Artificial Intelligence Data Analytics Data Science Digital Transformation Insurance Insurance Claims Insurance Underwriting Intelligent Document Processing Intelligent Intake From submission to clearance: how automation is changing insurance submission triage January 23, 2025 by adamdev The insurance industry stands at a crossroads where innovation and tradition intersect. Submission triage, the process of managing and prioritizing incoming submissions, has historically been a manual, time-intensive task prone to inefficiencies. Today, automation and artificial intelligence (AI) are reshaping this critical workflow, offering insurers the tools to improve speed, accuracy, and scalability. For insurance […] Read more Ā»
Artificial Intelligence Data Analytics Data Science Digital Transformation Insurance Insurance Claims Insurance Underwriting Intelligent Document Processing Intelligent Intake How Bill Devine, former VP at Travelers, sees AI revolutionizing insurance underwriting January 21, 2025 by adamdev Things are changing in the insurance industryāAI and automated decisioning are reshaping workflows, elevating customer experiences, and streamlining operations. These advancements were at the center of a recent episode of Unstructured Unlocked, featuring Former VP of Travelers, Bill Devine. The conversation highlighted the challenges facing traditional underwriting processes and the immense potential AI holds for […] Read more Ā»
Artificial Intelligence Data Analytics Data Science Digital Transformation Insurance Insurance Claims Insurance Underwriting Intelligent Document Processing 5 Resolutions for insurers in 2025: Embrace the decision era January 16, 2025 by adamdev The insurance industry is in an interesting position currently. Legacy systems, complex regulatory landscapes, and ever-evolving customer expectations are challenging insurance companies to rethink how they operate. However, challenge brings opportunity: AI and automation are redefining workflows, improving decisioning, and delivering better customer experiences. As we step into 2025, another year in what weāve termed […] Read more Ā»
Artificial Intelligence Data Analytics Digital Transformation Insurance Insurance Claims Insurance Underwriting Intelligent Document Processing Transforming insurance claims: insights from Ian Thompson, Strategic Advisor and Former Zurich Insurance Executive January 14, 2025 by adamdev The insurance industry is at a pivotal moment, grappling with legacy systems, evolving customer expectations, and the rise of artificial intelligence (AI). In a recent episode of Unstructured Unlocked, insurance veteran Ian Thompson shared his expertise, reflecting on the challenges and opportunities in claims management. Thompsonās 30-year career, including global leadership roles at Zurich Insurance, […] Read more Ā»
Artificial Intelligence Data Science Digital Transformation Insurance Claims Insurance Underwriting Intelligent Document Processing Machine Learning The power of submission clearance software in modern insurance workflows December 19, 2024 by adamdev For modern insurers, speed, accuracy, and efficiency are essential to success. Yet, traditional workflows often struggle to keep up with the growing complexities of underwriting and policy management. Submission clearance software has emerged as a major ally to insurers, enabling them to streamline operations, improve risk assessment, and enhance customer satisfaction. By leveraging advanced technologies […] Read more Ā»
Artificial Intelligence Data Science Digital Transformation Insurance Underwriting Intelligent Document Processing Machine Learning How underwriting triage powered by AI improves risk management December 17, 2024 by adamdev Underwriting triage is the foundation of effective underwriting risk management, setting the stage for how insurers evaluate submissions, prioritize risks, and allocate resources. But traditional methods often fall short in the fast-paced, data-driven industry of insurance. AI-powered underwriting triage introduces a transformative approach, streamlining workflows, improving risk assessment, and reshaping decisioning across the industry. This […] Read more Ā»
Artificial Intelligence Data Science Digital Transformation Insurance Claims Insurance Underwriting Intelligent Document Processing Enhancing data quality and compliance in the insurance industry with Louis DiModugno of Verisk December 12, 2024 by adamdev In this episode of Unstructured Unlocked, hosts Michelle Gouveia and Tom Wilde sat down with Louis DiModugno, Global Chief Data Officer at Verisk, to discuss key challenges and innovations in data management and governance for the insurance industry. The conversation covered how advancements in technology, such as AI and data aggregation, are transforming how insurance […] Read more Ā»
Artificial Intelligence Data Science Digital Transformation Insurance Claims Insurance Underwriting Intelligent Document Processing Automated decisioning in insurance: Enhancing underwriting efficiency and accuracy December 10, 2024 by adamdev The insurance industry has always been defined by its ability to assess, manage, and price risk. At the heart of this process is underwritingāa critical function that requires precise decision-making based on a variety of data points. However, traditional underwriting methods often rely on manual workflows, historical data, and static models, leading to inefficiencies, inconsistencies, […] Read more Ā»
Artificial Intelligence Data Science Digital Transformation Insurance Claims Insurance Underwriting Intelligent Document Processing Improve claims accuracy and enhance risk management through AI December 5, 2024 by adamdev In the insurance industry, you canāt secure profitability or customer satisfaction without accurate claims processing and effective risk management. Errors in claims handling, delays in decisions, and inefficiencies in risk management can lead to dissatisfied customers, increased operational costs, and heightened exposure to risk. As insurers face growing pressure to process claims more quickly and […] Read more Ā»
Artificial Intelligence Data Science Digital Transformation Insurance Claims Insurance Underwriting Intelligent Document Processing The future of AI in insurance decisioning: Chapter 4 of The Decision Era eBook November 25, 2024 by adamdev This article marks the fourth in a series exploring Indicoās Decision Era eBook, a comprehensive guide to how AI is revolutionizing the insurance industry. The eBook dives deep into AI-enhanced decisioning, offering insights into its transformative potential across underwriting, claims processing, and more. Chapter 4, The Future of AI in Insurance Decisioning, focuses on the […] Read more Ā»
