Introduction to AI-Powered Claims Automation The insurance industry is undergoing a rapid transformation, with AI-powered claims automation taking center stage. As claims and operation managers strive to reduce costs and improve efficiency, leveraging advanced technologies like Artificial Intelligence (AI) has become essential in
As someone in the insurance industry, have you noticed that Millennials are now a significant portion of the policyholders? And they are only going to keep growing! However, the insurance industry has been slow to change and embrace innovation, missing significant opportunities. Here’s why
Inflation is a natural part of any economy, but it can significantly impact the insurance industry. As the cost of goods and services increases, so does the cost of providing insurance coverage. This, in turn, forces insurance carriers to raise their premiums to
As an executive in the insurance industry, you know that managing claims can be a complex and time-consuming process. With the emergence of artificial intelligence (AI), there is now the potential to streamline this process and improve efficiency, accuracy, and customer satisfaction. Here
The transformations that insurance companies have been going through still have a lot of room for improvement, as there are still pains at various points in the value chain. Some of them are: Bad communication with the insured. Tedious and lengthy settlement processes.
More than 9,000 executives, entrepreneurs and investors from around the world gathered at the largest insurtech event in Las Vegas for ITC 2022, a unique opportunity to connect, understand the industry mindset and learn where the market is headed Over the course of
Am I ready to innovate? This is one of the questions that always crosses our minds when we take an important step, especially when discussing companies. Yes, it is something that can generate fear and even some anguish, but it is what makes
Whenever working with technology, it’s easy to forget the tremendous amount of work and logic that goes through our brains with little to no effort daily. Simple tasks such as comparing if two medicines are similar can be done to a certain degree
The most valuable assets in the insurance industry are their insureds. Communication, empathy, understanding, and support are necessary at every moment and are crucial to developing a long and prosperous relationship. Nevertheless, when we talk about an industry as traditional as the insurance
COVID-19 changed everything. We are currently facing a new scenario that may seem scary and complicated, but with the right tools, the insurance industry can move forward. This article will summarize the most important milestones of our webinar, Challenges for the insurance industry
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