Hemal Patel

Charlee.ai will be at booth 201 during Duck Creek Formation 24, from May 21-24. Our AI-driven solutions are redefining insurance. Don't miss out on learning about how Charlee.ai is using AI to reduce claims expenses, litigation and fraud. #Insurance #Formation #Claims #CharleeAi

8

Amidst the excitement and buzz surrounding #AI, a deeper, more strategic approach is crucial for true success. In a recent episode of #InsuranceUnplugged with Lisa Wardlaw, Denise Garth, Chief Strategy Officer at Majesco, dives into the heart of AI strategy. In this excerpt, you'll discover: 🔹 The importance of a robust data strategy 🔹 Overcoming legacy system challenges 🔹 Strategic approaches to AI implementation Don't miss out on these valuable insights!  

14

9 Comments

#AI is one of our favorite subjects, and Anil Vasagiri says insurers shouldn't be afraid to try it. Why? Because, he says, the value you can extract may help you outpace your competitors. Thanks to Lisa Wardlaw and expert.ai for having us on your blog. https://lnkd.in/dBj3xHHU

21

1 Comment

Confusion over insurance coverage terms is common among policyholders. By leveraging large language models, insurers can ensure clarity and transparency, reducing disputes over claims and enhancing customer satisfaction. https://lnkd.in/gkdgiNX5

6

Interesting to note that the headline factoid below coincided with #bfm's interview with #etiqa CEO. ❌ when an #EV gets into an accident, tends to result in a total loss. This is due to high cost of repairs. ✅ However there's 2 segment of users (from the interview), the go #green types who tends to be careful drivers ❌ the ones that bought an EV to experience supercar power and high acceleration without the price. ✅etiqa commands 60% of the EV car insurance, not surprising. I'm an Etiqa customer myself cause of their awesome #pricing and #digital experience ❌ the question is the tipping point of more dangerous drivers racking up claims and eventually the need to raise premiums. ✅ key though, per the news snippet is making money from salvaging parts. Looks like a business opportunity!

7

1 Comment

The Milliman LARA® (Milliman LARA) preclaim risk model was developed using predictive analytics and can be used to assist long-term care (LTC) carriers in stratifying their population to proactively manage the health and claim activity of members. LARA risk scores are a key component LTC insurer’s efforts to reduce claim cost through preventative approaches. This brochure gives examples on how customers use their LARA risk score, and answers questions such as: How often should I run LARA scores? What’s the lag in the data? What’s the match rate for your third-party data? Reach out to us if you want to know more. #ltc #preclaim #wellness Juliet Spector, Jeff Anderson, Robert Eaton, Missy Gordon, Joe Long, Alyssa Lu

12

Streamline your insurance loss run workflow with LossScan! 🚀 Discover 5 valuable tips to automate data extraction, boost efficiency, and reduce costs. Request a demo today! 💼💰🔥

1

It's an unfortunate truth of insurance - that most value is often experienced in a time of crisis. How you treat your customer, how you minimize impact and stress during that time, matters, and sometimes, can be bridged into a long term, incentive-aligned partnership. As John Roberts points out, companies can get a head start on that partnership by becoming a policyholder and/or purchasing MDR with Coalition, Inc.

10

The 2024 SOA Health Meeting in Baltimore, June 23-26, will bring together leading actuaries, analysts, and professionals to network and discuss the impacts of the latest trends - including #AI in #healthunderwriting. That's where we come in. 👇 🗓 Click here to schedule a meeting in advance to learn how we can help you integrate AI into your underwriting: https://lnkd.in/eC6sD6gj See you there! 👋 Society of Actuaries #SocietyofActuaries #Healthinsurance Chase Pettus #artificialintelligence #medicalunderwriting #actuaries #predictiveanalytics #underwriting #riskmanagement

21

I listened to a recent podcast by Jess Keeney, our Chief Product & Technology Officer at Duck Creek Technologies where she shares insights in to how technology is impacting the insurance ecosystem, and in particular improving the customer experience. If you're interested, it's a good listen (or you can read the transcript), and it touches on lots of topics like fraud, analytics, CX and more! #InsuranceTransformation #InsuranceSaaS #DuckCreekTechnologies #FutureofInsurance

20

Guidance and Insurance Implications for the CDK Global Cyberattack https://lnkd.in/ecU_UaS9 #GIA #GlobalInsurance #CDKglobal #Cyberattack #Insurance

2

How can artificial intelligence change propert/casualty insurance claim processing? Two industry experts answered that question from a few angles during Carrier Management’s annual InsurTech Summit. Frank Giaoui, founder and CEO of Optimalex Solutions, and Shane Riedman, general manager and vice president of anti-fraud analytics at Verisk, shared how their companies tap AI to improve claims management.

2

Digital transformation in the insurance industry holds many challenges, but it also holds many opportunities. Mike Mead, Chief Information Officer at CNO Financial Group joins Life Accelerated Podcast to talk about CNO's digital transformation journey and his role in navigating it. Listen here: https://hubs.li/Q02ss6Md0

6

Prudential's decision to close Assurance IQ reflects broader challenges in the #insurtech sector. It's a reminder of the importance of focusing on core strengths and strategic growth. Kudos to the Assurance team for their impactful work over the past few years. Seems like #insurtech is not easy... at least now...

2

Our CEO Ron Mastrogiovanni joined John Manganaro and ThinkAdvisor on a podcast to discuss the importance of using actuarial longevity projections in the retirement planning process. They also cover Medicare rules you should know, and reveal some interesting healthcare inflation data. https://lnkd.in/eeMgESi4 Also... Our upcoming white paper highlights the case for using actuarial longevity as the starting point for retirement plans, illustrate the probability that clients will actually live to 95, and show the impact of using individualized, health-based longevity expectations on retirement income requirements. Stay tuned for its upcoming release!

3

Eager to learn more about the good, bad, and ugly aspects of AI in insurance? This Digital Insurance article authored by Zywave CTO Doug Marquis provides a high-level look at the current and potential impacts of new technologies. https://ow.ly/pnkv50RYMJW #Zywave #InsuringGrowth

6

📢 Big Announcement: Quility has launched new whole life insurance offerings, expanding their product lineup to provide more comprehensive coverage options. This move signifies a major step forward in customer-centric insurance solutions. 🔍 Learn more about Quility’s latest offerings and how they can benefit you. #Insurance #WholeLifeInsurance #InsurTech #CustomerCentric

1