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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. AR & VR are emerging & revolutionary technologies that are making inroads into conversations at all levels of technology leadership.

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Automating Insurance Eligibility Verification Process using AI/ML

Sunflower Lab

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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5 hot IT budget investments — and 2 going cold

CIO

Hot: AI and VR/AR With digital transformations moving at full throttle, and a desire to stay innovative, it should come as no surprise that use cases for virtual reality, augmented reality, and artificial intelligence continue to grow in several verticals.

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5 Technology Trends Shaping up the Insurance Industry

Apiumhub

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. Here are some technology-related investment suggestions that you can target and take your insurance business to another level. Trend #2 – Virtual Reality.

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Extra Crunch roundup: China’s new data privacy law, fractional farming, debt vs. equity

TechCrunch

“We aren’t so easily categorized,” said Better CEO Vishal Garg, who told Ryan that the company plans to soon expand into traditional financial services like auto loans and insurance. The answer to bringing sustainability to the industry, she says, is using tech to personalize the retail experience: AR virtual try-on with shade matching.

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Was Quibi the good kind of startup failure?

TechCrunch

Root Insurance plans pricing as Datto goes public. Next to market, Root Insurance released its stock pricing set this week, raising the goal to a valuation above $6 billion. AR/VR is coming (sooner than expected). But now, the pandemic has made the value of augmented and virtual reality clearer to the world.

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Impact of technology on insurance industry

Hacker Earth

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are. Talent (87%). IT security (53%). Blockchain.