Across the insurance landscape, a groundbreaking shift is occurring as artificial intelligence enables insurers to extend coverage to homes once deemed too risky or outright uninsurable. Advanced AI-driven analytics, particularly those developed by technology innovators like ZestyAI, have redefined
In the evolving landscape of India's health insurance sector, the efficient processing of claims remains a significant challenge. The recent acquisition by Perfios of IHX, a healthcare information exchange platform, has set the stage for a transformative approach in claims management. Perfios, a
In an era where digital innovation increasingly drives business functions, iA Financial Group's adoption of the FICO® Platform showcases the transformative potential of artificial intelligence (AI) in the insurance industry. The corporation, which operates within the Canadian insurance and wealth
The commercial auto insurance industry is undergoing a fundamental transformation under the influence of cutting-edge technological advancements. This evolution reshapes traditional underwriting processes by not only digitizing previously manual tasks but also redefining how insurers evaluate risk,
The legislative efforts to regulate AI's use in healthcare claims processing have intensified, as multiple states in the U.S. aim to protect patients' interests and ensure fair medical decisions. The rising reliance on AI technology in various aspects of healthcare, including payer prior
The rapid integration of artificial intelligence (AI) into various business operations has introduced novel complexities and risks that traditional insurance policies may not sufficiently address. This development underscores an urgent need for insurers and insured parties to reassess and adapt
