Center of Excellence Insurance Underwriting How intelligent intake solutions deliver 20:1 ROI for insurance companies March 7, 2023 by adamdev When you can automate insurance processes that used to take a week and instead tackle them in an afternoon, it has repercussions for the business that ādonāt stop,ā according to my most recent podcast guest. It means rethinking processes, creating new products, realizing a rather spectacular 20:1 return-on-investment, and more. On Episode 11 of Unstructured […] Read more Ā»
Center of Excellence Insurance Underwriting How a sound data strategy makes insurance underwriters more effective February 23, 2023 by adamdev Insurance underwriters have a difficult job. If you think about the diversity of industries in the U.S. or globally, itās impossible for any single underwriter to have complete knowledge of the risks inherent to each industry. That makes underwriting an area thatās ripe for the use of effective technology to arm underwriters with the information […] Read more Ā»
Center of Excellence Insurance Underwriting Unstructured Unlocked How technology can help address the shortage of good insurance underwriters February 10, 2023 by adamdev By all accounts, the insurance industry is struggling to find good people, especially in areas like underwriting that require specialized expertise. But technology can help insurance companies close the gap by making the underwriterās job easier and more rewarding, as well as by helping companies retain the employees they already have. This idea sprung from […] Read more Ā»
Center of Excellence Insurance Underwriting Unstructured Unlocked Underwriting exec explains how applying technology to insurance underwriting processes keeps brokers happy January 12, 2023 by adamdev In technology circles we talk a lot about how tech can make your employees more efficient, reduce costs and the like. Certainly valid points. But perhaps we donāt talk enough about the affect technology can have on the public face of your company, by making life easier for your clients and customers. This was a […] Read more Ā»
Center of Excellence Insurance Underwriting Unstructured Unlocked How to address the talent shortage in the insurance industry January 5, 2023 by adamdev During a recent episode of our Unstructured Unlocked podcast, insurance industry veteran Steven Weiss mentioned the industry is expected to be short about 100,000 people in just 2 to 4 years. It strikes me that this means the insurance industry has to do two fundamental things: increase its talent pool while also increasing the productivity […] Read more Ā»
Center of Excellence Insurance Underwriting Unstructured Unlocked An expert view on automating the insurance underwriting submission process December 27, 2022 by adamdev On the latest episode of my Unstructured Unlocked podcast, I had a guest with deep insurance underwriting experience who painted a picture of an industry in almost desperate need of automation to make up for a challenging combination: a highly manual process and a lack of experienced people to perform it. But heās also optimistic […] Read more Ā»
Center of Excellence Unstructured Unlocked MSRB chief data officer explains how to extract value and insights from unstructured data December 8, 2022 by adamdev Over the course of his three decades in various IT positions with financial services firms, Brian Anthony has witnessed the growth of technology from being a ānecessary evilā to opening up opportunities and value propositions. Today, one of those opportunities revolves around using technology to extract value from unstructured data. After cutting his teeth as […] Read more Ā»
Center of Excellence Unstructured Unlocked From banks to insurance, companies are climbing the automation center of excellence maturity curve December 2, 2022 by adamdev You probably recall early on in the pandemic how the U.S. Small Business Association made loans available to help businesses stay afloat. Perhaps you also remember how, as a result, banks were inundated with loan applications. What you may not know is that at least one of them turned to process automation tools to help […] Read more Ā»
Center of Excellence Unstructured Unlocked Practical advice on training AI models and promoting intelligent automation in the enterprise September 28, 2022 by adamdev From my experience as a data scientist for a large financial firm, you can learn a lot from technology vendors, a point my latest guest on the Unstructured Unlocked podcast proved in spades. Patricia Thaine provided practical advice around how best to train intelligent automation models and how to sell the idea of artificial intelligence […] Read more Ā»
Center of Excellence Unstructured Unlocked Why continuous improvement is a crucial component of intelligent automation projects September 19, 2022 by adamdev Process optimization, and the closely related idea of continuous improvement, is a crucial underpinning of any intelligent automation project, a point that Maarten Schot drove home with authority in my discussion with him for a recent episode of my Unstructured Unlocked podcast. Schot is a continuous improvement and automation expert with deep experience in the […] Read more Ā»
