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Why a data-first culture is key to unlocking value from AI in insurance

CIO

Data is the lifeblood of the modern insurance business. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing, and driving business decisions from that data. There are lots of reasons for this.

Insurance 197
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Are enterprises ready to adopt AI at scale?

CIO

Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry.

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AI in action: How enterprises are scaling AI for real business impact

CIO

To capitalize on the enormous potential of artificial intelligence (AI) enterprises need systems purpose-built for industry-specific workflows. It orchestrates AI models alongside human expertise and analytics to help businesses harness AI without getting slowed down by technical complexities, Kapoor said.

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Accelerating AI at scale without sacrificing security

CIO

For some, it might be implementing a custom chatbot, or personalized recommendations built on advanced analytics and pushed out through a mobile app to customers. With the rise of AI and data-driven decision-making, new regulations like the EU Artificial Intelligence Act and potential federal AI legislation in the U.S.

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Cowbell raises $100M to build out its AI-based cyber insurance platform for SMBs

TechCrunch

Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. “Underwriting cyber insurance for SMEs is a more dire prospect than for large enterprises,” he said.

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AI in action: Stories of how enterprises are transforming and modernizing

CIO

Generative and agentic artificial intelligence (AI) are paving the way for this evolution. In commercial insurance, most carriers are aware of genAIs transformative potential and are already experimenting with it, said Su Fen Lim, senior vice president at Tokio Marine Kiln.

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How AI orchestration has become more important than the models themselves

CIO

At EXL, we recently launched a specialized Insurance Large Language Model (LLM) leveraging NVIDIA AI Enterprise to handle the nuances of insurance claims in the automobile, bodily injury, workers compensation, and general liability segments.