Newgen Software

MAY 21, 2024

Despite providing financial protection and peace of mind, the insurance sector has long been criticized for its slow processing times, susceptibility to human error, and overall inefficiency. Intelligent Process Automation (IPA) helps insurers meet these expectations and address the sector’s long-standing challenges.

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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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TechCrunch

MAY 17, 2023

The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary MetLife Next Gen Ventures. Embedded means insurance or protection products that are embedded into the customer experience as they buy a product or sign up for a service.

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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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CIO

NOVEMBER 16, 2023

In a career spanning such companies as IBM, KeyCorp, M&T Bank, and BMO, she has “answered the call” many times, most recently as CIO of The Hartford, where she is responsible for the overall strategy, vision, and execution of business technology, cyber, data analytics, and data science. Can you expand on that?

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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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TechCrunch

MARCH 7, 2023

All said, Assured Allies joins with insurtech companies around the world that did manage to secure some decent funding recently, including Equisoft , Naked Insurance , Turaco and Acko. It has been proven to reduce the cost of long-term insurance claims by roughly 20%, Nahir told TechCrunch. Akilia Partners and Samsung Next.

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CIO

MARCH 18, 2024

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals. We’re at a critical time for digital transformation.

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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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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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Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. Following last year’s conference, Perficient Insurance Principal Brian Bell shared three key takeaways from the 2022 event: First, data and analytics investments still topped many insurers’ list of operational priorities.

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Trigent

MARCH 29, 2023

The insurance sector has been one of the early adopters of advanced technologies such as artificial intelligence (AI), robotic process automation (RPA), and machine learning (ML) which played a pivotal role in managing complex tasks during the pandemic. The answer lies in hyperautomation!

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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. Trend #4 – Big Data Analytics.

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CIO

AUGUST 19, 2022

The traditional in-person process of insurance agents meeting with prospective customers to discuss policies, sign paperwork, and load it into the company’s client/server system came to a complete halt. Because we are an insurance company, what we are is a promise on a piece of paper,” says then-CIO Richard Gilbert. “We

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CIO

MARCH 27, 2023

Integration with cognitive intelligence (context-sensitive knowledge management, predictive analytics, and similar) will be key for doing so. Here’s an example of how this could work: A customer calls his car insurance company after being in a minor fender bender. Artificial Intelligence

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CIO

FEBRUARY 21, 2024

These employees are often tasked with answering a wide array of customer queries, ranging from procedural questions like changing coverage on an existing policy to more complex inquiries such as filing an auto insurance claim. Artificial Intelligence Learn more about how EXL can put generative AI to work for your business here.

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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. According to research sponsored by techradar.pro, an astonishing 39% of U.S. adult web users surveyed have used one or more generative AI tools.

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Trigent

APRIL 27, 2022

Hartford HealthCare, a comprehensive and integrated healthcare system serving more than 17,000 people daily across its 400 locations, recently announced its decision to launch a novel research initiative with Ibex Medical Analytics. Intelligent diagnostics rely on Artificial Intelligence to create new pathways for healthcare.

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Datavail

SEPTEMBER 2, 2021

Moving data analytics to the cloud would be much simpler if it were a “lift and shift” process. Since that’s not possible when you’re moving analytics to the cloud, you need to be prepared for the challenges you’ll face. But, there are many players in the data analytics market. However, those challenges shouldn’t discourage you.

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Coforge

AUGUST 27, 2020

* field--node--title--blog-post.html.twig x field--node--title.html.twig * field--node--blog-post.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> Machine Learning: Unlocking the Next for Insurers. It has also seen significant success in building analytics capabilities over the past few years.

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Crunchbase News

FEBRUARY 16, 2024

AI-enabled healthcare There’s a lot of funding for nascent companies at the intersection of artificial intelligence and healthcare. New York-based Jona wants to use artificial intelligence to uncover links between the microbiome and health. Some of the largest financings went to image and analytics providers.

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TechCrunch

MARCH 21, 2022

It says that more than 250 banks, credit unions, insurance companies and other financial services businesses currently use its tools to help its customer service teams field support questions — and, because so much customer service is interlinked with sales these days, potentially upsell those customers to more services.

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CIO

AUGUST 29, 2022

As a first step, companies can adopt data analytics to help reduce food or product waste. Circular economy: Re-use infrastructure for new technology initiatives instead of retiring equipment. Natural resources: In addition to reducing their carbon footprint, companies need to address water usage and improve waste management practices.

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Trigent

APRIL 28, 2021

The insurance industry is still exploring ways to leverage its capabilities to their full potential, those who have managed to make inroads are already experiencing extraordinary benefits. 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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CIO

FEBRUARY 13, 2023

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group.

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Crunchbase News

MAY 3, 2024

million for business models around managing insurance for climate-related damage and tracking climate risk for critical infrastructure. New York-based Arbol, which pitches tools that rely on climate data to speed insurance payments, picked up $60 million in a Series B co-led by Giant Ventures and Opera Tech Ventures. trillion and $3.1

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TechCrunch

SEPTEMBER 27, 2021

After being founded, the company spent more than two years building out its artificial intelligence customer service software. It has three products: the first is an agent assist that helps a human agent resolve problems by intelligently routing and suggesting replies, enabling the agent to be up to 40% more efficient.

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CIO

JANUARY 11, 2023

Critical IT skills, especially in cybersecurity, artificial intelligence, and machine learning, have long been in short supply, and the current labor shortage is intensifying the need for such professionals, Kirkwood notes. level talent while embracing the latest data mining, data analysis, and analytical tools.

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Crunchbase News

MAY 17, 2024

Once again, biotech made up nearly a third of the list while some other sectors that don’t usually make the list — developer platform and analytics — were represented. Sigma , $200M, analytics: Cloud analytics startup Sigma raised a $200 million Series D co-led by Spark Capital and Avenir Growth Capital. billion valuation.

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TechCrunch

OCTOBER 13, 2021

The startup is using natural language processing and data analytics to create a massive database of patient data that can help stakeholders better understand, and treat, people holistically. Notably, ScienceIO doesn’t track, it just makes data more searchable and produces analytics that can be turned into usable insights.

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Coforge

JANUARY 14, 2021

Embracing Machine Vision in Insurance to Remain Competitive. When it comes to the possibilities of AI & ML in the insurance space, machine vision is an expected choice for the insurance carriers as they look for a plethora of information in order to assess the risk and make decisions accordingly. Thu, 01/14/2021 - 19:32.

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TIBCO - Connected Intelligence

JUNE 11, 2021

But what about insurance? Insurance has always been an information-rich industry, but it’s not always been associated with digital efficiency. To capitalize on these opportunities, traditional insurers can bring real-time, data-driven capabilities to the forefront of operations, using their data advantage to outpace new insurtechs.

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TechCrunch

MARCH 7, 2022

The opportunities are countless, from data analytics to innovative distribution channels.”. Also, 12 insurance companies have signed up, giving it access to a pool of customers within Uganda and across East Africa since most of them have a regional presence. “We Image Credits: Rocket Health.

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Hacker Earth

MARCH 29, 2018

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are. Artificial Intelligence.

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TechCrunch

NOVEMBER 4, 2021

Today, a startup that has built a real-time behavioral analytics tool is announcing funding as it sees demand for its services increase. Neuro-ID’s human analytics dashboard. The behavioral analytics also enables customers to see and use behavioral data to optimize existing AI/ML models. Image Credits: Neuro-ID.

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N2Growth Blog

OCTOBER 24, 2023

Firstly, they demonstrate exceptional analytical skills, allowing them to interpret and make informed decisions based on financial data. Leveraging technology, such as AI and data analytics, can also be crucial in identifying and engaging with potential candidates.

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KitelyTech

APRIL 18, 2023

One such addition is artificial intelligence (AI) which has undoubtedly revolutionized the way software development is done. These programs use artificial intelligence to simulate human conversation, responding to user inquiries and requests with natural language responses.

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