Artificial Intelligence GPT Intelligent Intake Microsoft expert expounds on keys to success with AI technology in insurance June 28, 2023 by adamdev When it comes to employing artificial intelligence in insurance, you need to take a three-legged stool approach much like any other IT project ā focused on use cases, technology, and governance ā but with an extra-sturdy governance leg. That was one of the big takeaways from my recent conversation with Jim DeMarco, director of insurance […] Read more Ā»
Insurance Claims Insurance Underwriting Intelligent Intake Insurance automation: How to find the best products and measure their effectiveness June 22, 2023 by adamdev Insurance company IT execs charged with finding solutions to help automate insurance processes likely donāt think much about venture capital firms like mine. But a recent discussion prompted me to consider how our approaches have a lot in common: we both search for viable technologies to address known pain points. This thought occurred to me […] Read more Ā»
Artificial Intelligence GPT Intelligent Intake Yes, GPT-based AI models are ready to apply to the insurance industry June 13, 2023 by adamdev I recently had the pleasure of joining Josh Hollander as a guest on his Insurtech Leadership Podcast, and of course, the conversation soon turned to generative artificial intelligence (AI) models and whether they are ready for use in the insurance industry. My answer: a definitive yes. Hollander is CEO of the global executive search firm […] Read more Ā»
Artificial Intelligence Insurance Claims Insurance Underwriting How to avoid AI bias and gather better data for insurance claims and underwriting June 8, 2023 by adamdev Making the best decisions in insurance underwriting and claims comes down to having good data, and lots of it. That becomes abundantly clear when you talk to a chief data officer for a large insurance company and learn about opportunities to collect data, where data is lost, and how to deal with biases in the […] Read more Ā»
Insurance Claims Insurance Underwriting Intelligent Intake How insurers can get over the legacy hurdle and adopt automation technology June 5, 2023 by adamdev Insurance companies often find themselves in a tough spot when it comes to adopting new technology to automate underwriting submissions, claims handling, and other functions: whatever they adopt has to integrate well with their legacy technology. And in the typical insurance company, there is no shortage of legacy technology. Itās an industry thatās famous for […] Read more Ā»
