Digital Insurance

Digital Insurance connects the insurance business & technology communities.

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[Digital Insurance @_diginsurance]

AI insurtech startups are booming, but have less time to find their footing, say experts from @Nationwide Ventures, @Celent_Research and Fenris. https://t.co/e4DMHyrMS9 #InsurtechTrends #AIstartups #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

American Growth Insurance (AGI) launched an AI-powered platform that reviews clients’ risks and finds cross-selling opportunities. https://t.co/nBluOUrYon #InsuranceBrokerage #AIinInsurance #InsuranceTechTrends #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

Startups have a reputation for putting innovation first, profit second. But the insurance industry has less patience today for vendors that don't deliver results, say executives from Crosstie, mea and Go Abacus. https://t.co/EmBMnkcWKV #insurance #insurtech #AI #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

Natural disasters can leave people waiting weeks to months for damage assessments. @DroneFlyguys and TerraFort have partnered to decrease that timeline. https://t.co/RqOQH2ZLeT #insurance #insurtech #aerialimagery #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

At @TheHartford, AI is helping underwriters devote more time to working with agents and brokers. Plus more news from @LibertyMutual, @UnitedHealthGrp and @Travelers, in our roundup. https://t.co/MGbf2s3R3O #underwriting #AI #insurtech #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

Neural networks can show why a weather event destroys one house but leaves the house next door untouched, writes Brian Keller of @LexisNexisRisk. https://t.co/Q9gXtfygr9 #ClimateChange #NeuralNetworks #PropertyInsurance #InsureThink

[Digital Insurance @_diginsurance]

Startups have a reputation for putting innovation first, profit second. But the insurance industry has less patience today for vendors that don't deliver results.

"The next six months will favor companies that can solve specific operational problems quickly, prove ROI and fit into existing systems without forcing customers into a disruptive transformation project,” said Sean Eldridge, CEO of Crosstie.

https://t.co/J8wCbO4jAQ
#insurance #insurtech #AI #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

Eighty-eight percent of policyholders reported they want a provider to anticipate coverage problems before they ask, according to a new VIU by @HUBInsurance survey.

https://t.co/Gk3FgXkJj6
#customerexperience #insurance #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

#AI is reshaping the workforce, but not in the ways people expected. Recent data from @tryramp and @RevelioLabs show that the companies investing the most in AI are actually increasing their headcount, including among junior staff.

#Insurers are finding that these less-experienced staffers are able to accelerate their career growth with AI assistance. More analysis of how AI is reshaping roles, at this link: https://t.co/du2R7EPvr4

[Digital Insurance @_diginsurance]

Satisfaction with commercial insurers increases, largely due to improved digital channels, a @JDPower study finds. https://t.co/f1AidUpbi8 #CommercialInsurance #insurtech #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

Natural disasters can leave people waiting weeks to months for damage assessments. @DroneFlyguys and TerraFort have partnered to decrease that timeline.

https://t.co/9PgDmj308T
#insurance #insurtech #aerialimagery #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

Digital transformation succeeds when treated as a people project—not as a technology project, writes Tatum Fish, strategic value architect at @cytora.

“Having worked for global insurers before moving into insurtech, I've seen both sides of this challenge. I've experienced the operational realities inside a carrier, and have worked with insurers looking to modernize the way they underwrite risk,” writes Fish. “One thing has become increasingly clear - the organisations making the greatest progress aren't necessarily investing in the most technology. They're changing how people work.”

https://t.co/aXHpNGWAn6
#insurance #insurtech #AIimplementation #InsureThink

[Digital Insurance @_diginsurance]

While most insurers are using AI in customer-facing and operational areas, data inefficiencies remain a major barrier, according to the latest @exl_service AI study.

“No other industry in our research is simultaneously leading on cost reduction, revenue growth, margin improvement and pilot success rates," said Rup Goswami, EXL insurance growth office lead. "The common thread is that the carriers getting the most out of AI have treated data infrastructure as a business priority, not an IT project.
https://t.co/nec7v5Yo4a
#insurance #AI #insurtech #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

Meet Ashwin Agarwal, CEO and co-founder of Advocate Technologies, who says insurtechs have a major opportunity to address the industry's lack of data transparency.

https://t.co/cGsW9iardk
#insurance #insurtech #AI #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

Insurance is becoming a critical enabler of AI infrastructure, but most of these facilities are being built in areas with a heightened risk of natural catastrophe, according to the latest @Allianz report on the current data center boom.

https://t.co/08fK1mjArR

#datacenters #insurance #insurtech #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

How did #AI fuel a 43% profit surge for @LibertyMutual ? How does @Manulife measure the $717 million in value it expects from its AI partnership with Microsoft? And why do 77% of financial services companies not see the same ROI, according to @PwC ? Find the answers in this week's coverage.

https://t.co/ZZWzawTSEE

#ROI #insurance #insurtech #DigitalInsuranceNews

[Digital Insurance @_diginsurance]

Lack of accountability is the biggest AI risk for insurers, writes Amy Carlisle, president of MSI. https://t.co/OlpqdTEmmS #insurance #insurtech #AIimplementation #InsureThink

[Digital Insurance @_diginsurance]

Cybersecurity insurance often doesn’t cover damage from breaches at a company’s third-party vendors, writes Deborah "Deb" Dioguardi of @JencapGroup. https://t.co/ApaJkZOcPj #cybersecurity #CommercialInsurance #insurtech #InsureThink

[Digital Insurance @_diginsurance]

Aaron Minkovich, chief technology officer at @Manulife, shares about the company’s AI expansion with @Microsoft and the ROI related to the partnership. https://t.co/mcmMqdFGsV
#AI #insurance #insurtech

[Digital Insurance @_diginsurance]

Aaron Minkovich, chief technology officer at Manulife: “AI is creating measurable value across multiple areas of the business, including operations, technology, underwriting and distribution.” https://t.co/XRb54gCtUm
#AI #insurance #insurtech