digital (121)

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 requirements of the te

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8028309281?profile=originalIn an age where customers are demanding their Insurance Carrier be more like Amazon or PayPal with a smooth, touchless customer experience, Insurance Carriers face multiple obstacles to satisfying this demand. Chief among them is the overwhelming multitude of technologies available to reach that touchless claims goal.

 

77% of insurance carriers will invest in automation in the next few years to achieve seamless claims. The incredible potential to leverage technology stretches across the claims la

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In an era of digital business and rapid technology change, virtually no company can ignore the imperative to innovate. Failing to do sopic-1-5-Principles-of-Innovation-Strategy-300x200.jpg?profile=RESIZE_710x is an invitation to lose business.

To learn how companies are responding to this mandate, PwC conducted a major global study in 44 countries. The goal was to understand how leaders view innovation and what is being done to reap its rewards. Findings showed that companies are struggling with aligning innovation efforts with business strategy. Companies across a wi

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LONDON, 22 NOVEMBER 2019: Insurance leaders to join Insurance Nexus to discuss strategies to successfully implement insurance technology, Wednesday, December 11, 10am EDT.

It is generally now accepted that for insurance, innovation is a ‘must-have’, rather than a luxury. To attract and retain consumers today, to remain competitive and efficient in business, Insurance companies are increasingly turning to the growing number of technological solutions on the market, such as AI, chatbots, automation

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Businesses are getting increasingly complex and so are customers’ expectations. Digital organizations are digitizing their critical Customer Journeys at scale to outperform competition. These organizations are using Digitization to create streamlined journeys, which result in more agile IT units, quick delivery of new products, and improved Customer Experiences and Engagement.

But before embarking on digitization and streamlining Customer Journeys, organizations need to transform their products,

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Connected Insurance USA Summit (Nov 20-21, Chicago) is bringing together over 700+ senior insurance leaders to redefine the future of insurance.

 

With over 350 executives already registered to attend, this will be the largest executive gathering for forward-thinking carriers. CEOs, COOs, CMOs, SVP and VPs from Product, Customer, Claims, Technology and Innovation know that this is the time to act and leverage innovative technology to boost efficiency and customer experience or risk survival. This

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Digital-savvy startups are disrupting markets and threatening conventional businesses.  They are doing this by utilizing technology to offer new products and services and providing tailored yet uncomplicated experiences for their customers.

Likewise, large traditionally-run firms will have to keep evolving their Customer Experience approaches to secure additional avenues of revenue and to stay competitive.  To accomplish this, they will need to develop capabilities to effectively utilize insights

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Building on its previous success, Insurance Nexus are delighted to announce the return of the Connected Insurance USA Summit, which will take place November 20-21 at the Radisson Blu Aqua Hotel, Chicago Illinois.

As new technologies from artificial intelligence to IoT technology continue to enable both operational efficiency and superior customer experiences, evidence shows that now is a critical time for insurance transformation in North America. Integration of technology at scale, in concert wi

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LONDON: C-level summits focusing on convergence of insurance and technology to return to London, Chicago, Toronto and Amsterdam in 2020, Insurance Nexus have just announced.

Statistical and anecdotal evidence suggest the global insurance industry is in an unparalleled state of flux; new technology has entered the market at the same time as a focus on customer-centricity has pervaded virtually every industry. Accordingly, 96% of 500 respondents to a recent Insurance Nexus survey agreed that “carri

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Due to its ability to reduce security staff and management workload, AI-based video surveillance and analytics are seeing an increase in acceptance. Using artificial intelligence technology in video analysis can offer companies substantial advantages in the identification and informing of unforeseen events. The key technologies that transform camera-based security systems include object recognition, face recognition, event recognition, remote asset management, intelligent image processing, and a

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The ability to accurately discern the past and predict the future based on nothing but data points and the experience of actuaries and adjusters has served the industry well up to now. Insurance is, after all, a multi-billion-dollar, truly global industry. While this remains the case, the landscape is now radically different to the past, thanks in part to the advent of the Internet of Things (IoT). The use of these technologies that collect, record and transmit live data has proliferated exponen

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To address this question, and more, Insurance Nexus will be joined on Wednesday, September 8th for an exclusive webinar, Key Strategies to Deliver for Future Readiness, taking place at 11am ET. Moderator Paul Winston (Chief Operating Officer, Insurance Thought Leadership) will be joined by Scott Steele (Vice President and Chief Marketing Officer, Church Mutual Insurance Company) and Racquel L Santana (Vice President, eBusiness Strategy and Execution, Travelers) to discuss the strategies they are

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There are 12 categories of awards, recognizing teams and leaders from across customer, claims and innovation units, as well as from product, business, brokering and leadership positions. The ‘North American Business Transformation of the Year’ category recognizes an organization who has significantly transformed how their business operates over the past three years and are seeing tangible benefits from this transformation. The judges were tasked with identifying the greatest impacts from technol

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To some, it is magic. To insurance, it is reality. The ability to accurately discern the past and predict the future based on nothing but data points and the long-lived experience of actuaries and adjusters has served the industry well up to now, allowing insurance to become the multi-billion-dollar industry it is today. The past few years, however, have witnessed in a dramatic shift to this picture, prompted by the advent of the Internet of Things: technologies that collect, record and transmit

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CHICAGO: Insurance Nexus webinar to explore how insurance carriers can collaborate with brokers and clients to build customer-centric cyber insurance policies, July 30th, 11am ET

Cyber-crime is not new, but as the methods of nefarious actors have become more sophisticated, the defensive capabilities of organizations have failed to keep pace. Cyber-attacks on organizations show no signs of abating, they are becoming increasingly indiscriminate in their targeting, with small and medium sized firms

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From day-to-day operations, to the very relationship between insurers and policyholders, it is no exaggeration to say that Artificial Intelligence (AI) represents the biggest potential for transformation that insurance has witnessed since the invention of the computer, even changing the very nature of the insurer-customer relationship. Insurance Nexus held a series of interviews with Canadian Insurance executives and thought leaders, to understand how they are preparing for the AI-dominated futu

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Application transformation market is growing with cloud and big data technologies, which has raised up the transformation process to the very next level. The enterprises attempt in achieving a competitive edge, which helps in achieving the application transformation process. This application needs to be updated constantly with new technologies and progress the return on investment (ROI), which involves an agile methodology and also a scientific approach for removing the key risks and challenges

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The smart shoes market has surfaced with the integration of sports sensors and development of sports gadgets. Soft sensor networks are circuits made out of flexible sensors that are in-built into shoes, which further helps to measure the biomechanical data. The information gathered provides individual to keep a track of their movement and, in the best way, it prevents injuries. For example, Stridalyzer is an insole detecting the force and pressure, which also helps in injury prevention.

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What are

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The recent and rapid growth in cyber-crime is proving something of a double-edged sword for insurance carriers; opportunities for coverage are expanding rapidly, with PWC predicting the cyber market to grow to $7.5 billion by the end of the decade, up from $2.5 billion in 2018. With the sector in its formative years and not all consumers convinced of the need for cyber coverage, most carriers are competing by offering expanding cyber coverage without charging additional premiums, at significant

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Digital Signage Market has created a buzz in recent times. This generally provides insights into the solutions provided by major players, consisting of professional services, integration solutions, and providers of hardware. This study consists of different end-user-based applications such as industrial, institutional, commercial, etc. It mainly features signage products like sign billboards, boards, kiosks, etc.

What Is Digital Signage?

Digital signage, known as dynamic signage, electronic signag

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