Willis Re, the reinsurance division of broker Willis Towers Watson, has entered into a strategic partnership with London-based insurtech company Concirrus.
Trust and perception remain major barriers to gathering and analysing more data from the property market to help the insurance industry mitigate loss and reduce costs, delegates heard during a panel discussion held at the Intelligent Automation event being held in London today (Tuesday May 21).
Claims management can benefit from the new artificial intelligence technologies that are emerging in the insurance industry.
Innovation is driving new insurance start-ups, suggests a panel at the Insurtech Showcase presentation during the Intelligent Automation event being held in London today (Tuesday, May 21), sponsored by Slice Labs.
The standardisation of data in the insurance industry is the key to successfully using artificial intelligence (AI) in the future of the insurance industry, according to Ken Marke, chief marketing officer, B3i.
Insurers that can show more empathy to their customers, especially in relation to the claims journey, will steal a march on their rivals – and artificial intelligence (AI) could be the key to making this a reality.
A better term for artificial intelligence (AI) is 'actionable insight', as insurance companies can use better chosen data to identify opportunities in the marketplace.
Artificial intelligence can and will transform underwriting, according to part of a presentation held at the Intelligent Automation event being held in London today (Tuesday May 21), called ‘Unlock Superior Underwriting Performance With Artificial Intelligence,’ sponsored by Cytora.
When it comes to technology strategy, most insurance companies are actively behaving like Boeing in its well documented case of technology “misalignment with the 737 Max”, delegates heard at the Intelligent Automation event being held in London today (Tuesday May 21).
Innovation is a fact of life in the insurance market and insurers need to adapt to it if they want to continue to do business in this area.