Altexsoft

SEPTEMBER 27, 2020

Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurants are not satisfied with their service providers.

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AWS Machine Learning - AI

MARCH 7, 2025

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.

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Generative AI Technical Review Insurance Policies 88

N2Growth Blog

OCTOBER 12, 2023

Crafting the Future: The Significance of Selecting the Right Insurance Executive In today’s fast-paced and ever-evolving business environment, securing the right insurance executive is more than a mere hiring decision —it’s a pivotal investment in the company’s future.

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Insurance Artificial Inteligence Recruiting Leadership 167

Exadel

JULY 6, 2022

The banking landscape is constantly changing, and the application of machine learning in banking is arguably still in its early stages. Machine learning solutions are already rooted in the finance and banking industry. Machine learning solutions are already rooted in the finance and banking industry.

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Artificial Inteligence Machine Learning Banking Fintech 140

TechCrunch

MAY 17, 2023

The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary MetLife Next Gen Ventures. Embedded means insurance or protection products that are embedded into the customer experience as they buy a product or sign up for a service.

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TechCrunch

NOVEMBER 28, 2022

The first tranche of $19 million was announced in March, and led by Cathay innovation with participation from ACA and returning investors OpenSpace. Other lead investors were the Women’s World Banking Asset Management (WAM), FinnFund, La Maison and returning investors Cathay Innovation.

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CIO

SEPTEMBER 12, 2022

A shift has occurred and IT is now viewed as an equal partner in driving business growth with CIOs recognized as the de facto leaders of innovation. Here, they and others share seven ways to create and nurture a culture of innovation. Innovation is a double-edged sword: It is critical to growth — but that’s also what makes it risky. “It

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TechCrunch

MAY 28, 2021

the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. A new startup called Justos claims it will be the first Brazilian insurer to use drivers’ data to reward those who drive safely by offering “fairer” prices. The process to get insurance in the country, by any accounts, is a slow one.

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Artificial Inteligence Insurance Meeting Artificial Intelligence 226

AWS Machine Learning - AI

APRIL 1, 2025

Whether youre looking to transform customer service, streamline operations, or gain deeper business insights, the Amazon Bedrock and MCP integration provides a flexible foundation for your next AI innovation. He has helped companies in insurance, financial services, media and entertainment, healthcare, utilities, and manufacturing.

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Generative AI AWS Artificial Inteligence Software Review 134

CIO

MARCH 25, 2025

and India drive the most AI/ML traffic: The United States and India recorded the highest volume of AI/ML transactions in the Zscaler cloud, reflecting strong enterprise adoption and a growing focus on AI-driven innovation.

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TechCrunch

MAY 13, 2022

Like many legacy markets poised for change, the insurance industry has already seen its first wave of innovation. brought a centuries-old product into the digital era by giving customers a way to apply for insurance online. That’s because insurance, fundamentally, is about risk.

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Insurance Sustainability Metrics Banking 238

MagmaLabs

NOVEMBER 4, 2024

As businesses strive to meet changing consumer demands and navigate a competitive landscape, AI is emerging as a key driver of innovation in finance. By utilizing machine learning algorithms, fintech companies can automatically monitor transactions for compliance violations and detect potential risks in real-time. Let's talk!

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AWS Machine Learning - AI

NOVEMBER 15, 2024

The flexible, scalable nature of AWS services makes it straightforward to continually refine the platform through improvements to the machine learning models and addition of new features. At Principal, the roadmap indicates a commitment to delivering continual innovation. 2024, Principal Financial Services, Inc.

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TechCrunch

MARCH 7, 2023

All said, Assured Allies joins with insurtech companies around the world that did manage to secure some decent funding recently, including Equisoft , Naked Insurance , Turaco and Acko. It has been proven to reduce the cost of long-term insurance claims by roughly 20%, Nahir told TechCrunch. Akilia Partners and Samsung Next.

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Artificial Inteligence Insurance Artificial Intelligence Machine Learning 237

TechCrunch

JANUARY 11, 2022

This demand for privacy-preserving solutions and the concomitant rise of machine learning have created significant momentum for synthetic data. MOSTLY AI’s typical clients are Fortune 100 banks and insurers, as well as telcos. it also results from a desire to innovate. ” Seeing more U.S.

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Altexsoft

APRIL 13, 2021

The insurance industry is notoriously bad at customer experience. In the last few years, Chinese tech giants have been making massive strides at becoming the center of insurance innovation. To compete, insurance companies revolutionize the industry using AI, IoT, and big data. Not in China though. Why automate claims?

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Artificial Inteligence Machine Learning Insurance Technical Review 87

CIO

FEBRUARY 23, 2024

Generative AI takes a front seat As for that AI strategy, American Honda’s deep experience with machine learning positions it well to capitalize on the next wave: generative AI. The first companies to take that step forward are likely to reap the benefits from faster and broader innovation.”

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Generative AI Innovation Automotive Technical Review 183

Hacker Earth Developers Blog

MARCH 5, 2019

Health insurance companies may find data capture by IoT-enabled wearables useful for detecting frauds and validating claims. Automotive telematics involves tracking driver behavior for various purposes, such as learning where and when people drive and determining accurate insurance premiums. Industrial IoT. Conclusion.

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IoT Internet Applications Innovation 283

TechCrunch

APRIL 22, 2021

To accomplish this, Medchart makes use of AI and machine learning to create a deeper understanding of the data set in order to be able to intelligently answer the specific questions that data requesters have of the information. So what are the business decision points that you’re trying to make with this data?”

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TechCrunch

MARCH 24, 2021

” That pre-COVID transformation that Pichette is referring to is Hopper’s shift from being essentially a machine learning-powered lowest fare finder to what co-founder and CEO Fred Lalonde says is really much more of a fintech company. And one that’s working really surprisingly well is the disruption insurance.”

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Mobilunity

DECEMBER 24, 2024

PRO TIP Insurers must act now: getting tech capabilities to the needed state will take years, and the industry is approaching a tipping point in which structures will shift very quickly. We’ve reviewed reports from McKinsey and Deloitte to explore how companies start driving growth through insurance modernization.

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Insurance Technical Review Trends Industry 89

AWS Machine Learning - AI

MARCH 3, 2025

You can also use this model with Amazon SageMaker JumpStart , a machine learning (ML) hub that provides access to algorithms and models that can be deployed with one click for running inference. Insurance agent has received a claim for a vehicle damage. ''' task = '''This claim includes two images.

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TechCrunch

OCTOBER 15, 2020

Savana , a machine learning-based service that turns clinical notes into structured patient information for physicians and pharmacists, has raised $15 million to take its technology from Spain to the U.S., the company said. The company has already processed 400 million electronic medical records in English, Spanish, German and French.

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Pharmaceuticals Artificial Inteligence Machine Learning Healthcare 182

TechCrunch

MARCH 21, 2022

We believe that the pathway from subsistence farming to farming as a business means partnering with that farmer and using our machine learning models to identify the farmers with the best prospects of graduating to higher-profitability crops.”. Image Credits: Zafaran Photography.

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TechCrunch

FEBRUARY 17, 2021

States Title has developed patented machine learning technology that it says reduces title processing time from five days to “as little as one minute” and cuts down the entire mortgage closing process “from a 40+ day ordeal to as little as six days.” . Startups are poised to disrupt the $14B title insurance industry.

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AWS Machine Learning - AI

FEBRUARY 8, 2024

They can enhance operational efficiency, customer service, and decision-making while reducing costs and enabling innovation. What factors determine my car insurance premium? How can I lower my car insurance rates? The insurance claims processing sample provides an example front-end for the evidence upload URL.

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Knowledge Base Insurance Lambda AWS 139

Altexsoft

SEPTEMBER 17, 2019

Or spend weeks, being suffocated by the bureaucracy of your insurance company just to get a refund after a minor car accident. Artificial Intelligence – is it simply a trendy word to put on your landing page or an innovation-ready use case? Just 30 years ago, you would have to wait days for a bank to approve your credit.

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Artificial Inteligence Machine Learning Insurance Banking 15

CIO

JULY 30, 2024

The launch of ChatGPT in November 2022 set off a generative AI gold rush, with companies scrambling to adopt the technology and demonstrate innovation. They have a couple of use cases that they’re pushing heavily on, but they are building up this portfolio of traditional machine learning and ‘predictive’ AI use cases as well.”

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Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

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CIO

NOVEMBER 8, 2023

The Fortune 500 company, born an insurer in Des Moines, Iowa, roughly a decade after the Civil War ended, is under pressure to provide customers with an integrated experience, particularly due to its expanded financial services portfolio, including the acquisition of Wells Fargo’s Institutional Retirement and Trust (IRT) business, Kay says.

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AWS Machine Learning - AI

MARCH 14, 2025

At AWS, Maira partners with enterprise customers to accelerate the adoption of agentic applications using Amazon Bedrock, helping organizations harness the power of foundation models to drive innovation and business transformation. Adarsh Srikanth is a Software Development Engineer at Amazon Bedrock, where he develops AI agent services.

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AWS Machine Learning - AI

DECEMBER 24, 2024

Model consolidation When working with distributed machine learning workflows, youll often need to manage and merge model weights efficiently. About the Authors Georgios Ioannides is a Deep Learning Architect with the AWS Generative AI Innovation Center.

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TechCrunch

APRIL 18, 2022

The two met through the startup’s investor Cathay Innovation , and the acqui-hire will pave the way for Laiye’s entry into the Europe market, said Wang. Concurrent with the fundraising announcement is Laiye’s acquisition of Paris-based chatbot service provider Mindsay for an undisclosed amount and transaction type.

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AWS Machine Learning - AI

JANUARY 29, 2025

Open foundation models (FMs) have become a cornerstone of generative AI innovation, enabling organizations to build and customize AI applications while maintaining control over their costs and deployment strategies. Outside of work, she loves traveling, working out, and exploring new things.

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TechCrunch

SEPTEMBER 12, 2022

In 2017, three entrepreneurs — Chris Hazard, Mike Resnick and Mike Capps — came together to launch a platform for building AI and machine learning tools geared toward the enterprise. ” Recently, the startup announced deals with Scanbuy and Mutua Madrileña, one of the largest insurers in Spain.

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AWS Machine Learning - AI

NOVEMBER 1, 2024

Enhanced visibility and control over AI-related expenses enables organizations to maximize their generative AI investments and foster innovation. Establishing application inference profiles for cost management Imagine an insurance provider embarking on a journey to enhance customer experience through generative AI.

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TechCrunch

OCTOBER 4, 2021

In a nutshell, Stable wants to give businesses — particularly those in the $8 trillion food and farming industry — a way to purchase insurance to protect themselves from potential volatility in commodity prices. The 50-person company is a regulated insurance business that works with “A-rated” re-insurers to take on the risk.

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