Enable AI-powered triage to serve your honest customers exceptionally fast, while instantaneously flagging bad risks for further investigation, or not bringing them into the business in the first place.
Novarica’s Matthew Josefowicz remarks on some of the greatest changes that have taken place in insurance IT since the year 2000.
The company has debuted eMager an AI and Computer Vision solution built on Azure Cognitive Services that automates vehicle inspections
The vendor offers data and analysis of aggregated oil field insurance loss data over a 10-year period for four Western provinces of Canada.
Novarica’s recent study shows overall IT spending ratios inching upward as insurers invest in greater speed-to-market, ease of doing business, and improved digital and data/analytics capabilities.
Significant yard debris, found in 14 percent of U.S. residential parcels, is a liability risk and correlates to higher insurance losses.
Tower was able to introduce new motor and home and contents products on EIS Group’s fully digital, cloud-based policy, billing and claims platform within 18 months.
Nationwide built and deployed Spire in nine months, with Socotra as the core system upon which it runs its entire policy admin operation, from quote to claim.
The partnership lets insurers to incorporate NICB data into their automated fraud scoring process, enabling efficient identification of cases with ties to known fraud.
The insurer has rolled out for homeowners on the platform to all its agents and will begin its commercial lines implementation in early 2020.