AI & ML

How Will AI Transform Insurance Claims with Simplifai and Stillwater?
Risk Management How Will AI Transform Insurance Claims with Simplifai and Stillwater?

The insurance industry is undergoing a massive shift thanks to emerging technologies, and artificial intelligence (AI) is at the forefront of this transformation. Simplifai and Stillwater Insurance have recently embarked on a groundbreaking partnership to overhaul the traditional claims process.

August 19, 2024
Could AI Underwriting Revolutionize the (Re)Insurance Industry?
Regulatory & Compliance Could AI Underwriting Revolutionize the (Re)Insurance Industry?

In recent years, the integration of artificial intelligence (AI) into various sectors has proven to be transformative, and the (re)insurance industry is no exception. Aventum, a front-runner in InsurTech, has unveiled its latest innovation—the AI Underwriting Assistant. This groundbreaking tool is s

August 14, 2024
Are AI and Climate Change Shaping Insurance Priorities for 2024?
Technology & Trends Are AI and Climate Change Shaping Insurance Priorities for 2024?

The insurance industry is focusing on artificial intelligence and climate change as primary concerns for 2024, according to the latest findings from the International Insurance Society (IIS) Global Priorities Survey. The survey sought to identify the most pressing issues in the industry and collect

July 15, 2024
How Are Emerging Tech Trends Shaping Insurtech in 2024 and Beyond?
Technology & Trends How Are Emerging Tech Trends Shaping Insurtech in 2024 and Beyond?

The insurtech sector is undergoing a significant transformation, driven by cutting-edge technological advancements. As we navigate through the latter half of 2024, innovations in artificial intelligence (AI), Internet of Things (IoT), data analytics, and blockchain are continuing to revolutionize

July 15, 2024
AI Revolution in Insurance: Forecasted $91B Surge by 2033
Technology & Trends AI Revolution in Insurance: Forecasted $91B Surge by 2033

The surge of Artificial Intelligence (AI) in the insurance sector is shaping up to be one of the defining revolutions of the modern era. By 2033, it's anticipated that the integration of AI will rocket the industry's valuation from USD 5 billion in 2023 to an estimated USD 91 billion,

April 15, 2024
How is AI Revolutionizing Claims Management for Drivers?
Technology & Trends How is AI Revolutionizing Claims Management for Drivers?

Artificial Intelligence (AI) is transforming industries, and insurance is no exception. Claims management, known for its complex, paper-heavy processes, is being revolutionized by AI's entry. The Black Car Fund has emerged as a pioneer by embracing this technological tide through a strategic

April 5, 2024
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