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. AI surpassed other technologies in conversations about innovation The research underscores that AI is leading the way in accelerating innovation.

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Coforge

NOVEMBER 8, 2023

Preserving AI and GenAI’s integrity and fostering innovation necessitates the implementation of appropriate regulation. This is especially crucial in heavily regulated sectors such as healthcare, banking, financial services, and insurance.

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TechCrunch

MARCH 29, 2023

If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+.

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TechCrunch

MARCH 15, 2022

Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. “Underwriting cyber insurance for SMEs is a more dire prospect than for large enterprises,” he said.

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CIO

JUNE 13, 2023

The pace of innovation is relentless. Once wild and seemingly impossible notions such as large language models, machine learning, and natural language processing have gone from the labs to the front lines. The next generation promises to deliver the same unstoppable parade of innovation.

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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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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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Insurance Artificial Inteligence Artificial Intelligence Innovation 59

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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Company Artificial Inteligence Insurance Technical Review 321

Altexsoft

OCTOBER 22, 2021

In this post, we’ll explain what deep learning is, how it works, how it’s different from traditional machine learning, and what areas it can be applied within. Get ready because you’re about to go deep into deep learning. What is deep learning? Artificial intelligence vs machine learning vs deep learning.

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iTexico

OCTOBER 11, 2019

10 Trends of Artificial Intelligence (AI) in 2020. Artificial Intelligence (AI) has been predictable for decades, probably because the technology was associated with robots. Using machine learning, organizations can detect such security breaches with ease. The Convergence of Blockchain, IoT, and AI.

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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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Artificial Inteligence Insurance Artificial Intelligence Machine Learning 237

CIO

NOVEMBER 16, 2023

She also shared some of the lessons she’s learned about taking risks, navigating complexity, fostering an innovative culture, and creating significant impact across the business. As part of your extreme automation pillar, you’re on a journey to simplify and modernize applications and data assets to drive speed, agility, and innovation.

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Artificial Inteligence Insurance Agile Analytics 321

Coforge

OCTOBER 20, 2023

Microsoft Copilot is an innovative technology that uses artificial intelligence (AI) and machine learning to streamline operations, enhance decision-making abilities, and improve customer experiences. Ideally suited for Insurance carriers to further improve profitability, productivity, and service.

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Insurance Artificial Inteligence Artificial Intelligence Machine Learning 40

CIO

SEPTEMBER 12, 2022

A shift has occurred and IT is now viewed as an equal partner in driving business growth with CIOs recognized as the de facto leaders of innovation. Here, they and others share seven ways to create and nurture a culture of innovation. Innovation is a double-edged sword: It is critical to growth — but that’s also what makes it risky. “It

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AWS Machine Learning - AI

MAY 30, 2024

Vitech helps group insurance, pension fund administration, and investment clients expand their offerings and capabilities, streamline their operations, and gain analytical insights. Hosting large language models Vitech explored the option of hosting Large Language Models (LLMs) models using Amazon Sagemaker.

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CIO

DECEMBER 11, 2023

This regulation aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from high risk AI, while boosting innovation and making Europe a leader in the field,” said the press release issued by European Parliament. It is a myth that the AI Act will hamper innovation.

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TechCrunch

NOVEMBER 28, 2022

The first tranche of $19 million was announced in March, and led by Cathay innovation with participation from ACA and returning investors OpenSpace. Other lead investors were the Women’s World Banking Asset Management (WAM), FinnFund, La Maison and returning investors Cathay Innovation.

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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. Digitizing functional processes can lead to significant cost savings and efficiency gains.

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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.

Insurance 52

Insurance Artificial Inteligence Artificial Intelligence Policies 52

Coforge

AUGUST 27, 2020

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Artificial Inteligence Machine Learning Insurance Artificial Intelligence 52

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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Artificial Inteligence Insurance Meeting Artificial Intelligence 226

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.”

Insurance 52

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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.

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CIO

FEBRUARY 21, 2024

The LLM can say, ‘My answer came from these triples or this subgraph.'” 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

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Let's Grow Leaders

APRIL 24, 2023

The Power of Workplace Culture in an AI Universe: A virtual conversation about Empathy and Innovation Note: This article on Workplace Culture is an excerpt from Chapter 2 of our book, Courageous Culture: How to Build Teams of Micro-Innovators, Problem Solvers, and Customer Advocates. What’s your perspective on that?”

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Culture Innovation How To ChatGPT 172

CIO

MARCH 7, 2024

Public LLMs in the sandbox: Safely test publicly available Large Language Models (LLMs) in a sandbox environment, separate from the production setting, to assess their impact without risking operational disruptions. You don’t want to stifle innovation, so you must develop a safe environment for innovators to work.

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CIO

JULY 27, 2023

With the ability to instantaneously ingest reams of data using large language models (LLMs), generative AI technologies such as OpenAI’s ChatGPT and Google’s Bard can produce reports, contracts, and application code far surpassing earlier technologies in speed, accuracy, and thoroughness. “Our

Artificial Inteligence 246

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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. They are no longer responsible for managing risk but also for driving innovation, enhancing customer experiences, and achieving sustainable growth.

Insurance 94

Insurance Technical Review Development Team Review Culture 94

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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Altexsoft

JUNE 6, 2019

Fast checkout, personalized recommendations, or instant access to customer care at any time are a few services that can be implemented with the help of artificial intelligence. The Federal Deposit Insurance Corporation in their 2017 survey estimated that 6.5 Forecasting demand with machine learning in Walmart.

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Artificial Inteligence Artificial Intelligence Retail Innovation 89

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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TechCrunch

FEBRUARY 28, 2022

While many lament government regulation as an infringement on innovation, I believe increased scrutiny is a net positive for the future of the software industry. anti-competitive practices that stifled innovation, as was the case with AT&T, IBM, Microsoft and today’s tech titans) rather than how their software operated.

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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 Twenty of the top 100 insurance agencies in the U.S. (as BrokerTech Ventures (BTV), a group consisting of 13 tech-focused insurance agencies in the U.S. million in a seed round.

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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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TechCrunch

SEPTEMBER 22, 2021

The main point of contention arose around defining what constitutes customer-centric healthcare and Aoun’s stance that, regardless of what else is involved in a company’s approach, starting from a point of working with insurers disqualifies a company from making any consumer-centricity claims. ”

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CIO

AUGUST 29, 2022

“A sustainable model is built on an entrepreneurial approach to collaboration and building together, while making sure that the impact on the ecosystem is reduced steadily. Adopting sustainable innovation practices demands a change in the outlook and the organizational culture of the company, including the current services and practices.”

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Perficient

JANUARY 19, 2024

In the world of Generative Artificial Intelligence (AI), a new era of large language models has emerged with the remarkable capabilities. As the AI landscape continues to grow and evolve, we can anticipate even more groundbreaking innovations from AI tools. Text Only GPT-4.0: No GPT-4.0:

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