Kalpesh Desai’s Post

The #GCC currently leads #InsurTech growth in the MENA region and with gen AI, this wave of innovation is expected to propel the evolution of insurance and InsurTech across the MENA region from 2025, says Agile Financial Technologies’ Mr. Kalpesh Desai. Click here to read the full article 👉https://lnkd.in/gUUXkV4B #MENA #InsurTechs #AI #Insurance #InsuranceIndustry #InsuranceSector #FutureInsurance #Insurance2025 #Insurance2025predictions

According to PwC, only 43% of insurance industry players say they have fintech implemented into their business strategies. With 2024 being marked as a big year for AI implimentation, the time to be proactive has come! Leveraging AI capabilities within Insurtech will undoubtedly solidify your business as a frontrunner in this race. Get Ahead Here: https://buff.ly/3SZl5eu #insurance #pwc #AI

Great to be at Global InsurTech Summit in London today, presenting InsuranceGPT – the power behind our transformative AI Automation Solution for Claims Processing. Meet us there and talk Tom Berntsen and Erik Leung about how we support claims handlers in decision-making and customer communication 🚀 Find out more about InsuranceGPT here: https://lnkd.in/dQi-tmgu #GINS24 #InsurTech #Insurance #innovation #strategy #insurers #transformation #ai #generativeai #artificialintelligence #processautomation #aiautomation #gpt #claimprocessing #claimhandling

📢 AKUR8 is honored to be included in the "Deals of the Quarter" section of the Gallagher Re Global InsurTech Report for Q3 2024! This latest report explores InsurTech's role in central business operations, covering areas like back-office processes, policy administration, and the transformative impact of AI across the (re)insurance landscape. Notably, Q3 2024 saw $1.38 billion in global InsurTech funding, with a strong focus on AI-centered solutions and operational innovation. Thank you, Gallagher Re, for this recognition! 👉 Read the full report to see how technology is shaping the future of insurance: https://lnkd.in/enS2D2Cm #InsurTech #Insurance #AI #DealsOfTheQuarter #InsuranceInnovation #ActuarialScience #PredictiveModeling #Actuaries

𝐓𝐡𝐞 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐀𝐈 𝐌𝐚𝐫𝐤𝐞𝐭 A marketmap that focuses on AI-Natives and GenAI startups in the Insurance market. GenAI in particular holds transformative potential for the insurance industry. As insurers integrate these advanced technologies, they gain a competitive edge, delivering superior value to customers and stakeholders. Source: https://lnkd.in/g9v-GRQQ #AI #GenAI #LLM #MLLM #VLM #Insurnance #InsureTech #underwriting #claims #distribution

The insurance industry in the US and UK is facing significant changes, driven by fierce competition and tech-led innovation. But there are challenges ahead: 💰 Global Insurtech funding has dropped by $980.2M since 2020 💰 UK funding crashed 90.89%, from $329.4M in 2021 to just $30M in 2024 💰 US funding is down 77.41%, with most investments going to bigger, established companies But it isn’t all bad news. By innovating, Insurtechs can still attract investment. According to the Insurtech Global Outlook 2024, Insurtechs are set to invest heavily in AI and predictive analytics to stand out and stay competitive. Insurers must evolve quickly to meet consumer demand for seamless, real-time services. See how AI and data lead the next wave of insurance innovation in our latest report, ‘Insuring the Future’ ⬇️ https://lnkd.in/e_6swUS7 #InsurTech #DataAnalytics #AI #DigitalTransformation #InsuranceIndustry #AIInInsurance #Innovation #DataDriven #FutureOfInsurance

Commissioner Downing was asked to participate in a panel at a RetireTech conference titled—Insuring Tomorrow: Navigating the Regulatory Environment of the AI and Tech Revolution. To learn more about this valuable conversation watch the video: https://lnkd.in/eYfjgMjU. #csimt #ai #TechTrends #insurance #Montana

🎉 We’re excited to announce that INSTANDA has been selected by Gallagher Re as one of the five featured InsurTechs in its Q2 Global InsurTech Report, "The Role of AI in the (re)insurance Industry." This recognition underscores our position as a driving force behind a new era in insurance innovation. 💡 Key highlights from the report include: ‣ Positive trends in global InsurTech funding, reaching USD 1.27 billion – the highest level since Q1 23 ‣ AI's transformative potential in risk assessment, pricing, underwriting and portfolio management ‣ The continued importance of human intelligence in ensuring a balanced and fair application of AI ‣ The need for effective strategies to “operationalise” AI across the insurance value chain 🔍 INSTANDA's Role? ‣ Rapid speed-to-market  ‣ Democratised product design, build and implementation ‣ Streamlined automated underwriting workflows ‣ Real-time analysis and reporting ‣ Enhanced operational efficiency 🌍 We’re proud to be included in such a wide-reaching report. Join us in exploring the future of AI in insurance and discover how INSTANDA can help your business prepare for a vastly different future. >> https://lnkd.in/etJqyTBC #InsurTech #AI #AIinInsurance #InsuranceInnovation #INSTANDA #GallagherRe #RiskManagement #Underwriting #OperationalEfficiency

Exploring the future of GenAI at Insurtech Insights Europe: Swiss Re and Neuron (WTW) share insights on balancing opportunities and risks. Pravina Ladva emphasizes the need for clear parameters and societal impact considerations. https://hubs.la/Q02qjwbN0 #GenAI #AI #Reinsurance #Insurtech #Insurance

As the insurance industry continues to evolve at a rapid pace, stringent cost management is essential for insurers' profitability. Yet, they face significant challenges from changing customer preferences, evolving regulations and rising operational costs. In this edition of our #GenAI series, we explore how AI can reduce costs in three use cases. Find out how to cut costs ➡️ https://okt.to/QpB8RV #Insurance #CostManagement #AI #Technology #Transformation #Capco