Advanced algorithms ensure uniformity and precision in risk assessment, minimizing errors and ensuring faster policy issuance. Generative AI co-pilot solution for Underwriters, significantly reduces ...

Mass volumes of data have become available since the ELD mandate started in 2017. All-at-once or gradual? Companies' approach to AI adoption and integration depends on their needs. Some businesses use ...

Underwriters at Allianz and other insurance companies have long faced an intimidating challenge: the need to find specific answers across hundred-page documents before they can make an attractive ...

"Pibit AI raises $7m to develop AI-driven underwriting platform " was originally created and published by Life Insurance International, a GlobalData owned brand.

The $175B U.S. life insurance market stands at a critical inflection point: while 90% of policies are sold through financial advisors, these professionals navigate a fragmented ecosystem of over 10 ...

The Convr AI submission ontology has developed over the past decade informed by the data needs of 80% of the written premium in the commercial insurance domain and is readily available out-of-the-box, ...

Indian IT company Mphasis has entered a strategic partnership with Sixfold, a US and UK-based AI underwriting company, to bolster capabilities in insurance underwriting. As an implementation partner, ...

The evolution of precision medicine has transformed the life science industry. The identification of biomarkers and genes associated with diseases has not only led to earlier disease detection, but ...

TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the release of Sapiens UnderwritingPro v14, the most advanced version of its award-winning, ...

TPAs are adopting intelligent digital solutions for data extraction, transaction processing and compliance, for higher accuracy and better use of employees' time ...

The Office of Insurance Regulation and three advocacy groups paint conflicting pictures of insurance affordability, coverage ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. What if the benchmark for AI wasn’t beating humans at chess, composing music or passing the ...