In an initiative set to revolutionize the insurance sector, the West African Insurance Companies Association (WAICA) recently orchestrated a significant conference that put the spotlight on the concerted effort required to harmonize insurance regulations and education among Anglophone countries in
New Zealand is on the brink of a significant transformation in how insurance is regulated and managed. Commerce and Consumer Affairs Minister, Andrew Bayly, has brought to the forefront the glaring issues in the country's outdated and convoluted insurance legislation. As it stands, the current
The insurance sector is venturing into a transformative era, where customer experience (CX) has become the cornerstone of competitiveness and corporate identity. Amidst a sea of similar products and services, insurers realize that a superior CX can set them apart in a saturated market. With the
The world is fast embracing the digital era, and with it, the significance of AI trust in the public sphere has burgeoned. At the heart of this technological paradigm, MITRE has launched its AI Assurance and Discovery Lab—a beacon of hope for those alarmed by the integration of AI into government o
As the global community continues to tackle the impacts of COVID-19, the integration of technology, and specifically AI, into testing protocols is of paramount importance. With the introduction of cutting-edge digital solutions like the Segtnan™ app, we are witnessing a significant leap forward in t
The insurance industry is embracing a critical technological transformation. Innovations such as artificial intelligence, cloud computing, and more are reshaping operations and customer experiences. This progression is crucial for survival and success in an evolving landscape, marking a new era for
The UK remains a beacon for financial tech progress, particularly within RegTech—a sector that thrives as it tackles increasingly sophisticated regulations. At the pinnacle of this innovative domain, Detected has earned the top ranking on the prestigious RegTech 50 for 2023 list by BusinessCloud, a
EPIC's Allegations The privacy watchdog EPIC has filed a complaint with the FTC against Thomson Reuters's "Fraud Detect" software, arguing that its faulty fraud predictions could erode public trust. The tool analyzes a range of personal data, including individuals’ shopping and s
The insurance industry is facing a critical challenge with fraudulent claims, which cause significant financial losses. As a result, there has been a heightened necessity for increased security measures. Enter Artificial Intelligence (AI), a beacon of cutting-edge technology, which is
The FDA has approved a significant breakthrough in medical technology: the AI-powered Sepsis ImmunoScore by Prenosis. This advanced diagnostic tool promises to transform the identification and treatment of sepsis, a severe and often fatal infection response. Leveraging artificial intelligence, the
