AI & Machine Learning

Outmarket AI Tool Streamlines Insurance Sales Proposals
Insurance Outmarket AI Tool Streamlines Insurance Sales Proposals

The intricate and often tedious process of crafting commercial insurance proposals has long been a significant operational bottleneck for brokers, consuming valuable hours that could otherwise be dedicated to client engagement and strategic growth. In a landmark move poised to reshape this

NAIC's AI Oversight Tool Draws Industry Criticism
Technology & Trends NAIC's AI Oversight Tool Draws Industry Criticism

The complex algorithms that now determine everything from car insurance premiums to life insurance eligibility are operating largely behind a digital curtain, a reality that state regulators are determined to change. As the insurance industry rapidly integrates artificial intelligence into its core

Can MGAs Afford to Ignore Digital Transformation?
Technology & Trends Can MGAs Afford to Ignore Digital Transformation?

A recent industry poll reveals a startling reality within the managing general agent sector: exactly half of all MGAs are only just beginning their digital transformation journey, struggling with outdated technology stacks while their competitors accelerate into the future. This significant divide

UConn Student Wins ACORD Challenge With AI Pet Insurance Data
Technology & Trends UConn Student Wins ACORD Challenge With AI Pet Insurance Data

The complex world of insurance underwriting met a powerful new ally when a University of Connecticut graduate student used artificial intelligence to streamline the chaotic data landscape of the booming pet insurance market. Manasa Ramaka, a graduate student pursuing a Master of Science in Business

How Will AI's Next Wave Impact Insurance?
Technology & Trends How Will AI's Next Wave Impact Insurance?

The insurance sector is currently navigating a period of unprecedented complexity, grappling with emerging global risks and evolving customer demands for seamless digital interactions that match experiences in retail and banking. This intense pressure is catalyzing a profound technological shift,

Kyndryl Recognized as a Leader in AI Insurance Services
Technology & Trends Kyndryl Recognized as a Leader in AI Insurance Services

The traditionally risk-averse insurance industry is now undergoing a profound technological metamorphosis, driven by the imperative to leverage artificial intelligence for competitive survival and growth. In a significant affirmation of its pivotal role in this transformation, enterprise technology

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