Remove Analytics Remove Compliance Remove Insurance
article thumbnail

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
article thumbnail

Why thinking like a tech company is essential for your business’s survival

CIO

For us, that means remembering our core mission: providing risk management and insurance solutions to our customers in a way that helps them protect their businesses and families. Thats the mindset we need to bring into every business, whether were selling insurance, financial services, or something else entirely.

Company 186
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

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

CIO

This solution is designed to accelerate platform modernization, streamline workflow assessment and enable data discovery, helping organizations drive efficiency, scalability and compliance, said Swati Malhotra, AI solutions leader at EXL. We should expect this trend to transition to more strategic foundations on embedding AI, Lim said.

article thumbnail

Accelerating insurance policy reviews with generative AI: Verisk’s Mozart companion

AWS Machine Learning - AI

Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry, empowering clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions about global risks.

article thumbnail

Unleashing the multimodal power of Amazon Bedrock Data Automation to transform unstructured data into actionable insights

AWS Machine Learning - AI

It adheres to enterprise-grade security and compliance standards, enabling you to deploy AI solutions with confidence. Legal teams accelerate contract analysis and compliance reviews , and in oil and gas , IDP enhances safety reporting. Loan processing with traditional AWS AI services is shown in the following figure.

Data 103
article thumbnail

How to know a business process is ripe for agentic AI

CIO

In addition, can the business afford an agentic AI failure in a process, in terms of performance and compliance? The IT department uses Asana AI Studio for vendor management, to support help-desk requests, and to ensure its meeting software and compliance management requirements. Feaver asks.

How To 191