AI & Automation

How Can Insurance Companies Improve Terminal Illness Claims Processing?
AI & Automation How Can Insurance Companies Improve Terminal Illness Claims Processing?

The insurance industry is often criticized for its complex and inefficient claims processes, particularly when it comes to terminal illness benefits. Heather Sawyer's distressing experience with her insurer while battling stage 4 cancer highlights the urgent need for significant improvements in how

VBA Modernization Increases Efficiency and Accuracy in Claims Processing
AI & Automation VBA Modernization Increases Efficiency and Accuracy in Claims Processing

The Veterans Benefits Administration (VBA) has undergone profound modernization efforts that are ushering in a new era of unprecedented efficiency in claims processing. With a bold vision of transforming its operations, the VBA has managed to seamlessly integrate human-centered design and foster

How Will Helios Underwriting’s 2025 Strategy Impact Lloyd's Profits?
AI & Automation How Will Helios Underwriting’s 2025 Strategy Impact Lloyd's Profits?

In an industry where navigating through volatility while seizing opportunities defines success, Helios Underwriting announced an anticipated £484 million capacity for its 2025 Lloyd's syndicate portfolio, a 5% reduction from £512 million in 2023. The strategic adjustments following the 2024

DAC Beachcroft Enters US Market with New Offices in New York and LA
AI & Automation DAC Beachcroft Enters US Market with New Offices in New York and LA

DAC Beachcroft, an international law firm with a strong reputation in the insurance industry, is marking its significant entry into the US market by opening new offices in New York and Los Angeles, effective January 1, 2025. This bold move is not just a geographical expansion but a strategic step

AI-Powered Upgrade to Revolutionize Actuarial Modelling for Insurers
AI & Automation AI-Powered Upgrade to Revolutionize Actuarial Modelling for Insurers

The integration of artificial intelligence (AI) into WTW's RiskAgility Financial Modeller (RiskAgility FM) marks a significant leap forward for life and health (L&H) insurers facing increasingly complex products and regulatory landscapes. As these companies strive to comply with rigorous standards

How Will Roadzen and Cimarron Transform U.S. Auto Insurance Market?
AI & Automation How Will Roadzen and Cimarron Transform U.S. Auto Insurance Market?

Roadzen's recent partnership with Cimarron Underwriters, LLC sets the stage for a significant evolution in the U.S. auto insurance landscape by combining cutting-edge technology with established insurance brokerage frameworks. Leveraging Cimarron's extensive Managing General Agent (MGA) licenses

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