Five Ways AI and Data Are Transforming the Insurance Space In the digital era of innovative products and services, Insurtech technologies are bringing great opportunities to the insurance sector and accelerating the industry’s transformation. Advances in AI and data science are leading insurers toward the effective use of machine learning, data modeling and predictive analytics […]
About Mike de Waal
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Entries by Mike de Waal
Self-driving cars that are insured by the manufacturer. Smart homes that warn of perils in real time. Predictive analytics and automated underwriting and renewals. Wearables that measure your daily activity. Drone, sensor and video technology that help insureds avoid losses. One can’t help but ask, what do innovations like these mean for conventional insurance? They […]
Telemetry, IoT, wearables, AI, chatbots and drones are tools that help group Insurers better engage with customers and improve business processes. There is one thing that all of these technologies have in common: data.
Insurance technology ties it all together Many Insurers have made progress in automating some aspects of their group insurance benefits. But underwriting, quoting / rating and renewals are often still bogged down in manual processes.
Artificial intelligence is booming in insurance. In a recent report, Celent identified AI use cases around the globe and across the insurance value chain. Uses include customer engagement (USAA’s Nina), product optimization (Celina Insurance Group, Protektr), marketing and sales (Usecover, Insurify, Optimal Global Health, Ping An) underwriting (ZestFianance, SynerScope, Intellect SEEC, Swiss Re), claims (Tractable, […]
There are many reasons we travel for business, but regardless of why or where you are setting off to, we all go through a relatively similar protocol. For those of us that travel a little more often, tips and routines can develop that save time and headaches when it comes travel. Here are a few […]