercial insurance.
Outage Planning and Analytics Solution for Nuclear Plant| ARC Advisory
GE Hitachi Nuclear Energy (GEH ) and GE Digital announced the introduction of Outage Planning and Analytics (OPA), a digital solution to help nuclear power plant operators plan, schedule, and execute maintenance and refueling outages. The application was developed by GEH and GE Digital to help plant operators evaluate schedule status, track activities, estimate impacts, and improve decision-making.
The OPA solution is built on GE Digital's Predix Platform and is currently available to U.S. operators of both boiling water reactors (BWRs) and pressurized water reactors (PWRs). GE continues to enhance OPA to better meet the needs of customers in the nuclear energy industry as well as offering the product to customers in other industries.
Use Data Analytics to Improve Strategic Planning for the Future Federal Workforce
Strategic workforce planning (SWP) is a comprehensive process essential to ensuring an organization has the right people in the right positions and that those people have the right skills and competencies at the right time.
But for SWP to be effective and provide insights to leadership, the incorporation of workforce data analytics is essential.
Human capital (HC) organizations typically have multiple systems with different functions, and they are proficient in extracting routine reports on data such as headcounts, workforce composition, status of recruitment actions, performance ratings and awards, training completions, and so on.
UL Acquires Clear Sky Analytics
NORTHBROOK, Ill. , May 17, 2021 /PRNewswire/ -- UL, the global safety science leader and one of the world's top advisors on the development, evaluation and optimization of renewable energy projects, today announced the acquisition of solar analytics company Clear Sky Analytics' proprietary software platform and related assets. Clear Sky Analytics co-founders Ajay Saproo and John Corson will also join UL.
"We are delighted that Clear Sky Analytics platform is now part of UL and will help create a safer, more secure and sustainable world," said Jennifer Scanlon , president and CEO, UL Inc. "With solar power as an emission-free, reliable source of energy, increasing and optimizing its supply enables communities globally to replace carbon-intensive energy sources and significantly reduce global warming emissions.
Black Knight Acquires eMBS, Adding Agency Data and Analytics to Company's Mortgage Solution
"The U.S. agency MBS market is the second-largest fixed income asset class, behind only U.S. Treasuries," said Anthony Jabbour , CEO, Black Knight. "eMBS is the undisputed leader in providing a complete and timely view that combines data from the three agencies that make up this massive asset class."
With nearly $7.5 trillion outstanding in the agency MBS market, the cost of maintaining accurate and timely databases and analytics is expensive and time-consuming, even for the most sophisticated investors. Long seen as "standard equipment" for the agency MBS investor, clients who license eMBS data reduce the operational burden and eliminate the start-up costs associated with participating in this market.
Fractal is Title Sponsor of Analytics Unite 2021: The Summit for Retail and Consumer Brands
NEW YORK , May 17, 2021 /PRNewswire/ -- Fractal , ( fractal.ai ), a global leader in artificial intelligence and analytics, powering decisions in Fortune 500 companies, today announced its partnership as Title sponsor of Analytics Unite taking place on May 18-20, 2021. The event will bring together top retail & consumer goods executives and insiders for discussions and presentations on some of the most pressing needs and innovative solutions.
Mars Senior Director of Advanced Analytics and Machine Learning - Tarun Kataria and Fractal's Client Partner for CPG - Mohit Agarwal will co-present on Digital Transformation at 100x . The session will explore how Mars prioritized speed of decision making over perfection and how they leveraged next-gen technologies, including AI, machine learning and cloud, to drive a decision-first approach.
Report: Buffalo Bills investing in analytics
While it’s sometimes hard to tell one way or another, the Bills appear to be a team that is investing in analytics in regard to their approach to football.
According to ESPN sports analytics writer Seth Walder, the Bills have at least four people working in their analytics department. The research looked into all 32 teams in the NFL and the findings showed that only six teams have four or more people in such roles:
Updated the NFL analytics staffers list again after yesterday's Jaguars news, plus a few other updates elsewhere.
Emotion Analytics Market Rising Trends Forecast to 2025 | Leading Players – Microsoft, IBM,
Emotion Analytics Market Report offers a comprehensive and detailed insight into the market landscape and aids in grasping the complete understanding of the market over a global landscape. The report offers an all-inclusive detailed account of the global trends and scope of the Emotion Analytics market. The report offers a thorough explanation of the history of the Emotion Analytics market over the past years and also has a thorough forecast rendition up to the year 2025.
Report: Browns Analytics Tied for Most Staff
Analytics and the Cleveland Browns became a strong connection when the team hired Paul DePodesta and Sashi Brown a few years ago. Brown is long gone but DePodesta’s influence remains including the hire of Andrew Berry as general manager.
After one very good season, the word “analytics” is no longer a curse word for Browns fans. Instead, fans are hopeful that the new direction builds on the work of Brown and his successor John Dorsey.
Happening on Twitter
Re: data analytics, cabinet approved exit of 820,165 ineligible ppl from BISP lists on Dec 24, 2019. In Jan 2021 ba… https://t.co/l8gYOlDNEi SaniaNishtar (from Pakistan) Mon May 17 07:48:50 +0000 2021
All three systems which were used to deliver #EhsaasEmergenecyCash (8171 request seeking mechanism, data analytics,… https://t.co/xbNaJwiJzh SaniaNishtar (from Pakistan) Sun May 16 16:17:55 +0000 2021
Appreciate the @WorldBank rankings of @bisp_pakistan in 2021 due to systems launched by PMLN govt fully BIOMTERIC V… https://t.co/0QQ0pa53oA marvi_memon (from Pakistan Bhitshah) Mon May 17 04:20:37 +0000 2021
This is why "self-serve analytics" so often ends up being a pyrrhic victory. Data analysis is more than knowing a f… https://t.co/TdMYfVcOOT chrisalbon (from San Francisco) Mon May 17 16:36:27 +0000 2021
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