SAS’ Post

Interesting read from Allianz on AI in the Insurance industry. AI has shown a skyrocket in number of risks shown especially around Data Privacy, Bias and Discrimination. Will this sharp rise see a change in the attitude towards AI? If so, which way do you see it going? #ai #insurance #machinelearning

How do Group Plan Sponsors view the impact of #AI on their businesses? https://lnkd.in/d4VgZKDG.   The findings from our latest Group Plan Sponsor syndicated study have several potential implications for insurers, read about the key takeaways from Bernice Cheung, MBA, CAIP.   #GroupPlanSponsors #AI #Insurance

Do you want to stay ahead in the world of AI in Financial Services and Insurance? EXL's latest study offers valuable insights and advice straight from the field. Don't miss out on the latest trends and strategies to get and stay ahead. #AI #FinancialServices #Insurance

 🚀 Are you ready to unleash the power of AI in Life Insurance? In our first weekly MNC Momentum we asked, and you answered. Here's what our clients see as the biggest opportunities for AI:  🔍 45% of you are excited about revolutionizing Operation, e.g. Underwriting and Claims. Streamlining processes and boosting efficiency.  💼 32% believe in enhancing Portfolio Management and Finance, e.g. managing risk and improving reporting efficiency. Smarter investments and better financial strategies are just around the corner.  📊 14% are all about Pricing & Analytics. Predictive models, risk assessment, and personalized pricing are the future.  📈 10% say it's time to Invest in Data Strategy first. Laying the groundwork for a data-driven tomorrow. At MNC, we're not just crunching numbers – we're transforming them into actionable insights. Whether you're looking to optimize operations, sharpen your financial edge, or dive deep into analytics, our team of savvy actuaries and data scientists is here to help. Let's turn your AI ambitions into reality!  #AI #LifeInsurance #Actuaries #DataScience #Innovation #FutureOfInsurance

Discover how AI is reshaping rapid-growth sectors and the transformative potential of GenAI. Insights from Mahesh Balasubramanian, Managing Director of Kotak Life Insurance, reveal real-world AI applications revolutionizing the insurance industry—enhancing efficiency, fostering innovation, and elevating customer experiences  #SAS #AI #GenAI #InsuranceInnovation #DigitalTransformation #CustomerExperience #TechTrends"

Today's #briefing article is the next instalment of Kelly Ogley's regular column, centred around the use of artificial intelligence across the UKGI market - will this technology take over insurance jobs? #insurance #UKGI #opinion #AI #artificialintelligence

In recent years, the overall dynamics of the #insurance industry, along with regulatory changes and advancements in technology, have altered the role of #claimsadjusters. These professionals face a flood of data to interpret, from predictive analytics to the ongoing complexity of insurance policies. The evolving role of adjusters means that the job is now more than just bringing #claims to a fair resolution but also discussing claims trends and policy language. Exceptional claim service involves anticipating clients’ needs and understanding their perspective during challenging situations but with all the stress adjusters have been under, that empathy has been waning. There’s also the ever changing #statestatutes and #insuranceregulations across different states, alongside the increasing time constraints and expectations from customers, which causes an additional emotional burden.  The good news is that #AI can help. With new tools arising that help insurers adjust claims and keep up with state regulations, the annoying administrative burden of researching and writing can be lifted. This allows for adjusters to spend more time with #policyholders, giving them more empathy in understanding their needs and perspective. AI is becoming the tool the insurance firms need to keep up in the modern day. Image Link: https://lnkd.in/e6E8fgzK

Do you want to stay ahead in the world of AI in Financial Services and Insurance? EXL's latest study offers valuable insights and advice straight from the field. Don't miss out on the latest trends and strategies to get and stay ahead. #AI #FinancialServices #Insurance

𝐀𝐈 𝐢𝐬 𝐫𝐞𝐬𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲!   Whether you’re in life or non-life insurance, AI technology is evolving rapidly and this sector is on the brink of a transformation (just as other industries and sectors are being impacted). It revolutionizes how risk is assessed, claims are processed, and policies are tailored.  We’re witnessing a transition where data-driven insights are at the heart of every decision. At BearingPoint, we're mapping this transformation as it unfolds because this isn't about minor tweaks; it's a shift redefining the #insurance sector’s future. Are you ready to embrace the future of insurance with AI? Check out the full article here: https://lnkd.in/eDXeQ_Ge #AI #Genai #Innovation #DigitalTransformation