Artificial Intelligence Insurance Intelligent Intake AI loves data and insurance has lots of it; the possibilities are endless October 17, 2023 by adamdev While thereās no shortage of hype around artificial intelligence in the insurance industry, in many ways itās warranted because AI is transformational technology. The key is to be mindful of what AI can and cannot be expected to do. In this post, with the help of my Unstructured Unlocked podcast partner Michelle Gouveia of Sandbox […] Read more Ā»
Artificial Intelligence Insurance Claims Intelligent Intake AI can indeed help automate insurance claims processing ā but it wonāt replace humans September 26, 2023 by adamdev In their never-ending quest to automate claims processing, insurance companies are naturally turning to artificial intelligence (AI) technology. And plenty of vendors are more than willing to assure you AI will bring you to the promised land of straight-through processing (STP). Indico Data is not one of them. Thereās no question AI can and does […] Read more Ā»
Artificial Intelligence Unstructured Unlocked Transforming underwriting: Challenges, opportunities, and the AI advantage September 14, 2023 by adamdev In the ever-evolving landscape of the insurance industry, the adoption of advanced technologies is crucial to enhance efficiency, accuracy, and customer satisfaction. One area that has garnered significant attention is underwriting, a complex process that determines risk and sets premium rates. In the latest episode of Indicoās Unstructured Unlocked Podcast, special guest Alan Ringvald, Co-Founder […] Read more Ā»
Artificial Intelligence Insurance Intelligent Intake Unveiling the future of insurance with Generative AI: Insights from Everest Group September 6, 2023 by adamdev Watch Christopher M. Wells, Ph. D., Indico VP of Research and Development, and Michelle Gouveia, VP at Sandbox Insurtech Ventures, in episode 27 of Unstructured Unlocked with Abhi Kothari, Practice Director at Everest Group. Listen to the full podcast here: Unstructured Unlocked episode 27 with Abhi Kothari, Practice Director at Everest Group ļ»æ In a […] Read more Ā»
Artificial Intelligence Insurance Gartner report highlights role of AI and intelligent document processing in insurance August 16, 2023 by adamdev Insurance industry technology experts are no doubt still digesting the recent 2023 Gartner Hype Cycle for Digital Life and P&C Insurance report, chock full of details and prescriptions on everything from automating claims processing to making the most of the āmetaverse.ā With coverage of more than 20 technologies, itās a lot to digest, but Iām […] Read more Ā»
Artificial Intelligence GPT Uncategorized Unstructured Unlocked The risks and rewards inherent in ChatGPT and generative AI August 11, 2023 by adamdev With generative artificial intelligence technology, including ChatGPT, we are in the midst of a technology revolution on par with the web browser and smartphone, but probably not in the way you think ā and not without challenges for the enterprise. Those were some of the key messages I tried to get across in my recent […] Read more Ā»
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»
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»
Announcements Artificial Intelligence Intelligent Intake Product update: New out-of-the-box models and streamlined ACORD processing May 16, 2023 by adamdev At Indico, weāre always looking into new ways to reduce our user’s time-to-value. We are making strides to minimize that all-important ratio in our platform design, new functionality, and ease of launching. In our latest release, users can get started processing documents on day one with our new out-of-the-box model offerings. Whether users are adding […] Read more Ā»
