Tag: Generative AI

Clearcover, the next-generation car insurance company, has announced the launch of its revolutionary generative AI solution.

Generative AI (GenAI) is fundamentally reshaping the insurance landscape, sparking innovation and driving customer-centric solutions. As the industry adapts to rapid technological advancements, the solution has emerged as a catalyst for change, revolutionising various aspects of the sector

In today's rapidly evolving digital landscape, leveraging cutting-edge technologies like Generative AI (GenAI) holds immense potential for businesses. However, ensuring success with GenAI implementation within Enterprise Resource Planning (ERP) systems comes with its own set of challenges and considerations.

The Digital Insurer (TDI), a leading voice in the InsurTech sector, has announced an exclusive partnership with the Singapore College of Insurance (SCI), a premier provider of professional insurance education.

CLARA Analytics, a leading AI as a service (AIaaS) provider focused on transforming casualty claims outcomes, has recently announced a significant financial boost. This investment,...

Verisk, a leading global data analytics and technology provider, has introduced an automated Generative AI tool which has been designed to support faster insurance claims processing.

Sprout.ai, an "AI-led insurance claims automation company", has successfully secured an investment of £5.4m in a recent investment round. Spearheading this round were notable...

FinTech and InsurTech are rapidly evolving, consistently introducing game-changing technologies, among which embedded AI and generative AI stand prominently. These advancements aren’t mere buzzwords but rather critical tools altering the landscape of commercial and specialty insurance, particularly in the realms of underwriting and customer experience.

Unless you’ve spent the past year under a rock, you’ll be aware of the excitement for generative AI. While many have used the technology to write emails, do homework or create CVs, generative AI could be one of the most transformative technology stacks to businesses. Laila Beane, the chief marketing officer at IntellectAI, the insurtech and wealthtech brand of Intellect Design Arena, recently delved into generative AI’s impact on insurance.

Tradition is something to be honoured, but not at the expense of progress. In recent years insurance carriers have moved away from paper forms, and instead implemented digitalisation throughout their product. But there is more to come. In particular, the digital transformation of underwriting still remains a key headache.