TechCrunch

NOVEMBER 11, 2021

Insurance lags behind other financial services in the adoption of digital technologies. Granted, a few unicorns have popped up from the modern digital insurance space such as Tractable and Lemonade; however , this sector hasn’t raced to the stage as quickly as say, payments or lending. Image Credits: Root.

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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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Perficient

FEBRUARY 27, 2024

This blog was co-authored by Perficient’s Insurance Principal and expert: Brian Bell As we step into 2024, the insurance industry faces significant transformations driven by technological advancements and evolving customer expectations. Utilizing digital tools to break down operational silos and facilitate data flow.

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TechCrunch

APRIL 20, 2021

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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Newgen Software

FEBRUARY 21, 2024

Every industry is evaluating ways to utilize this tech to simplify their operations and boost businesses, and the insurance industry is not far behind. Meet Jane, an insurance agent , who notices her daily operations undergoing a radical transformation. The result?

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TechCrunch

MAY 18, 2021

Of course, the need for speed among consumers hits the brick wall that is the insurance industry and government’s timeline for dispersing post-disaster insurance claims and aid. The idea is to extend cash as quickly as possible after qualification, and then Dorothy gets paid back when a claim is later processed.

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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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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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CIO

NOVEMBER 1, 2022

So, for instance, it’s not surprising that retirees represent the largest growth segment in Israel’s insurance sector. Yet the system for claiming pensions through insurance companies is known to be slow and cumbersome. Something had to give. So a new project was devised by the company’s digital and innovation section.

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Cloudera

NOVEMBER 16, 2020

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. It can be digital (edited photos) or physical (misuse of claims checks processing).

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CIO

NOVEMBER 8, 2023

The Fortune 500 company, born an insurer in Des Moines, Iowa, roughly a decade after the Civil War ended, is under pressure to provide customers with an integrated experience, particularly due to its expanded financial services portfolio, including the acquisition of Wells Fargo’s Institutional Retirement and Trust (IRT) business, Kay says.

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TechCrunch

FEBRUARY 7, 2023

The startup provides dashboards from where users can build AI-powered workflows for tasks like claims processing, customer support and appointment scheduling, letting organizations automate both business processes and front-office, customer-facing tasks (if the sales pitch is to be believed). After all, Jiffy.ai

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TechCrunch

SEPTEMBER 14, 2022

healthcare system is infamously labyrinthine, with a lengthy claims process that results in frequent errors and high administrative costs. Claims and payment platforms identify inaccuracies in claims and payment contracts, including mismatches with current policies and guidelines.

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TechCrunch

MAY 11, 2022

The company claims it has increased operational productivity by over 20% at its initial customer sites. . The stats caught the eye of insurance companies and health-and-safety-conscious warehouse managers alike. The company told me it has grown “ at an unprecedented pace,” decreasing on-site injuries by more than 80%.

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Crunchbase News

JANUARY 26, 2024

Health care IT companies were pushed into a new frontier — needing to facilitate a vastly different operating environment for their customers, dealing with surges in claims, billing, staffing, video appointments, vaccine scheduling and many more dynamics. Here are five predictions for where the health care IT industry is headed this year.

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TechCrunch

MARCH 15, 2021

The company argues that it offers enterprises a different take on process automation. The industry buzzword these days is ‘robotic process automation,’ but DeepSee.ai I describe its system as ‘knowledge process automation’ (KPA). argues that what it does is different. offers three core tools.

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Trigent

APRIL 28, 2021

Robotic process automation (RPA) technology is embraced by enterprises globally for varied sectors. The global robotic process automation market is growing in size with a CAGR of 24.9% Considering that insurance is now an integral part of our lives, the benefits received from RPA adoption are enjoyed by insurers and customers.

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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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Coforge

JANUARY 14, 2021

Stuck with Stagnation in Your Insurance Business? The worldwide industry is embracing cognitive computing to embed native intelligence into digital solutions and the insurance sector is right at the forefront of this refreshing trend. The State of the Current Claims Process. Thu, 01/14/2021 - 19:43.

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Cloudera

OCTOBER 21, 2020

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . COVID-19 COMPLICATIONS AND MORE. Is that covered?

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Coforge

AUGUST 27, 2020

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Perficient

FEBRUARY 22, 2023

Whether you’re an insurance carrier or a broker, change is here and change is about to accelerate beyond the prior few years when our world was modified in ways none of us had ever seen. Our economic history is filled with case studies of firms that came out of recessions stronger and as more dominant players in their industries.

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TechCrunch

JANUARY 11, 2023

This proved to be a wise move — Inbenta’s customer base has grown to more than 250 brands across industries including financial services, travel, e-commerce, insurance, auto and telecom. ” Inbenta offers four main products: Chatbot and Messenger, Knowledge and Search.

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TechCrunch

JANUARY 22, 2023

As Connie writes: “If you’re a fintech founder, investor or regulator, you might want to catch the full conversation — which also touches on regulation, talent in the industry and crypto” in the video linked here. announced] the launch of its insurance arm. Reports Fintech Finance News: Turkish fintech company “ Papara.

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CIO

JUNE 7, 2022

It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. Data analytics has become increasingly important in the enterprise as a means for analyzing and shaping business processes and improving decision-making and business results.

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TechCrunch

SEPTEMBER 15, 2022

. “Since growing our sales team, we are focused on building vertical solutions for major industries like fintech, BFSI (banking, financial services, and insurance sector) and direct-to-consumer. Because real video creation is a tedious process, we are actually seeing more demand in terms of automated video creation.”

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OTS Solutions

NOVEMBER 14, 2023

Understanding the Shift towards Digital Technology How is the Dental industry Adopting New Technologies? There are many reasons why dentists are shifting towards digital IT solutions, but in this blog, we discuss the top 2 reasons why dental practices are adopting digital solutions so fast.

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TechCrunch

MARCH 25, 2021

But the market is obviously a specialized one relative to other specialized goods businesses, in part because it requires working not only with customers who make the final decisions about what supplies to use, but also payers, who typically foot the bill through insurance reimbursements.

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TechCrunch

DECEMBER 14, 2021

If you’ve ever had to apply for a mortgage, you know that it can be a time-consuming, expensive and often painful process — both in terms of just filling out the application and then waiting for the transaction to close. It’s a lofty claim. Like AWS, we want our product to stand on its own and be easy to integrate.”.

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Altexsoft

JUNE 14, 2021

In today’s society, insurers can no longer ignore the mounting expectations of customers. Clients now expect insurers to provide different levels of personalization that are fast, adaptable, and up to date. Is personalized insurance really the future of insurance? What is personalized insurance, and why is it important?

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TechCrunch

OCTOBER 28, 2021

Persefoni is claiming this to be the largest round for a SaaS climate tech company, although TechCrunch could not confirm that at publication. It now claims to have four of the 10 largest global Private Equity firms and four of the world’s 20 largest banks using it, along with several global insurance companies and pensions/endowments.

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TechCrunch

JUNE 9, 2022

“For a bank, it means simplifying the process of opening commercial bank accounts. For a lender, it means accelerating the process for businesses to access capital. ” Mack previously worked at Checkr , where he managed and built the solution consulting team. .” legal claims against property).

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Banking Compliance Insurance Small Business 143

Tenable

DECEMBER 29, 2023

Their 2024 forecasts include: A bigger security role for cloud architects; a focus by ransomware gangs on OT systems in critical industries; an intensification of IAM attacks; and much more! Before issuing coverage, cyber insurers will conduct their due diligence process more stringently.

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TechCrunch

NOVEMBER 17, 2021

Rather, the two-year-old company describes itself as a “broker agnostic technology and business services solution” that works with top real estate producers from a variety of independent brokerage brands in the U.S. Those agents, it claims, serve the majority of consumers that need to buy, sell or invest in real estate. and Canada.

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TIBCO - Connected Intelligence

JUNE 11, 2021

All kinds of industries—manufacturing, government, energy—are going digital, cutting out paper and manual processes, being accessible 24/7, and making experiences more customer-centric. But what about insurance? Insurance has always been an information-rich industry, but it’s not always been associated with digital efficiency.

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TechCrunch

JUNE 9, 2022

“For a bank, it means simplifying the process of opening commercial bank accounts. For a lender, it means accelerating the process for businesses to access capital. ” Mack previously worked at Checkr , where he managed and built the solution consulting team. .” legal claims against property).

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CIO

JULY 3, 2023

One key challenge facing the healthcare industry today is the inability to easily access and share electronic medical information between healthcare providers, clinicians, and patients. These are impediments to the widespread adoption, implementation, and standardization of interoperability tactics across the healthcare industry.

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