Opportunities for Group Insurance Innovation during the Pandemic

…keting professor at New York University. While not speaking directly about artificial intelligence, there are few technologies that better fit Galloway’s outlook on the future than AI. According to a recent Gartner survey of senior IT leaders across all industries, 40 percent of them plan to deploy AI solutions by the end of 2020. As remote work remains the standard for the foreseeable future and companies seek cost-reduction strategies, the hunge…

Kespry Announces Summer 2020 Aerial Intelligence Platform Release

…analytics industry’s false positive issue inherent in many systems. Using artificial intelligence and machine learning, Kespry’s enhanced hail detection algorithms provide hail strike profiles insurance adjustors and companies can depend on to make rapid, precision claims determinations. Additionally, the platform delivers new general anomaly insights for better determining non-hail-related issues, such as wear and nail pops. Seamless Third-Party…

Zesty.ai and IBHS to Partner on Predictive Analytics for Climate Risk

…er to be scaled across millions of homes and businesses using the power of artificial intelligence and cloud computing, according to a Zesty.ai statement. By collaborating in the study of the effects of weather and climate catastrophes, the organizations say they expect to make significant headway in strengthening communities and the insurance industry with better climate risk insights. Photo was taken in the IBHS Research Center’s state-of-the-ar…

AgencyKPI Introduces Insurance Network Business Intelligence Platform ‘Harmony’

…ware engineers to build its software stack and define its network business intelligence platform in conjunction with its initial beta clients. Tiffany Bertonlini, VP, Pacific Interstate Insurance Brokers. Network clients of AgencyKPI include Combined Agents of America, Keystone Insurers Group and Pacific Interstate Insurance Brokers, which represent more than 600 independent insurance agencies, and more than $6 billion in insurance premiums. “Comb…

Central Insurance Deploys Shift Technology for Fraud Detection and Subrogation

…dds Paul Edwards, VP, Claims, Central Insurance. “By applying the power of artificial intelligence and data science to these problems, we can avoid paying non-meritorious claims, improve identification of all claims with subrogation potential to ensure proper loss payment recovery, and overall keep premiums lower for our policyholders,” Edwards comments. Jérémy Jawish, CEO, Shift Technology. Force uses artificial intelligence and advanced data sci…

Nationwide Taps Samsara Video Telematics for Commercial Trucking

…icant benefits, including the following, according to the vendor stateent: Artificial intelligence dash cameras designed to support Advanced Driver Assistance Systems (ADAS) features Simple self-installation in less than 15 minutes and dedicated onboarding support for Nationwide members Internet-connected cameras auto-upload all incident footage to the cloud In-cab feedback and video-based coaching Real-time GPS fleet tracking and vehicle diagnost…

Verisk Debuts Vai-Powered App to Streamline Contents Removal Workflows

…household items. The Vai technology in ContentsTrack uses image-detection artificial intelligence known as Object Recognition to help restorers significantly speed up their contents inventorying workflows, according to a Verisk statement. “Most contents removal specialists use pen and paper to inventory personal property at the loss site and then have to type all that data into their systems later at the office,” comments Joe Pendle, Managing Dir…

Global IQX Launches Recommendation Engine and Census Scrubber

…sitive and not publicly available,” a Global IQX statement says. “Advanced artificial intelligence and machine-learning algorithms were used to overcome this barrier, allowing Global IQX’s clients to benefit from actionable insights without sharing their data.” “There’s nothing else like it in the group insurance industry,” comments Junaedur Rahman, artificial intelligence expert and development lead for the initiative. Census Scrubber The rules-b…

Introducing the IIR/Celent Five Stars Award Winners 2020

…a Celent Model Insurance award in March 2020 for fraud detection utilizing artificial intelligence. Oscar Salgado, CIO, GMX Seguros (Mexico) The Five Stars Award recognizes Oscar Salgado’s role in driving the alignment of business and IT to support innovation and digital transformation at GMX Seguros (Mexico City). As a result of his work, GMX has emerged as a leader in its specialty of non-auto damages. Oscar Salgado, CIO, GMX Seguros. (Click to…

AgencyKPI Secures Series A Funding from Insurance Company Investors

…ware engineers to build its software stack and define its network business intelligence platform in conjunction with their initial beta clients, according to an AgencyKPI statement. In 2019, the company emerged from stealth mode with $3 million in seed- and strategic-round funding raised from insurance networks, carriers, independent agencies, and C-level executives in the insurance industry. AgencyKPI says it will use the new funds to hire more s…