Remove Compliance Remove Insurance Remove Security
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

Accelerating AI at scale without sacrificing security

CIO

For others, it may simply be a matter of integrating AI into internal operations to improve decision-making and bolster security with stronger fraud detection. According to a Cloudera survey, 72% of business leaders agree that data governance is an enabler of business value, underscoring the critical link between secure data and impactful AI.

Insiders

Sign Up for our Newsletter

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

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.

article thumbnail

How to manage third-party cybersecurity risks that are too costly to ignore

TechCrunch

Jon Siegler Contributor Share on Twitter Jon Siegler , co-founder and chief product officer of LogicGate , has over a decade of experience in designing customer-centric enterprise risk and compliance systems. How to manage third-party cybersecurity risks that are too costly to ignore by Ram Iyer originally published on TechCrunch

How To 246
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. Before we go further, let’s quickly define what we mean by each of these terms.

article thumbnail

Laika laps up $50M for its automated security compliance platform

TechCrunch

Compliance with privacy and security frameworks like SOC 2, HIPAA and GDPR has become a central component not just of how organizations build trust with their users, but of how organizations work together these days: fail to meet the requirements of these frameworks, and you might lose your business relationship.

article thumbnail

Operational resilience delivered: BMC Helix helps financial institutions meet compliance

CIO

DORA mandates explicit compliance measures, including resilience testing, incident reporting, and third-party risk management, with non-compliance resulting in severe penalties. Governance and compliance reporting: Meeting governance standards is vital for avoiding fines and reputational damage.