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.
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.
The funding round, led by MassMutual Ventures and Nationwide Ventures aims to fuel rapid growth for its artificial intelligence-driven auto insurance shopping experience.
New capital from Tokio Marine HCC and W. R. Berkley Corporation brings the firm’s total raised to over $30 million.
The new contract follows successful initial implementation of Match and will enable a four-fold increase in Qatar Re’s Match user community.
The advisory company’s workers’ compensation broker customers have responded positively to the use of the solution to gain insights into likely claim severity.
Simply building models will not enable effective use of predictive analytics. This four-step process will help position insurers for leadership and longevity.
Some insurers may not be quite ready to flip the switch on blockchain, but given the potential benefits, that is likely to change before long.
Marcus Ryu talks about AI, advanced analytics, IoT and the emergence of the InsurTech phenomenon, what these trends mean for core system providers—and for Guidewire’s own roadmap.