Insurance organizations are taking their first steps into a new age—one that tailors itself to fit every moment. It’s an era when insurance products and services evolve and adapt according to customer behaviors and context—from hyper-personalized marketing to telematics-driven auto insurance that rewards safe driving to parametric travel policies that instantly pay compensation when a… Continue reading An Inside Look at the Post-Digital Age for Insurers: Accenture Report
Tag: AI
QBE North America Enhances Claims Service with Text Communications Driven by AI
QBE North America, an Integrated Specialist Insurer, today announced the availability of artificial intelligence-based services called TextQBE to help enhance conversations with customers during the claim process. The move is part of the company’s commitment to providing customers with an unparalleled experience of excellence. Through the new innovation, some customers reporting claims will receive immediate… Continue reading QBE North America Enhances Claims Service with Text Communications Driven by AI
Axa-Backed Sayata Labs Raises $6.5M for AI that Assesses Cyber Risk
Sayata Labs, a Tel Aviv startup developing an AI software-as-a-service (SaaS) solution that empowers insurance brokers to assess businesses’ cyber risk, today emerged from stealth with $6.5 million in seed funding led by Elron. CEO and cofounder Asaf Lifshitz said the fresh capital will be used to “accelerate” global operations. “This investment is a vote… Continue reading Axa-Backed Sayata Labs Raises $6.5M for AI that Assesses Cyber Risk
Aon and Zesty.ai Revolutionize Underwriting with Property Data Solution Powered by Artificial Intelligence
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has established a strategic alliance with Zesty.ai, an InsurTech startup based in the San Francisco Bay Area. Zesty.ai’s technology enhances insurers’ underwriting through access to more than 130 billion data points on buildings and their surroundings which… Continue reading Aon and Zesty.ai Revolutionize Underwriting with Property Data Solution Powered by Artificial Intelligence
Chatbots Using AI Are Selling Insurance in 2019
Over $2 billion is estimated to be invested throughout 2019 in InsureTech companies. Artificial Intelligence, Automation, and Blockchain are driving technology disruption in the insurance industry. They are making insurance shopping experience much better for consumers. Meanwhile also improving service for policyholders who need help with renewals, claims, and add-on products and services. This is… Continue reading Chatbots Using AI Are Selling Insurance in 2019
Artificial Intelligence and Its Increasing Impact on the Insurance Industry
The use of artificial intelligence (“AI”), which may be defined as the development of computer systems able to perform tasks normally associated with human intelligence, has grown exponentially across various industries over the past decade. This trend is expected to accelerate due to declining technology costs, improving AI software, and expansions in the amount of… Continue reading Artificial Intelligence and Its Increasing Impact on the Insurance Industry
2019 Cyber Security Predictions: Symantec
In anticipating the major cyber security and privacy trends for the coming year, you can find plenty of clues in the events of the past 12 months. Among the now familiar forms of attack, cyber hacks of major corporate systems and websites continued in 2018 and will inevitably be part of the 2019 cyber security… Continue reading 2019 Cyber Security Predictions: Symantec
Leaders Need to Rethink Work to Get the Most Out of AI and Automation: WTW
Leaders need new tools to increase automation in their organizations, says Ravin Jesuthasan, future of work expert and Managing Director at Willis Towers Watson, in a new book published this week. Reinventing Jobs: a 4-step approach for applying automation to work, co-authored with human capital thought leader John Boudreau, presents a four-step framework to give… Continue reading Leaders Need to Rethink Work to Get the Most Out of AI and Automation: WTW