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Embedded Insurance Meets Customers Where They Are

Perficient

In this blog, we’re going to stay in the world of finance, but pivot to embedded insurance. Recall flying back in the 1970s, when airlines began offering life insurance at the airport to folks before they boarded their flight. i-Insurance anyone?

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Coforge | Blog | Insurance Technology Trends in 2023

Coforge

From new regulations and policy changes to the emergence of innovative technology, the insurance industry is constantly evolving to meet the needs of consumers. We will look at some of the top trends in insurance for the year 2023. Insurance

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The Insurance Industry is Ready for a lot More Change

Teradata

The dwindling personal auto insurance market is a harbinger of a lot more change to come. Find out more

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Selecting the Right Insurance Underwriting Software

Newgen Software

Underwriting is very common in finance, insurance, banks, and lending business. Insurance underwriters are professionals who evaluate and analyze the risks involved in ensuring people and assets. The post Selecting the Right Insurance Underwriting Software appeared first on Newgen.

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Data Science Fails: Building AI You Can Trust

The new DataRobot whitepaper, Data Science Fails: Building AI You Can Trust, outlines eight important lessons that organizations must understand to follow best data science practices and ensure that AI is being implemented successfully.

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Digital Automation: How it is Making Insurance Processes Smarter And Improving Customer Experience

Coforge

The insurance sector is undergoing an extensive digital revolution. Insurance Business Process Solutions Digital AutomationIt may mean radically reimagining how a company gives value to its customers, staff, and stakeholders.

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AI in Insurance Use Cases & Benefits

Dataiku

When it comes to the use of AI in insurance, a Dataiku-sponsored survey of executives revealed that insurers still have room to grow — only 7% of insurance companies surveyed are considered leaders.

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Customizing Personal Lines Insurance with Location Data

Cloudera

Insurers are increasingly adopting data from smart devices and related technologies to support and service their customers better. In this session, Denise mentioned a range of smart devices and related technology that insurers are adopting to support and service their customers better.

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How Omni-Channel Digitization is Transforming Insurance Industry

ShepHertz

Insurance, ever since it began, has always been a seller’s market. The post How Omni-Channel Digitization is Transforming Insurance Industry appeared first on ShepHertz App42 Blog. App42 MA General Blogs digitization of insurance sales force automation for insurance omni channel insurance insurance digitization platform insurance salesforce automation digital transformation in insurance insurance marketing automation sales force automation tools

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Mitsui Sumitomo Insurance Co., Ltd.

Teradata

Vantage on AWS supports Next Best Action efforts - adding new supplemental coverage on policy renewals at a rate of 250

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Automating Insurance Claim Adjudication

QBurst

Claim adjudication, the process of determining the financial liability of a claim by the insurance company, is quite complex and time-consuming. The post Automating Insurance Claim Adjudication appeared first on QBurst Blog.

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3 ways to modernize legacy insurance systems

DXC

Many insurance companies are suffering from the negative effects of historically low interest rates in a low-growth business environment. A recent Computer Economics report shows the urgency for insurers […].

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Combating Fraud in Insurance with Data

Cloudera

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. This means Insurance fraud costs the average U.S.

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Accelerate Digital in Insurance with Newgen at InsurTech 2022

Newgen Software

To showcase how the right technology can take you closer to your digital goals, Newgen is participating in InsurTech 2022 – a networking conference focusing on the insurance sector, along with Infosys. Related posts: Business Process Management Software: 3 Use Cases in Insurance.

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10 ways insurers can — and should — adapt their business models now

DXC

The insurance industry is in the midst of a brutal stress test, due to the current environment. Some insurance products may become uneconomical. And many insurers will come under pressure to reduce their spending. Insurance

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3 ways to modernize legacy insurance systems

DXC

by Jeff Williams Many insurance companies are suffering from the negative effects of historically low interest rates in a low-growth business environment. The post 3 ways to modernize legacy insurance systems appeared first on DXC Blogs.

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Automate Insurance Underwriting – The Need of the Hour

Newgen Software

An automated insurance underwriting system can simplify the underwriting process while enhancing workforce productivity and maximizing customer satisfaction. The post Automate Insurance Underwriting – The Need of the Hour appeared first on Newgen. Insurance

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Why consumer education is needed in the digital insurance age

DXC

For the insurance sector, this has brought forth both new market opportunities and new market confusion. The insurance sector has leveraged digital for new ways of working, and that has proven to be especially valuable in light of […]. Insurance digital insurance

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Coforge | Blog | Extended Reality (XR) – Seizing opportunity in Insurance

Coforge

We ask Vikram Singh, our AVP, Insurance Practice Head for his views. The impact of insurance is increasingly significant and highly disruptive due to operational processes. Both AR and VR have the potential to disrupt the way insurance carriers operate their business. InsuranceVikram, can you provide a quick view on why XR is becoming a focus point?

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Why Insurance Is Vital For Your Business

Strategy Driven

Business insurance is financial coverage for your business. There are different types of insurance for businesses, from insurance on equipment, structure, loss of revenue, cyber insurance and many more. When do I need business insurance?

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3 ways to modernize legacy insurance systems

DXC

Many insurance companies are suffering from the negative effects of historically low interest rates in a low-growth business environment. A recent Computer Economics report shows the urgency for insurers […].

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AXA axes ransomware insurance. Who’s next?

TechBeacon

Huge multinational insurance firm AXA Group has announced it will no longer write cyber-insurance policies that pay out extortionate ransoms to hackers.

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What Is The Best Insurance For Your Small Package Shipments?

Strategy Driven

This can include getting insurance from third parties such as www.secursus.com. But before you begin all that, how do you determine the best insurance for shipping packages? Why should a business owner buy small packages insurance? What does small package insurance cover?

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The Future of AI in Insurance in 2021

Dataiku

Insurance is one of the many industries that has been tremendously shaken by the events of 2020. These unprecedented happenings are significantly reshaping the insurance market, pushing insurers to review their approach to numerous sectors and risks.

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Express Cloudera POV on 2021 data trends in insurance

Cloudera

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In Deloitte’s Insurance Outlook survey , 79% of respondents believed the pandemic uncovered shortcomings in their company’s digital capabilities and transformation plans.

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Being Scalable as an Insurance Company: 3 Tips

Strategy Driven

Starting an insurance company is already challenging, mainly because of the competitive market in the industry. The problem is that most insurance agency owners often hit a growth ceiling which hinders them from moving forward.

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Fire Up Your Insurance Engine with Predictive Analytics

Newgen Software

Process automation has been at the forefront in the insurance landscape, but now, the future of insurance will be shaped by behavioral intelligence and predictive analytics. The post Fire Up Your Insurance Engine with Predictive Analytics appeared first on Newgen. Insurance

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Insurance Technologies: 13 Disruptive Ideas to Change Insurance Companies with Telematics, Blockchain, Machine Learning, and APIs

Altexsoft

Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurance Carrier.

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Cyber insurance: Tighten your security controls or face exposure

TechBeacon

Boards of directors and top brass at companies sometimes look at cyber insurance as a way to plug gaps in their security schemes.

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Is There A Grace Period For Car Insurance When Buying A Used Car?

Strategy Driven

Car insurance policies are necessary to have if you want to legally drive a car. Every state has its law on car insurance policies. Some states require you to only have liability insurance to drive a car. Do you need auto insurance policies in that case?

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How Omni-Channel Digitization is Transforming Insurance IndustryCara Digitalisasi Omni Channel Mentransformasi Industri Asuransi

ShepHertz

Insurance, ever since it began, has always been a seller’s market. It has enjoyed complete control of the buyer and provider relationship for over hundred years. Until the past few years, when digitization disrupted the market completely everything started to […].

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Is it Finally Time for Change in the Insurance Industry?

Teradata

Is insurance immune from the surge in data-driven applications in other industries? Of course not, but why has there been such a slow uptake in data resources

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Top 3 trends shaping the Insurance industry in 2021

Trigent

According to a recent poll, 54% of CIOs believe that insurance companies are resilient and will continue to remain so if they move quickly and decisively. Several new trends have emerged as more insurers adapt to these changes. 3 key pillars defining the insurance industry strategy.

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Insurance App Development – Adding Value To Your Customers

Xicom

An Insurance mobile app is a must-have nowadays, and these are not just words, we can prove it! This holds true and blue to all business areas, and insurance is no exception. Thus, the insurance mobile app came into. The Demand For Insurance App. But what is pet insurance?

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Insurance Claims Modeling With GLM: A Modern Approach

Dataiku

Estimating risk is the essential ingredient to determine the price of an insurance policy. For decades, actuaries have used statistical models to predict the risk of losses or damages to calculate an insurance price.

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Get security right on the road to technology modernization in insurance

DXC

With the top 10 insurers worldwide currently still relying on mainframes, legacy systems continue to be the heartbeat of insurance processing. Increasingly, insurers are looking to modernize existing infrastructure, move to cloud, or both, to support business transformation initiatives.

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How Insurers Can Tip the Scales With AI

Dataiku

The insurance industry is one of the oldest in the modern world. And like all aged, stately things, it moves both gracefully and slowly.

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The Journey to Understanding your Insurance Customers

Cloudera

Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. . Expectations affecting Insurance. The Opportunity for Insurers.

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Insurance Claims Use Case Spotlight: Motor & Casualties

Dataiku

Dealing with your insurer after an accident can be a stressful process, so when faced with the challenge of improving its claims process, a UK-based insurance firm turned to Dataiku.

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Some Of The Best Insurance Tips To Help Manage Construction Risk

Strategy Driven

The most common and perhaps best way is by getting Advantage Insurance. This includes any insured provisions, exculpation, and indemnity clauses. Builder’s Risk Insurance. This insurance is very important. Don’t Buy Insurance Coverage Unless Necessary.