Applied Systems has acquired Planck, an AI company specializing in insurance, to expand its AI capabilities. This acquisition aims to improve digital insurance processes for agencies, carriers, and clients.
Tag: AI
AI’s Role in Revolutionizing Health Insurance
Artificial intelligence (AI) is set to revolutionize the health insurance industry by significantly cutting administrative and medical costs.
The Rising Role of AI in Insurance
Artificial intelligence (AI) is revolutionizing the insurance industry, offering unprecedented efficiencies in underwriting, claims processing, and customer service.
Music Labels Sue AI Companies Suno, Udio for U.S. Copyright Infringement
Major record labels Sony Music, Universal Music Group, and Warner Records sued artificial intelligence companies Suno and Udio on Monday, accusing them of committing mass copyright infringement by using the labels’ recordings to train music-generating AI systems.
U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI
Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated.
Cyber Threats Rise Along with Scrutiny of How Companies Respond
Cybersecurity threats increased for businesses over the past year, according to a Wall Street Journal survey of compliance professionals.
Neptune Flood Acquires Data Science Firm Charles River Data to Enhance AI-Driven Flood Insurance Solutions
Neptune Flood, the nation’s largest private flood insurance company, today announced its acquisition of Charles River Data, a renowned Boston-based data science consulting group.
Lemonade Narrows Net Loss to $47.3M; Employee Count Down 11% as Premiums Rise
Insurtech Lemonade Inc. narrowed its first-quarter net loss to $47.3 million from $65.8 million a year earlier as artificial intelligence enabled its “relentless pursuit of automation at every stage,” the company said in a shareholder letter.
ReSource Pro Releases 300th Research Report for P&C Insurance Leaders
ReSource Pro, a leading strategic operations partner to insurance organizations, today released new primary research titled “The Future of Embedded Insurance: Disruptor or Distraction?,” marking the 300th report delivered to the P&C community via its research practice, ReSource Pro Insights.
Nvidia Faces Lawsuit from Authors Over Alleged Copyright Infringement in AI Models
Tech giant Nvidia is facing a lawsuit from a group of authors who said it used their copyrighted works without their permission to train its artificial intelligence (AI) platform NeMo.