IBM Big Data Hub

MAY 8, 2023

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.

Insurance 72

Insurance Risk Artificial Intelligence Government 72

Privacy and Cybersecurity Law

SEPTEMBER 15, 2021

Artificial intelligence feeds on data: both personal and non-personal. It is no coincidence, therefore, that the European Commission’s “ Proposal for a Regulation laying down harmonized rules on Artificial Intelligence ”, published on April 21, 2021 (the Proposal), has several points of contact with the GDPR.

Artificial Intelligence 52

Artificial Intelligence Personal data GDPR Compliance 52

IBM Big Data Hub

JUNE 23, 2023

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.

Insurance 59

Insurance Cloud Digital transformation Customer Experience 59

OpenText Information Management

JULY 5, 2023

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.

Artificial Intelligence 52

Artificial Intelligence Insurance Analytics Customer Experience 52

Info Source

JUNE 11, 2020

June 9, 2020 – ABBYY< [link] >, a Digital Intelligence company, today launched a global initiative to promote the development of trustworthy artificial intelligence (AI) technology. MILPITAS, Calif., ABBYY is a global company with offices in 13 countries.

Artificial Intelligence 52

Artificial Intelligence Digital transformation Insurance Privacy 52

Security Affairs

JANUARY 7, 2024

Experts spotted a new macOS Backdoor named SpectralBlur linked to North Korea Merck settles with insurers regarding a $1.4 Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Artificial Intelligence 95

Artificial Intelligence Data breaches Security Ransomware 95

Security Affairs

JANUARY 4, 2024

“Suspicious activity should be promptly reported to relevant parties including an insurance company, health care provider, and/or financial institution.” Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, Artificial Intelligence)

Data breaches 114

Data breaches Artificial Intelligence Insurance Access 114

Information Management Resources

AUGUST 22, 2018

RPA in insurance has made its way into The New York Times, with an interesting articleabout how State Auto Insurance Companies has eliminated 25,000 hours of manual human work from their back office using screen-scraping process automation technology.

Artificial Intelligence 29

Artificial Intelligence Insurance IT 29

Info Source

JUNE 11, 2020

June 9, 2020 – ABBYY< [link] >, a Digital Intelligence company, today launched a global initiative to promote the development of trustworthy artificial intelligence (AI) technology. MILPITAS, Calif., ABBYY is a global company with offices in 13 countries.

Artificial Intelligence 40

Artificial Intelligence Digital transformation Insurance Privacy 40

CGI

AUGUST 21, 2023

These innovative technologies are moving providers and payers closer to patients.

Artificial Intelligence 74

Artificial Intelligence Insurance IT 74

Data Protection Report

JANUARY 4, 2024

5. Headlines in 2023 also had many references to artificial intelligence. The Federal Trade Commission (FTC) also addressed artificial intelligence and machine learning. The Consumer Data Privacy Act (SB 384), which goes into effect on October 1, 2024 (see § 14), can be found here: [link].

Privacy 111

Privacy Cybersecurity Artificial Intelligence e-Discovery 111

IBM Big Data Hub

AUGUST 2, 2023

Over the past several years, artificial intelligence has transformed HR and improved functions for new hires and current employees. Artificial intelligence (AI) can automate repetitive and time-consuming tasks, allowing HR professionals to focus on other strategies.

Artificial Intelligence 64

Artificial Intelligence Insurance Communications Analytics 64

Information Management Resources

NOVEMBER 17, 2017

The range of technologies that are part of the AI family give carriers a lot of options in using it.

Artificial Intelligence 32

Artificial Intelligence Insurance IT 32

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

Insurance 68

Insurance Financial Services Compliance Retail 68

Information Management Resources

FEBRUARY 21, 2018

Retail, insurance and government are three areas where AI will be implemented this year in ways we haven't seen before.

Artificial Intelligence 32

Artificial Intelligence Retail Insurance Government 32

OpenText Information Management

NOVEMBER 22, 2023

We’ve experienced economic, geopolitical, technological, and societal challenges over recent months with the ongoing cost-of-living crisis, high interest rates, inflation, global conflicts, catastrophic weather events, the rise in artificial intelligence such as ChatGPT, to name only a few.

Financial Services 57

Financial Services Artificial Intelligence Customer Experience Content services 57

Adam Levin

SEPTEMBER 4, 2019

The CEO of a UK-based energy firm lost the equivalent of $243,000 after falling for a phone scam that implemented artificial intelligence, specifically a deepfake voice. While the technology to generate convincing voice recordings has been available for a few years, its remains relatively uncommon in the commission of fraud.

Artificial Intelligence 93

Artificial Intelligence Insurance Security IT 93

CGI

FEBRUARY 28, 2018

Digital Customer Experience is becoming the deciding battlefield on the insurance landscape. Digital Customer Experience in many ways is becoming the deciding battlefield on the insurance landscape as to who will win through. p.butler@cgi.com. Wed, 02/28/2018 - 10:36. Although respective remits often tend to be company specific.

Customer Experience 40

Customer Experience Insurance Artificial Intelligence Retail 40

IBM Big Data Hub

JULY 11, 2023

Artificial intelligence is used in healthcare for everything from answering patient questions to assisting with surgeries and developing new pharmaceuticals, benefitting both patients and healthcare systems. How does artificial intelligence benefit healthcare?

Artificial Intelligence 57

Artificial Intelligence Insurance Healthcare Government 57

The Last Watchdog

AUGUST 8, 2022

Add in an increasing focus on data becoming a crucial enterprise asset—as well as the introduction of countless database and analytical tools, digital twins, artificial intelligence, and machine learning—and we are dealing with unprecedented technical complexities and risk.

Security 214

Security Artificial Intelligence Risk Cybersecurity 214

Information Management Resources

OCTOBER 15, 2018

Many carriers are leveraging some type of artificial intelligence to solve widely variant business problems.

Artificial Intelligence 37

Artificial Intelligence Insurance 37

Information Management Resources

APRIL 2, 2018

Those investing in artificial intelligence should consider exactly what the company will most benefit from, and which technology will help it reach those goals.

Artificial Intelligence 38

Artificial Intelligence Insurance IT 38

Information Management Resources

JUNE 6, 2018

Its venture arm is investing in a number of artificial intelligence companies, most recently machine-learning company HyperScience.

Artificial Intelligence 33

Artificial Intelligence Insurance IT 33

Everteam

MAY 29, 2019

To efficiently manage data, Everteam developed everteam.iFile, a solution based on Artificial Intelligence and Machine Learning to find, identify, manage and process information regardless of its location. iFile lifecycle: Insurance company case. One of the clients at the insurance company calls to report an accident.

Artificial Intelligence 75

Artificial Intelligence Insurance Metadata Big data 75

Data Matters

JUNE 12, 2020

electronic payments, check capture and online banking), the OCC lists some of the new technologies, the implementation of which may be hindered by ambiguous, burdensome or inflexible rules, such as blockchain, artificial intelligence, biometrics, cloud computing and big data/analytics. Comments are due by August 3, 2020. 31, 2020).

Artificial Intelligence 68

Artificial Intelligence Blockchain Financial Services Computer and Electronics 68

Info Source

JANUARY 17, 2019

While BPM was deployed to solve the insurance claims adjudication problem, individual claims adjusters were stuck with the processes and tasks controlled by the BPM platform. We are seeing these users driving faster adoption of intelligent automation to support their tasks with digital workers. .

Artificial Intelligence 40

Artificial Intelligence Digital transformation ECM Customer Experience 40

Information Management Resources

APRIL 27, 2018

Carriers looking to apply artificial intelligence and machine learning to business processes should make sure they understand the problem they are trying to solve, say panelists.

Artificial Intelligence 29

Artificial Intelligence Insurance 29

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Thu, 12/07/2017 - 15:43.

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

CGI

DECEMBER 5, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Tue, 12/05/2017 - 17:24.

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

Information Management Resources

JUNE 28, 2019

Approaches such as analytics, artificial intelligence and smart phone apps aim to improve care and save money.

Artificial Intelligence 29

Artificial Intelligence Insurance Analytics 29

Data Matters

SEPTEMBER 3, 2020

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

Insurance 68

Insurance Paper Artificial Intelligence Big data 68

IBM Big Data Hub

JANUARY 15, 2024

As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co., As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Mining 71

Mining Digital transformation Insurance Artificial Intelligence 71

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Sales 88

Information Management Resources

JANUARY 30, 2018

While the industry is concentrating on smaller plays right now, artificial intelligence has transformative implications for carriers and policyholders.

Artificial Intelligence 29

Artificial Intelligence Insurance 29

Information Governance Perspectives

APRIL 5, 2023

The following excerpt about Artificial Intelligence is based on the book Tomorrow’s Jobs Today , available at Barnes & Noble , Amazon , and other fine booksellers. John Danenberger, CPCU, is Corporate Counsel at State Farm Insurance and specializes in addressing emerging issues around telematics. What is Telematics?

Insurance 52

Insurance Military Artificial Intelligence Manufacturing 52

DXC Technology

JANUARY 9, 2020

The use of artificial intelligence (AI) technologies has spread across the insurance value chain. In product development, it enables insurers to create more profitable and effective products based on insights from past claims and product uptake in the market.

Insurance 13

Insurance Artificial Intelligence Marketing Risk 13

IBM Big Data Hub

FEBRUARY 14, 2024

When thinking of artificial intelligence (AI) use cases, the question might be asked: What won’t AI be able to do? But right now, pure AI can be programmed for many tasks that require thought and intelligence , as long as that intelligence can be gathered digitally and used to train an AI system.

Artificial Intelligence 86

Artificial Intelligence Retail Unstructured data Insurance 86