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Is Artificial Intelligence relevant to insurance?

IBM Big Data Hub

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. The fascination of artificial intelligence History has shown that the human preoccupation with creating a machine which replicates human thinking had in fact been simmering for centuries.

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Regulatory Update: National Association of Insurance Commissioners Fall 2023 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2023 National Meeting (Fall Meeting) from November 30 through December 4, 2023. The post Regulatory Update: National Association of Insurance Commissioners Fall 2023 National Meeting appeared first on Data Matters Privacy Blog.

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Regulatory Update: National Association of Insurance Commissioners Summer 2023 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2023 National Meeting (Summer Meeting) from August 12–16, 2023. The post Regulatory Update: National Association of Insurance Commissioners Summer 2023 National Meeting appeared first on Data Matters Privacy Blog.

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The risks and limitations of AI in insurance

IBM Big Data Hub

Artificial intelligence (AI) is polarizing. In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. It excites the futurist and engenders trepidation in the conservative.

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Artificial Intelligence and decision support

OpenText Information Management

With seven billion people on the planet, every one of them making choices and having opinions, it may seem odd to say there aren’t enough people to make decisions, and that’s why we need help from artificial intelligence. Odd, but true.

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Harness digital tech to improve claims processing

OpenText Information Management

Mobile apps, artificial intelligence and advanced analytics are just some of the innovations shaking up the landscape for global insurers to help them meet the rising expectations of tech-savvy customers. Claims processing accounts for the lion’s share of property and casualty insurers’ expenses.

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The business value of operating core insurance solutions on the cloud

IBM Big Data Hub

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.