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Insurance IT leaders herald new era for digital customer experience

CIO

The insurance industry is undergoing a sea change, with IT playing a crucial role in rolling out digital customer experiences for policyholders and agents, as in-person meetings all but vanish in the post-pandemic era. IT as industry differentiator Insurers and financial services firms like MassMutual, of Springfield, Mass.,

Insurance 306
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Southeast Asia insurtech Igloo increases its Series B to $46M

TechCrunch

Igloo develops its insurance products and then partners with insurers who underwrite their policies. Igloo currently works with 20 global, regional and local insurers across Southeast Asia. It distributes its insurance products through partnerships, and is partnered with over 55 companies in 7 countries.

Insurance 236
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TrustLayer raises $6M seed to become the ‘Carta for insurance’

TechCrunch

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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IT leaders grapple with shadow AI

CIO

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

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Digital listening reveals 3 leading innovation drivers

CIO

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. It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises.

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Why is Now The Perfect Timing for Digital Transformation in Financial Services?

OTS Solutions

Various kinds of companies, from banks and insurance companies, have been around for 100 years. Necessary to meet market standards. It is now necessary to have an application or digital platform to stay in the market and meet the digital generation’s needs. To survive in the market. AI ( Artificial Intelligence ).

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Regulatory scrutiny is good for the future of software

TechCrunch

The biggest issues for regulators were related to what companies did with their market dominance (i.e., Products and apps are increasingly driven by artificial intelligence and machine learning, especially those in sensitive areas that impact people’s lives and well-being. fintech) software solutions.