Tag: Generative AI

Sixfold, a pioneer in generative AI solutions for insurance risk analysis, has launched its AI Accuracy Validator, a tool designed to improve underwriter confidence in AI-generated risk assessments.

CompScience, an AI-driven InsurTech focused on workplace safety, has secured $27.6m in a Series B funding round led by Sands Capital.

Generative AI is revolutionising the insurance sector, particularly for wholesalers, by addressing critical challenges like reduced capacity, increased competition, and the demand for value demonstration.

Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital...

Imagine a world where insurance isn’t bogged down by endless paperwork, long processing times, and one-size-fits-all policies. Instead, envision a landscape where every interaction is tailored to fit your unique needs, claims are processed swiftly and accurately, and customer service is available around the clock. Welcome to the transformative era of generative AI in insurance. 

Clearcover, a leading InsurTech, is set to elevate its customer service experience through a new partnership with Ada. The collaboration will see Ada's generative AI-powered...

Generative AI, or GenAI, has rapidly shifted from a mere discussion point to a pivotal tool in business innovation, offering unprecedented efficiency and smart solutions. Ilya Mokin, head of R&D at Symfa, shares insights into integrating a ChatGPT bot within their in-house ERP system, highlighting the potential and challenges of custom on-demand reports and analytics.

The advent of generative AI is not just a futuristic vision but a present reality transforming how businesses communicate with customers. This cutting-edge technology, underpinned by large language models (LLMs) like GPT-4, BERT, ELECTRA, and RoBERTa, is setting new standards for customer interaction and service delivery. It enables systems that not only manage communications but also predict and adapt to customer needs with unprecedented personalization and efficiency.

The Black Car Fund, a not-for-profit organisation established by New York State, has announced its partnership with CLARA Analytics, a leader in the application of artificial intelligence in the insurance sector.

The buzz around Generative Artificial Intelligence (AI) in the insurance sector is undeniable. Each keynote, panel, and networking break at business conferences seem to...