With 90% of carriers actively investing in new data projects, project failure is not an option.
Artificial intelligence (AI) and machine learning (ML) have become mainstays in the insurance industry, equipping insurance companies with tools that can help them to become more…Continue
Added by Insurance Nexus on January 28, 2020 at 2:39pm — No Comments
Integrating ESG factors into investment decision making is no longer optional, it’s a must. Larry Fink’s recent letter to CEOs re-iterated that long-term decision-making is at the forefront of client demands. The talk has shifted to real investment action.
The Global Sustainable Investment alliance has valued sustainable…Continue
Added by Insurance Nexus on January 22, 2020 at 1:51pm — No Comments
The insurance industry is facing the challenges of disruption caused by the technological advancements in artificial intelligence (AI) and machine learning (ML). Insurance carriers are now able to know more about their customers than ever before. They can use data mining with AI and ML to develop compelling product offerings. Customers may…Continue
Added by Insurance Nexus on January 20, 2020 at 1:15pm — No Comments
As customer expectations have risen thanks to new platforms and products, so too has the level of technological sophistication as artificial intelligence, chatbots, drones, telematics and apps have become common in multiple industries. The insurance industry is now at a critical juncture as carriers seek to transform their claims processes, using new technologies to meet rising customer expectations and reduce costs. According to a recent survey, over 70% of insurance carriers are looking to…Continue
Added by Insurance Nexus on January 17, 2020 at 5:19pm — No Comments
As insurance carriers look to technology to meet customer demands at scale, how carriers react to competition and rising customer expectations today will define their success tomorrow. From providing bespoke products, instant customer service and real-time risk monitoring, the likes of AI, machine learning and other innovative technologies are proving the only means through which insurance carriers can meet the high demands of consumers today.
Likewise, managing the backend…Continue
Added by Insurance Nexus on January 6, 2020 at 2:46pm — No Comments