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🚀 Exploring the Future of Insurance with AI and Parametric Models! 🌐💡 Parametric insurance is revolutionizing the way we manage risks and handle catastrophic events. By leveraging pre-defined parameters and cutting-edge technology like AI, insurers can provide quicker, more transparent compensation for events like flight delays and natural disasters. However, integrating AI into parametric insurance comes with its own set of challenges, from ensuring data accuracy to effectively interpreting unstructured data for risk assessment and underwriting decisions. Exciting opportunities lie at the intersection of parametric insurance and AI, paving the way for more efficient risk management strategies and tailored solutions for businesses facing unpredictable challenges. Dive into this insightful article on navigating the complexities and possibilities of parametric insurance powered by AI: https://lnkd.in/d7ByvQxn 💬 How do you see AI shaping the future of insurance? Share your thoughts below! #AI #Insurance #ParametricInsurance #Innovation #FutureofInsurance 🚀🔍

🚀 Parametric insurance redefines the insurance landscape by utilizing pre-defined parameters to determine compensation, streamlining claims processing and minimizing disputes. This innovative approach provides efficient coverage for catastrophic events like flight delays, agricultural damage, and natural disasters. 🔍 Challenges arise with the integration of AI, especially concerning data quality and risk modeling. High-quality, real-time data from sources such as weather stations and satellite technology is essential for accurate pricing. Additionally, AI tools like neural networks are utilized to address complexities in risk assessment and prediction. 💡 Parametric insurance requires AI to interpret unstructured data effectively, extracting relevant information for risk assessment and underwriting. Critical analysis of predictive forecasts ensures the validity of underwriting decisions. 💼 Traditional indemnity-based insurance isn't always optimal for managing exposure to natural catastrophes. Reinsurers like SwissRe, MunichRe, and Scor offer parametric insurance solutions, agreeing on loss amounts in advance for specific risk profiles ( agriculture & life risk). Upon reaching predefined thresholds, reimbursements protect company cash flow and profits. #ParametricInsurance #AI #InsuranceInnovation #RiskManagement #Insurtech 🌐📊

One of the most important volunteer experiences of my life is coming to an end, an initiative that I will certainly repeat next year. SCHOOL OF STARTUP ended!!!! in the best possible way. Over the past few months, we have been proud to have been able to accompany high school students from the Pinerolo area in the main FAWLTS programme. Clear objective of bringing high school students closer to the world of #work, developing the hard & soft skills of #business with the aim of creating their own #startup. It was a pleasure to follow 2 of the 16 competing groups: -M.O.F. (My Old Friend): services for elderly people in need of physical and psychological support. -HiGrowth!: Bringing NEETs ('Not in Education, Employment, or Training') out of their black hole. Giving everyone the opportunities and skills to lead their personal and professional lives with a firm grip on the helm of their ship. Congratulations to the winners and to all those who participated as students and teachers/tutors (Mirko Carena, Luca De Pietro, Umberto Mottura, Francesca Rinero, Giulia Thibault & @Francesca Bastianini).

Aujourd'hui, dimanche 7 avril, c'est la Journée Mondiale de la Santé. Vous êtes une personne qui a un mode de vie sain et qui se maintient en forme ? Profitez du code ANPAS23 et bénéficiez d'une réduction de 50 CHF sur votre Assurance Vie - Risque Pur. Qu'attendez-vous ? https://lnkd.in/eVnMiWjN

Thank you Andrea Paschetta for your great contribution for the Insurtech world.

🔍💡 Excited to explore the transformative role of Artificial Intelligence in insurance? 🚀 Let's delve deeper into how AI, exemplified by ChatGPT, is reshaping the industry landscape from fraud detection to legal strategy optimization! Here's a glimpse into the myriad applications: 📚 Automating Legal Research: Insurance firms often grapple with vast legal datasets. AI streamlines this process by analyzing statutes, regulations, and case law, offering comprehensive insights efficiently. 🔍 Claims Analytics and Fraud Prevention: AI algorithms, like ChatGPT, scrutinize customer claims, identifying irregular patterns indicative of potential fraud. This advanced analysis ensures prompt detection and prevention of fraudulent activities, safeguarding the integrity of insurance operations. 💼 Insurtech and Legal Tech collaboration: some innovative startups revolutionize document authentication and certification. Working with leading insurers, it ensures the authenticity and immutability of digital content, strengthening cybersecurity measures in the insurance industry. 🔒 Cybersecurity Solutions: Legal Tech innovative cybersecurity solutions provide legal value to digital content, safeguarding against manipulation and misinformation. With stringent adherence to international standards, such as eIDAS, GDPR, and ISO, fortifies data integrity and authenticity. 📈 Optimized Legal Strategies: Leveraging AI-based predictive analytics, insurers can discern optimal legal strategies tailored to specific cases. These predictive algorithms offer invaluable insights, enhancing decision-making processes and maximizing favorable outcomes. 💬 Excited to learn more? Explore how AI is revolutionizing insurance practices, driving efficiency, and ensuring trust in an ever-evolving digital landscape. Stay ahead of the curve with cutting-edge innovations in AI and insurance! #AIinInsurance #InsuranceTech #LegalInnovation 💼🔍🚀

Le mercredi 27 mars à 17h dans la salle Saône de l'Orial, grâce à l'expert-comptable Elia Cunzi nous avons eu l'occasion d'approuver le Bilan 2023. Sous la couverture du Président Igor Stamboulian, nous avons ensuite eu le plaisir de présenter les documents pour l'approbation des comptes 2023 à l'Assemblée Générale Ordinaire de la Chambre de Commerce Italienne de Lyon. L'occasion est belle de souligner l'excellent travail accompli au fil des ans par Annibale Fracasso (Secrétaire général) et Adriana Sala. Toujours agréable de se rencontrer: joel mancuso, patrick amicucci, MASSIMO ARGAN, Thierry Bonnet, Adrian Kamil Mikhail, Baptiste Laffin, Raffaella Mele, Christophe Minicillo, Aldo Sevino.

Dans la magnifique @Villa Ciani, hier soir, à l'invitation du repeople-network par Paolo Caspani.... SafeSide était invité, avec Ivan Bernaschina du CMO Cassa Malati Online, à l'ouverture de la cinquième édition de #YouNique. Ce fut un plaisir de discuter avec Ivan et les participants InsurTech, de rencontrer le maire adjoint de la ville de Lugano Roberto Badaracco, ainsi que Massimo Basile, Sacha von Büren, @Nicolas B. Greissing, Elena Rivautella à qui nous sommes très reconnaissants de nous avoir accueillis. C'est toujours un plaisir de rencontrer Sheila De Lucia, Christian Massard et Nicola Scotti.

➡ [ FOLLOW - UP ] ✳ Meet the speakers of our first meeting at Uni Mail University in Geneva! Today we introduce Andrea Paschetta, an AI enthusiast and member of the GlobalAI Association, dedicated to promoting ethical and sustainable AI development worldwide. https://lnkd.in/dVC6KrnH #AI #association #Geneva #meeting #conference