Remove Artificial Inteligence Remove Compliance Remove Insurance
article thumbnail

From legacy to lakehouse: Centralizing insurance data with Delta Lake

CIO

In 2025, insurers face a data deluge driven by expanding third-party integrations and partnerships. Specifically, within the insurance industry, where data is the lifeblood of innovation and operational effectiveness, embracing such a transformative approach is essential for staying agile, secure and competitive.

Insurance 165
article thumbnail

EXL’s Insurance LLM transforms claims and underwriting

CIO

As insurance companies embrace generative AI (genAI) to address longstanding operational inefficiencies, theyre discovering that general-purpose large language models (LLMs) often fall short in solving their unique challenges. Claims adjudication, for example, is an intensive manual process that bogs down insurers.

Insiders

Sign Up for our Newsletter

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

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

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. 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.

article thumbnail

Accelerating AI at scale without sacrificing security

CIO

An evolving regulatory landscape presents significant challenges for enterprises, requiring them to stay ahead of complex, shifting requirements while managing compliance across jurisdictions. are creating additional layers of accountability. are creating additional layers of accountability.

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

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.