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. Leveraging cloud technology for streamlined operations and enhanced scalability.

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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. Those who use the technology are mostly data engineers, software engineers and business analysts.

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TechCrunch

APRIL 12, 2022

Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions. A growing cohort of startups including Alan, Tractable and Snapsheet offer tools to help customers navigate through the insurance claims process. ” Accelerating insurance claims.

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TechCrunch

MAY 6, 2022

The demand for more and enhanced automated experiences in our daily lives is growing, and the insurance sector is no exception. This points to a changing market where consumers have higher and different expectations for insurance experiences, based partly on the ease with which they now do other tasks digitally, like shopping and banking.

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Newgen Software

JANUARY 25, 2022

Artificial intelligence (AI) is fast transforming how we work, think, and even live. Today, many industry leaders are hailing AI as one of the most revolutionary technological breakthroughs of all time. The post Leading with Artificial Intelligence appeared first on Newgen.

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TechCrunch

JANUARY 13, 2021

Car auto-insurance from legacy providers has structural bias built into it. It uses metrics such as credit score, income, marital status and education to figure out insurance rates, which eventually disproportionately hurts low-income individuals through high rates and low protection. How to rewrite the rules. Image Credits: Loop.

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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

DECEMBER 27, 2023

Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). So business technology leaders in financial services are carefully navigating a path toward AI. Banks have to get ready to take the step forward.”

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TechCrunch

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. While working with insurance companies they recognized how fast the insurance industry was modernizing, yet insurance sellers still struggled with customer experiences due to outdated payments processes.

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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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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.

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CIO

FEBRUARY 16, 2024

But things have gotten a little more complicated now, as the large-scale roll-out of generative artificial intelligence (GenAI) has introduced the need for a multidisciplinary approach to innovation. The real power of the technology is its ability to draw on disparate data sets and connect workflows.

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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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CIO

DECEMBER 7, 2023

Over the last year, generative AI—a form of artificial intelligence that can compose original text, images, computer code, and other content—has gone from experimental curiosity to a tech revolution that could be one of the biggest business disruptors of our generation. Where will the biggest transformation occur first?

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TechCrunch

MAY 5, 2021

It was way back in 2018 that Omni:us appeared to disrupt the insurance market by applying AI to this most legacy of all industries. In a similar vein, Shift Technology in France has raised $100 million. where the insurance industry is enormous. to speed up insurance claims. It has now gone on to raise $44.1 raises $2.5M

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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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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. We are focused on being agile, not ‘doing Agile.’

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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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CIO

JANUARY 3, 2024

That is why artificial intelligence (AI) is playing a key role in enhancing and personalizing customer communication in the contact center. One of the solutions aimed to improve customer experience and agent efficiency in insurance company contact centers by creating an automated summary of customer-agent calls and chats.

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Apiumhub

OCTOBER 8, 2020

Adopting technological advancements has become a priority for companies that want to meet the expectations of their customers. 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. T rend #1 – Robotic Process Automation.

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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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Crunchbase News

APRIL 29, 2024

The three biggest AI-related rounds of the quarter were: In February, China’s artificial intelligence startup Moonshot AI raised more than $1 billion in a funding round led by the Alibaba Group Holding and HongShan, formerly Sequoia Capital China. Marks, who sits on the board of AI startups including Whiterabbit.ai , H2O.ai

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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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Tenable

OCTOBER 27, 2023

Check out how organizations’ enthusiasm over generative AI is fueling artificial intelligence adoption for cybersecurity. That’s one key finding of the “ State of Cybersecurity 2024 ” report from the Computing Technology Industry Association (CompTIA), which polled 511 U.S. Plus, how CISA plans to revamp the U.S.

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TechCrunch

AUGUST 4, 2021

Founded in 2018 by Alex Thomson, Sumarie Greybe and Ernest North, Naked is a digital insurance platform covering cars, content, homes and standalone items. The company says it employs artificial intelligence to create new processes and experiences for its customers. Insurtech is hot on both sides of the Atlantic.

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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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N2Growth Blog

APRIL 17, 2023

Today, I will highlight some similarities in the insurance and finance industry and contrast them to Formula 1. Similarly, the insurance and finance industries are built on the promise of stability and security, playing a vital role in people’s lives and businesses.

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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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TechCrunch

AUGUST 10, 2021

He also said the company “ continues to meet and exceed growth and revenue targets” with its first product, a service for comparing and buying car insurance. AI-powered Jerry raises $28M to help you save money on car insurance. Although Jerry also offers a similar product for home insurance, its focus is on car ownership.

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CIO

APRIL 5, 2024

Many of the bills are targeted both at the developers of AI technologies and the organizations putting AI tools to use, says Mahdavi, a lawyer with global law firm BCLP, which has established an AI working group. Artificial Intelligence, Compliance, Government, Regulation

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CIO

DECEMBER 18, 2023

IBM is bolstering its portfolio in artificial intelligence and hybrid cloud services, announcing a move to acquire Software AG’s enterprise integration platforms. StreamSets and webMethods are among the technology leaders in application integration, API management, and data integration. The tech giant will shell out € 2.13

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CIO

AUGUST 29, 2023

For IT leaders who find themselves in this situation, and that’s most of you, it’s time to focus less on “managing the narrative” around AI and more on capturing the value associated with this important technology. Every executive I spoke with had just come from “briefing their board” about artificial intelligence.

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Sunflower Lab

JANUARY 8, 2024

Managing insurance verification in hospitals, where a large number of patients visit daily, can be a time-consuming challenge. Recognizing this, our insurance verification service employs an innovative middleware bot to streamline the process. What Is Health Insurance Eligibility Verification?

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CIO

MAY 31, 2023

Since then, the applications of the technology have exploded. Artificial Intelligence, Cybercrime, Events We knew AI was a hot topic when we booked our opening keynote speaker, Ann Marie Sastry, a tech investor and CEO of the AI company Amesite, earlier this spring. The program is free for qualified attendees.

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TechCrunch

JUNE 16, 2021

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. You’re dealing with so many touch points with your insurance, so many people that need to come and check things out again.

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Altexsoft

JULY 19, 2019

In the last ten years, a new technology aimed at automating clerical processes emerged. However, it only starts gaining real power with the help of artificial intelligence (AI) and machine learning (ML). The fusion between AI technologies and RPA was named Intelligent or Cognitive Automation.

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