N2Growth Blog

OCTOBER 12, 2023

Crafting the Future: The Significance of Selecting the Right Insurance Executive In today’s fast-paced and ever-evolving business environment, securing the right insurance executive is more than a mere hiring decision —it’s a pivotal investment in the company’s future.

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TechCrunch

SEPTEMBER 16, 2022

Will Ross and William Steenbergen were AI researchers at Stanford working on climate and atmospheric modeling and reinforcement learning, respectively, when they began to collaborate on wildfire modeling and hurricane modeling initiatives for the insurance industry. He pointed to Russia sponsoring cyberattacks on U.S.

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TechCrunch

AUGUST 19, 2021

DigiSure, a digital insurance company that caters to modern mobility form factors like peer-to-peer marketplaces, is officially coming out of stealth to announce a $13.1 DigiSure says it goes beyond credit and driving history to give users a more personalized quote, and in the process helps operators lower their own insurance costs.

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TechCrunch

SEPTEMBER 1, 2021

How many of us have not switched insurance carriers because we don’t want to deal with the hassle of comparison shopping? Insurify has built a machine learning-based virtual insurance agent that integrates with more than 100 carriers to digitize — and personalize — the insurance shopping experience.

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TechCrunch

MAY 12, 2021

Planck , the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. Planck said it currently works with “dozens of commercial insurance companies in the U.S.,” including more than half of the top-30 insurers. It will use its new funding to build its U.S.

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TechCrunch

MAY 17, 2021

Over the years, the challenge of helping consumers more easily find car insurance was in the back of his mind. The Palo Alto-based startup launched a car insurance comparison service using artificial intelligence and machine learning in January 2019. Jerry is out to change that.”. Image Credits: Jerry.

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Coforge

AUGUST 27, 2020

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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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Dataiku

MARCH 27, 2020

In its 2019 CIO Agenda: Insurance Industry Insights, Gartner cited increased interest in the industry to move toward data science and machine learning use cases. Now more than ever in today’s landscape, this shift is critical; but the change does not come without challenges.

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CIO

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. based insurer has rebuilt its core application for claims processing, sales, and support, and plans to overhaul its entire portfolio of business processes, all with the aim to enhance and accelerate the customer experience.

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KitelyTech

AUGUST 26, 2023

Machine Learning continues to drive major advancements in automated systems in every industry, including finance. That’s why machine learning is being used to make fraud detection more efficient. This is a deeper look at how machine learning helps in financial fraud detection. What is Fraud Detection?

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CIO

NOVEMBER 8, 2023

The Fortune 500 company, born an insurer in Des Moines, Iowa, roughly a decade after the Civil War ended, is under pressure to provide customers with an integrated experience, particularly due to its expanded financial services portfolio, including the acquisition of Wells Fargo’s Institutional Retirement and Trust (IRT) business, Kay says.

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Hacker Earth Developers Blog

MAY 22, 2020

In our third episode of Breaking 404 , we caught up with Srivatsan Ramanujam, Director of Software Engineering: Machine Learning, Salesforce to discuss everything about Machine Learning and the best practices for ML engineers to excel in their careers. Again, focus on Data Science and Machine Learning.

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Altexsoft

JULY 23, 2020

When speaking of machine learning, we typically discuss data preparation or model building. The fusion of terms “machine learning” and “operations”, MLOps is a set of methods to automate the lifecycle of machine learning algorithms in production — from initial model training to deployment to retraining against new data.

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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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TechCrunch

OCTOBER 29, 2020

Goodcover launched out of Y Combinator in February of this year with a mission to charge as close to what is needed as possible in premiums, using its own machine learning algorithm for underwriting. This differs from Lemonade, which is its own insurance carrier, but is similar to Hippo and many other new insurtech startups.

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TechCrunch

JANUARY 11, 2023

This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia to create custom insurance policies. . PasarPolis is able to underwrite insurance products because of its strategic partnership with Tap Insurance.

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O'Reilly Media - Data

JUNE 5, 2018

Today, just 15% of enterprises are using machine learning, but double that number already have it on their roadmaps for the upcoming year. However, in talking with CEOs looking to implement machine learning in their organizations, there seems to be a common problem in moving machine learning from science to production.

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CIO

NOVEMBER 22, 2023

As a connected car data company focusing on the motor insurance sector, UK-based ThingCo is dedicated to developing next gen telematics built with the latest technology. I’ll go speak with the customer who did a ticket and learn so much. Insurance is a difficult one, though, because it’s a regulated market.

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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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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

NOVEMBER 28, 2022

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.

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TechCrunch

SEPTEMBER 2, 2021

Its products currently include motor and travel insurance policies that can be purchased online, and Sunday Health for Business, a healthcare coverage program for employers. The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs.

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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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Cloudera

NOVEMBER 16, 2020

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. The different venues to commit fraud against an insurer are mind-boggling, with serious financial consequences.

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Altexsoft

JUNE 14, 2021

In today’s society, insurers can no longer ignore the mounting expectations of customers. Clients now expect insurers to provide different levels of personalization that are fast, adaptable, and up to date. Is personalized insurance really the future of insurance? What is personalized insurance, and why is it important?

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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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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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The Accidental Successful CIO

SEPTEMBER 21, 2022

It turns out that it’s hard to find the right people to do machine learning Image Credit: deepak pal. The good news is that there is new technology that is available to allow this to be done: machine learning. The bad news is that this machine learning stuff requires smart people to implement it.

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Trigent

MARCH 29, 2023

The insurance sector has been one of the early adopters of advanced technologies such as artificial intelligence (AI), robotic process automation (RPA), and machine learning (ML) which played a pivotal role in managing complex tasks during the pandemic. The answer lies in hyperautomation!

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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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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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The Accidental Successful CIO

SEPTEMBER 22, 2021

However, at banks, insurers and other financial companies their use of artificial intelligence is being especially hampered by a scarcity of data and talent. Learn what you need to know to do the job. The post How Serious Is The Lack Of Machine Learning Talent? Why Hiring AI Talent Is So Hard To Do.

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Altexsoft

NOVEMBER 17, 2021

So businesses employ machine learning (ML) and Artificial Intelligence (AI) technologies for classification tasks. Namely, we’ll look at how rule-based systems and machine learning models work in this context. An example of document structure in healthcare insurance. Source: affine.ai.

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CIO

NOVEMBER 16, 2023

As part of your enterprise AI pillar, you use the phrase ‘information advantage’ to signify a strategy of leveraging data, advanced analytics, and machine learning to unlock value for your business and customers. As we look at the future of insurance, new risks are emerging. Can you expand on that?

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Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

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Erik Bernhardsson

APRIL 21, 2015

There’s a bunch of companies working on machine learning as a service. Instead of the negative let’s go through the ways I think a machine learning API can actually be useful (ok full disclosure: I don’t think it’s very many). A general purpose outlier detection is not as useful as a model to detect insurance fraud.

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