article thumbnail

Swiss Re streamlines insurers’ natural disaster response with AI

CIO

Natural disasters have been increasing in frequency, severity, and diversity in recent years, pressuring insurers to be more efficient and to anticipate event and claim fallout. Second, RDA addresses post-NatCat planning to help insurers’ prioritize property inspections. trillion.

Insurance 208
article thumbnail

How CIOs Can Become Artificial Intelligence Experts

The Accidental Successful CIO

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. These templates still require tech-savvy users to be used and can take weeks of model training, testing and validation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FarmSense uses sensors and machine learning to bug-proof crops

TechCrunch

The company creates optical sensors and novel classification systems based on machine learning algorithms to identify and track insects in real time. That data is turned into audio and analyzed by machine learning algorithms in the cloud. The key here: real-time information. Image Credits: FarmSense.

article thumbnail

Machine Learning: Unlocking the Next for Insurers

Coforge

* 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. Machine learning will also transform the way insurance companies do business.

article thumbnail

We Had Our 1st Ever Artificial Intelligence Hackathon, And It Was Incredible!

UruIT

Some time ago, a team of Innovation and Machine Learning experts started working in Cogniflow: a no-code Machine Learning platform that makes it easier than ever to build solutions that involve Artificial Intelligence. A few months after the kickoff, the platform was ready and waiting to be tested.

article thumbnail

How digital turned Nationale-Nederlanden into an omnichannel company

CIO

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. The context tests us and it’s necessary to reinvent ourselves every day.”

Company 285
article thumbnail

Automated Claims Processing: Using RPA and Machine Learning to Manage Insurance Claims

Altexsoft

The insurance industry is notoriously bad at customer experience. In the last few years, Chinese tech giants have been making massive strides at becoming the center of insurance innovation. To compete, insurance companies revolutionize the industry using AI, IoT, and big data. Not in China though. Why automate claims?