Data/Intelligence

Underwriting has often been considered the bedrock in which insurance policies are built upon. Coupled with a rigid loss control strategy, these tenets make up the heartbeat of the insurance industry, shaping its trajectory and resilience in the face of evolving challenges. A host of insurance industry experts delved into the changing roles of underwriting and loss control and discussed the future of risk engineering.

In the ever-evolving landscape of banking, financial services, and insurance (BFSI), a groundbreaking movement is underway, poised to revolutionise traditional operations and service delivery. At the forefront of this transformation is Intelligent Process Automation (IPA) – a pioneering blend of Artificial Intelligence (AI) and advanced process automation technologies. IPA is not merely an incremental improvement; it represents a paradigm shift, specifically engineered to automate written inquiries. InsurTech firm Simplifai investigates this pioneering technology. 

CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, has announced a new addition to its board of directors. 

Scanbot SDK is set to launch the Web Document Scanner Demo of its Barcode Scanner SDK, following the successful rollout of a browser-based demo last year. 

Quantee, the next-gen pricing platform, has announced a partnership with Sapiens International Corporation that is designed to provide insurers with end-to-end pricing capabilities.

Amidst the growing call to enhance the customer experience, many believe the time is now to incorporate artificial intelligence (AI) across the entire customer lifecycle. However, while this technological advancement holds immense promise, concerns have emerged regarding the potential detachment from human interaction, which some consumers may find disconcerting. Several industry experts weighed in on the debate as part of the Professional InsurTech Certificate course.

In today's rapidly evolving digital landscape, leveraging cutting-edge technologies like Generative AI (Gen AI) holds immense potential for businesses. However, ensuring success with Gen AI implementation within Enterprise Resource Planning (ERP) systems comes with its own set of challenges and considerations.

Coalition has struck a new multi-year capacity agreement with Aspen, to deploy cyber insurance capacity in the USA. 

As AI continues its ascent as a transformative force in the business landscape, the InsurTech sector has found itself as the latest realm aiming to tap into its remarkable potential. FinTech Global recently spoke to a host of industry experts in a bid to unravel the profound impact AI is poised to have on the space. 

Aon, a prominent global professional services firm, has announced it has acquired Humn.ai's technology assets and intellectual property in a bid to fortify its commercial fleet proposition.