The new release, already in production at a large U.S.-based insurer, enables benefits insurers to improve disability claims accuracy and efficiency, automate payment calculation, improve compliance and enhance customer service.
Risk Meter uses machine learning to identify and prioritize highest-risk offenses and avoid false positives over large volumes of interactions logged by agents and advisors.
IIR met with Vertafore executives to discuss the expansion of direct distribution, the experience carriers and agents, and the way digital can make even simple insurance sales more local and personal.
The vendor’s 14 accelerator applications use advanced AI techniques to address complex business challenges such as fraud, margin call management and LCR calculations.
Aflac Corporate Ventures, which plans to build a fund of over $100 million over three years, has offices in Charlotte, N.C., and in Sunnyvale, Calif., as part of a partnership agreement with the Plug and Play Technology Center.
Participants in Desjardins’ Alert program will receive a free Roost Smart leak detector to place in their home close to a potential source of leaks.
Following ‘impressive’ growth of its umbrella product on its new Duck Creek-centered core system platform, GEICO will transition personal auto and motorcycle lines in 2017.
The insurance industry needs to pivot from risk aversion to experimentation, and that requires not just prudent management but genuine business leadership.
The funding round, led by MassMutual Ventures and Nationwide Ventures aims to fuel rapid growth for its artificial intelligence-driven auto insurance shopping experience.
Over the long term, it’s more often than not that the non-functional capabilities of a system that determine its value and lifespan, and whether or not the company views it as a success, or just another sub-optimal delivery from IT.