The insurance sector is undergoing significant changes, primarily due to big data innovations. A study in *The Journal of Finance and Data Science* highlights this shift, focusing on how data analysis is transforming risk assessment, premium calculation, and client engagement strategies. In 2022,
The insurance sector is undergoing a significant transformation, with the rise of artificial intelligence (AI) and automation marking an evolution in its practices. Traditionally, underwriters have been pivotal in assessing risks and setting premiums; however, they are now finding that AI
Appian is redefining insurance underwriting with its new Connected Underwriting Life Workbench, a cutting-edge tool engineered to heighten efficiency and accuracy in risk assessment. By harnessing the power of AI and automation, Appian's introduction promises to streamline the traditionally
The Genesis and Growth of AI in Healthcare The concept of AI has evolved significantly since Alan Turing's landmark paper laid the foundation for machine intelligence. Turing's ideas have burgeoned into a variety of sophisticated applications that now play crucial roles in healthcare.
The auto insurance sector is undergoing a dynamic transformation, propelled by the advancements in artificial intelligence (AI). Insurance companies are utilizing powerful AI algorithms to decode intricate driving behavior patterns, a task beyond the scope of traditional methodologies. This
Recent findings from an Airmic survey have highlighted a disturbing trend: organizations are significantly behind in managing AI-related risks. Shockingly, up to half of all companies have not conducted essential assessments for their AI systems. This oversight suggests a gaping hole in corporate
