Data/Intelligence

In the not-so-distant past, navigating through the bustle of public transport meant holding onto a paper ticket. However, the concept has swiftly become a relic of a bygone era. The transition from traditional paper tickets to e-tickets has resulted in more convenience and efficiency. Apart from reducing the environmental impact, this shift has streamlined the ticketing process, offering passengers instant access through their smartphones or other digital devices, as Scanbot SDK explains.

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. 

Cloud-native insurance platform Novidea has named Yaniv Cohen as its new chief customer officer.

The buzz around Generative Artificial Intelligence (AI) in the insurance sector is undeniable. Each keynote, panel, and networking break at business conferences seem to orbit the potential of AI to revolutionise the industry by generating content, streamlining processes, and enhancing efficiency. Yet, this growing excitement begs a critical question: Is Generative AI truly the breakthrough the insurance sector needs?

Actuaries, often dubbed as mathematical risk managers, play a pivotal role in the insurance industry. Their expertise in quantifying and managing risk is essential for insurers in a market where financial responsibility for potential negative outcomes is traded. However, determining the cost of this responsibility isn't a straightforward task; it involves estimating expected losses akin to manufacturing costs for tangible goods. Yet, setting a price demands more than just knowing costs; it requires calibrating profit margins to market realities and consumer behaviours. InsurTech Quantee delves into the intricate process, known as price optimisation.

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

In the rapidly evolving world of insurance and InsurTech, the term "big data" is gaining significant traction. With implications for risk assessments, policy pricing and customer interactions, insurance industry professionals explore how it is driving innovation.

Cyber InsurTech Coalition has announced groundbreaking integrations with prominent cloud services providers, Microsoft 365, Google Workspace®, and Amazon Web Services.

The Guardian Life Insurance Company of America® has announced the appointment of Steve Rullo, an esteemed digital and technology leader, to the role of Chief Digital and Technology Officer.

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.