Full article with thanks to: techround.co.uk/tech/generative-ai-future-insurance-pricing-software The insurance sector has been slow to adopt widespread process transformation to modernise traditional practices and explore new opportunities. Incorporating cutting-edge insurance technologies like Generative AI holds significant promise for insurers. Generative AI refers to a subset of Artificial Intelligence systems designed to generate content, such as text, images, and audio, mimicking existing data from various …
Tech Innovations Reshaping Insurance Underwriting: A Top 10 Overview
Full article with thanks to: techround.co.uk/guides/tech-improves-underwriting-decisions-insurance In the rapidly evolving landscape of the insurance industry, technology has become a driving force behind enhanced efficiency, accuracy, and innovation. One of the critical areas where technology is making a substantial impact is underwriting. Underwriting decisions form the bedrock of insurance, determining the risk profile of policyholders and setting premiums accordingly. In this article, we …
How Customer Value Drives the Digital Transformation Path
Full article with thanks to: forbes.com/sites/forbesbusinesscouncil/2023/06/26/before-you-manage-others-manage-yourself-first/?sh=14ab35591b20 During the past several years, the digitisation of business processes accelerated more than anyone thought possible. Overall, these changes had a positive impact on businesses, enabling them to meet market demand, overcome staff and supply chain shortages and even find more efficient paths to market and revenue. While the collective experience has been a …