Insurance
-
Generative AI in Insurance and Migration to Cloud Platform
By Yuvamalaveka Mathavamani On 1 Apr 2024Insurers globally are acknowledging the significance of updating their technological infrastructure. According to a survey by Gartner, Inc., with evolving organizational dynamics and rapid technology change, 87% of marketers are concerned about technological enhancements, including GenAI, which might lead to...
-
A Revolutionary Approach: Exploring Usage-Based Insurance with Next-Gen Technologies
By Anusha GS On 27 Mar 2024In the ever-evolving landscape of auto insurance, traditional models often rely on generalized factors that may not accurately reflect an individual's driving behavior. However, a paradigm shift is underway with the advent of Usage-Based Insurance (UBI). This innovative approach harnesses...
-
Insurance Technology Trends
By Yuvamalaveka Mathavamani On 22 Dec 2023Technology has shifted the path of almost every industry at an unprecedented pace and the insurance sector is no exception. As we approach 2024, insurers are taking advantage of innovative technologies to meet the evolving expectations of customers and simplify...
-
Transforming the Insurance Premium Audit Landscape with Emerging Technologies
By Veluru Harish, Pooja K C, Ankush Raj, Hanisha V Lokhande On 11 Apr 2023An essential step in the insurance process is the premium audit which confirms that the insured has paid the appropriate premium based on their real exposure to risk during the policy duration. The insurance company or a third-party auditor performs...
-
Straight-Through Processing in a Modern Insurance Claims Management
By Anand Kumar Loganathan On 15 Mar 2023Insurance claims are a critical part of the customer experience, in fact, the time taken for an insurance company to satisfactorily settle a claim is viewed as the number one measure of customer satisfaction. After paying premiums for years together,...
AI/ML/RPA Embedded Insurance First Notice of Loss (FNOL) Insurance Modern Insurance Straight Through Processing
Tag Cloud
Subscribe for blog updates