Newgen Software

NOVEMBER 20, 2023

Artificial intelligence (AI) has made its presence felt across all domains. The continuously evolving technology keeps tech enthusiasts and industries on the edge, making them wonder what’s next. The latest to jump onto the artificial intelligence (AI) bandwagon is Generative AI (GenAI). Happy exploring!

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CIO

MAY 8, 2024

On behalf of insurance carriers, pharmacy benefit managers, and other healthcare payers, Expion negotiates prices with pharmacies and medical practices based on volume discounts and other factors. Automation, and generative AI in particular, can transform the insurance industry, he adds.

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Perficient

FEBRUARY 28, 2024

With new risks, shifting market dynamics, and the unstoppable march of technology, the insurance industry finds itself at a crossroads. The imperative for transformation has never been clearer, and this is highlighted in Forrester’s report, The Future Of Insurance.

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TechCrunch

MARCH 11, 2021

If you’ve ever had to file a claim with your insurance company, you know that it’s not exactly fun. And if you’ve ever had to file an auto or home insurance claim, you know that all the back and forth with your carrier and the various vendors can take up so much time.

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TechCrunch

SEPTEMBER 1, 2021

How many of us have not switched insurance carriers because we don’t want to deal with the hassle of comparison shopping? Insurify has built a machine learning-based virtual insurance agent that integrates with more than 100 carriers to digitize — and personalize — the insurance shopping experience. A lot, I’d bet.

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TechCrunch

APRIL 12, 2022

Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions. A growing cohort of startups including Alan, Tractable and Snapsheet offer tools to help customers navigate through the insurance claims process. ” Accelerating insurance claims.

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N2Growth Blog

APRIL 17, 2023

Today, I will highlight some similarities in the insurance and finance industry and contrast them to Formula 1. Formula 1 racing is an industry built on speed, innovation, and teamwork. This article will explore the trends and challenges– and compare these industries.

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TechCrunch

SEPTEMBER 16, 2022

Will Ross and William Steenbergen were AI researchers at Stanford working on climate and atmospheric modeling and reinforcement learning, respectively, when they began to collaborate on wildfire modeling and hurricane modeling initiatives for the insurance industry. He pointed to Russia sponsoring cyberattacks on U.S.

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The Accidental Successful CIO

JANUARY 25, 2023

However, now, industries as diverse as retailing, manufacturing, finance and insurance are taking advantage of new products that make it much easier for businesses to create AI tools specific to their needs. What All Of This Means For You CIOs have seen artificial intelligence (AI) coming for some time now.

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Perficient

APRIL 3, 2024

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. Monica Gernert, a project manager, and insurance expert at Perficient, provided a critical perspective around genAI that’s quoted in the report. This kind of intelligence proves the noble purpose of insurance.”

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Newgen Software

JANUARY 25, 2022

Artificial intelligence (AI) is fast transforming how we work, think, and even live. Today, many industry leaders are hailing AI as one of the most revolutionary technological breakthroughs of all time. The post Leading with Artificial Intelligence appeared first on Newgen.

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N2Growth Blog

DECEMBER 26, 2023

Understanding the Evolving Role of Insurance Executives in Today’s Risk Landscape The role of insurance executives has significantly changed today’s risk landscape. Insurance executives must possess diverse skills and qualities to excel in this dynamic environment.

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TechCrunch

FEBRUARY 2, 2021

TrustLayer , which provides insurance brokers with risk management services via a SaaS platform, has raised $6.6 Interestingly, the startup also got some industry validation in the way of investors. Interestingly, the startup also got some industry validation in the way of investors. million in a seed round.

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TechCrunch

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. While working with insurance companies they recognized how fast the insurance industry was modernizing, yet insurance sellers still struggled with customer experiences due to outdated payments processes.

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Perficient

NOVEMBER 21, 2023

With nearly three decades of experience directing commercial lending, corporate finance, and insurance for leading brands, Perficient’s Insurance Principal, Brian Bell, stands at the forefront of our financial services practice. Brian believes insurance serves a noble purpose and is a great source of pride.

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CIO

DECEMBER 7, 2023

Over the last year, generative AI—a form of artificial intelligence that can compose original text, images, computer code, and other content—has gone from experimental curiosity to a tech revolution that could be one of the biggest business disruptors of our generation. Artificial Intelligence

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TechCrunch

JANUARY 13, 2021

Car auto-insurance from legacy providers has structural bias built into it. It uses metrics such as credit score, income, marital status and education to figure out insurance rates, which eventually disproportionately hurts low-income individuals through high rates and low protection. How to rewrite the rules.

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Newgen Software

FEBRUARY 21, 2024

Generative artificial intelligence (GenAI) is perhaps one of the most disruptive and biggest technological advancements since the launch of the iPhone. Every industry is evaluating ways to utilize this tech to simplify their operations and boost businesses, and the insurance industry is not far behind.

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TechCrunch

MAY 5, 2021

It was way back in 2018 that Omni:us appeared to disrupt the insurance market by applying AI to this most legacy of all industries. where the insurance industry is enormous. is an insurtech startup that uses AI to help insurance companies settle claims within 24 hours. to speed up insurance claims.

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CIO

JANUARY 3, 2024

That is why artificial intelligence (AI) is playing a key role in enhancing and personalizing customer communication in the contact center. One of the solutions aimed to improve customer experience and agent efficiency in insurance company contact centers by creating an automated summary of customer-agent calls and chats.

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CIO

FEBRUARY 16, 2024

But things have gotten a little more complicated now, as the large-scale roll-out of generative artificial intelligence (GenAI) has introduced the need for a multidisciplinary approach to innovation. This can be particularly challenging in heavily regulated industries such as healthcare, insurance, and finance.

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CIO

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

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Apiumhub

OCTOBER 8, 2020

Accentuare has recently published a report, and more than 80 percent of insurers believe that innovation has to be present for businesses that want to remain relevant. Here are some technology-related investment suggestions that you can target and take your insurance business to another level. T rend #1 – Robotic Process Automation.

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Trigent

MARCH 3, 2020

In a world where technology is creating on-demand and bespoke experiences, the insurance industry is ready for disruption.

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Tenable

OCTOBER 27, 2023

Check out how organizations’ enthusiasm over generative AI is fueling artificial intelligence adoption for cybersecurity. That’s one key finding of the “ State of Cybersecurity 2024 ” report from the Computing Technology Industry Association (CompTIA), which polled 511 U.S. Plus, how CISA plans to revamp the U.S.

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TechCrunch

AUGUST 10, 2021

He also said the company “ continues to meet and exceed growth and revenue targets” with its first product, a service for comparing and buying car insurance. AI-powered Jerry raises $28M to help you save money on car insurance. Although Jerry also offers a similar product for home insurance, its focus is on car ownership.

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Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. And our team of industry experts is excited to connect, collaborate, and address the most pressing business needs of national and regional carriers. What Matters Most to Insurers in 2023?

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Crunchbase News

APRIL 29, 2024

The three biggest AI-related rounds of the quarter were: In February, China’s artificial intelligence startup Moonshot AI raised more than $1 billion in a funding round led by the Alibaba Group Holding and HongShan, formerly Sequoia Capital China. Marks, who sits on the board of AI startups including Whiterabbit.ai , H2O.ai

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CIO

DECEMBER 18, 2023

IBM is bolstering its portfolio in artificial intelligence and hybrid cloud services, announcing a move to acquire Software AG’s enterprise integration platforms. The tech giant will shell out € 2.13 billion ($2.33 billion) to bring the StreamSets and webMethods platforms into its fold. Silver Lake secured a 93.3%

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Trigent

SEPTEMBER 20, 2023

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

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Perficient

JULY 19, 2023

In today’s rapidly evolving technological landscape, artificial intelligence (AI) has emerged as a game-changer for various industries. One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry.

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CIO

DECEMBER 27, 2023

Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). Generative AI is starting off a new age of exploration in IT,” says Frank Schmidt, CTO at insurance firm Gen Re.

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CIO

NOVEMBER 16, 2023

As an insurance company, we are quite data rich, so how do we take that rich data and convert it into valuable insights at scale, at speed, at the fingertips of our decision-makers? As we look at the future of insurance, new risks are emerging. Customers are demanding and expecting a more digital approach to the insurance.

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TechCrunch

JUNE 16, 2021

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. You’re dealing with so many touch points with your insurance, so many people that need to come and check things out again.

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CIO

MAY 16, 2023

In six short months, ChatGPT propelled artificial intelligence (AI) into the minds and imaginations of the masses more than any other development since the term “AI” was coined in 1956. Conversations suggest that AI is already transforming most major industries. adult web users surveyed have used one or more generative AI tools.

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TechCrunch

MAY 28, 2021

the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. A new startup called Justos claims it will be the first Brazilian insurer to use drivers’ data to reward those who drive safely by offering “fairer” prices. The process to get insurance in the country, by any accounts, is a slow one.

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Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

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