Rana Ganguli

Economic losses from natural disasters in the US hit $114 billion in 2023, with insurance covering 70 percent. But what about the other 30%? To fulfill our duty as an industry, we must address the growing protection gap. By integrating various innovations with the unique data, regulatory expertise, and service delivery capabilities that only insurers can provide, insurance ecosystems can make coverage more accessible and available to everyone. Read more from Guidewire Software's Laura Drabik in her latest blog post linked below! 💡👇

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The Drabik Digest is spotlighting the innovative solutions from Pinpoint Predictive to help insurance carriers tackle the widening protection gap. This article dives into how technology can revolutionize the way carriers identify good risks and avoid the bad ones. It's time for the industry to pivot towards a brighter future, and Pinpoint Predictive is leading the way. Read more below:

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"New forms of insurance fueled by real-time, API-enabled technologies and data sources tied to insurers' core systems address the protection gap." The pace of innovation and breadth of collaboration across the #insurance industry is impressive. Thanks for the writeup, Laura Drabik, and the shoutout. "New forms of parametric insurance are key to bridging the growing chasm between insured and uninsured losses created by natural catastrophes and other perils... Technologies like Salient can be used as part of parametric offerings that provide automated, predetermined payouts tied to a predefined claims trigger." #forecastfurther

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Velocity Risk established a clear objective, partnered with Guidewire and Cognizant, and achieved a swift and on-budget InsuranceNow implementation. Learn more: https://lnkd.in/gDKh4wzi #GuidewireInsuranceNow #risk #insurance #insurancetechnology #insurtech

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For insurers to deliver an exceptional customer experience (CX), they need a customer communication management (CCM) system that enables a personalized, data-driven journey. Today’s advanced CCMs are successfully leading insurers to adopt these systems in greater numbers. In the first of this two-part series that explores how modern CCMs are elevating CX, #Cincom Partner Manager Shawn Cross examines data that reveals what today's insurers are looking for in a CCM to build strong CX and lasting customer relationships. Read more here: https://lnkd.in/d2sEGxdE #CX #CCM

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Dennis Winkler, director of the insurance industry at ISG (Information Services Group), discusses the rise of SaaS adoption among North American insurers. Explore how modern IT infrastructures and Generation AI are driving operational improvements in the insurance sector. https://hubs.la/Q02GzD-50 #InsuranceIndustry #SaaS #GenAI #DigitalTransformation

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We asked our EVP, Abhijeet Jhaveri, to share insights from the CIO roundtable he moderated recently on the topic of core modernization strategies for insurers. Curious to hear top strategies from insurers going through core modernization? Read the full blog for a comprehensive guide to navigating core modernization in the insurance sector. https://hubs.ly/Q02w1jP00 #InsuranceTech #CoreModernization #CIOInsights #DigitalTransformation

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"The insurance industry has highs and lows, but the right AI tools can be the constant that helps insurers remain steady when rough patches come." Read more from David T. and learn how #AI practically helps insurers stay profitable amid present challenges: https://lnkd.in/gDUghmj6 #GenerativeAI #ComputerVision

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Catch Mahesh Balasubramanian, Managing Director of Kotak Life Insurance, as he sits down with Kunal Aman, Director of Marketing at SAS, for an insightful conversation on the future of data analytics and AI in the insurance industry. In this exclusive interview, Mahesh explores the remarkable growth of the insurance sector over the past decade and the transformative role of AI. He shares his vision for the future of jobs, emphasizes the need for evolving skill sets, and offers valuable advice to aspiring young leaders. Watch the full video on our YouTube channel: https://lnkd.in/eufsWdxr #SAS #AI #Analytics #InsuranceIndustry

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The digitization of the insurance industry dates back to the 1980s. https://ow.ly/pAWv50SBRY5 We review what going digital has meant over the decades and envision where the industry is going. #DigitalDisruption #DataTransformation #InsurTech #InsuranceIndustry

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AI technologies are poised to reshape the face of insurance. Discover how #AI and other game-changing trends are transforming the #insurance industry for the better in our latest whitepaper. https://ow.ly/lBCt50Sybg7 #PowerOfConcentrix

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Next week, Amerisure’s CIO, Amjed Al-Zoubi, will speak at Guidewire Software Connections on how business agility drives innovation and success. With agility at its core, Amerisure has embraced tech innovation, and Amjed’s leadership in our technological transformation helps us better serve our agency partners and policyholders. Check out Guidewire's post below for details on how you can watch his presentation from anywhere. #GuidewireConnections #Agility #Insurance #Innovation #Insurtech

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Dr. PUNEET KAUR KOHLI, President of IT and Data at Liberty General Insurance, as she chats with Simran Shiwalkar, Journalist at CIO News! 🌟 Discover the challenges of digitalization in the insurance sector and the importance of empowering women in tech. Gain insights from her expertise at #EmergeTech2024 Mumbai Chapter. This inspiring and informative session is one you won't want to miss!💼✨ #TechTalks #WomenInTech #DigitalTransformation #InsuranceTech #EmergeTechMumbai #CIONews #WomenLeadership #TechInsights #InspiringChange #IndustryLeaders #DigitalInsurance #EmpowerTech #TechInsights

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Discover how AI-powered InsurTech is transforming claims processing! Co-founder & Chief Architect, Rama Krishna S V, shares his insights on combating fraud and ensuring fair claim settlements with ETedge. Read more: https://bit.ly/4bj976C #InsurTech #AI #Innovation #ClaimsProcessing

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Kevin Moon, Regional Director of Financial Services for InvoiceCloud, recently joined podcast host Jiffy Thomas, Sapiens’ Vice President of Professional Services, on their Insurance 360 Podcast to discuss changing industry trends and how #insurers can use digital payments to enhance #policyholder satisfaction and operational efficiency.🎙️ Head over to our latest blog to listen to the full conversation and read some highlights from the transcript: https://lnkd.in/g42i8ZDe #InsureTech

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Learn more about the benefits of WTW and Guidewire's partnership: https://ow.ly/HRbJ50SKaCR WTW and Guidewire's partnership will help insurers achieve faster and more precise underwriting and pricing capabilities. Follow WTW Insurance Consulting and Technology for more. #Radar #Pricing #Underwriting #WTWTechnology #Insurance #MachineLearning #Innovation #Guidewire

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