Allianz Technology’s Post

Industry and regulators need to chart safe course for AI #AI #artificialintelligence #insuranceindustry #xceedance #emergingrisks https://lnkd.in/euDEKbgX

“AI will certainly make huge improvements in the sales, underwriting, and distribution areas of the insurance value chain, but claims is where we believe we will see the greatest impact.” Heather H. Wilson Check out this great interview from TDWI where CLARA CEO, Heather Wilson, answers questions on how AI is enhancing traditional analytics. #AI #augmentedintelligence #claimsmanagement https://lnkd.in/esGH9Kri

It's so cool to live in an age where machines have moved from compiling, storing and retrieving data to learning data and generating insights. However, I think there will be a large gap in AI where the "human" factor adds a much needed perspective to AI generated insights. Where you do you think AI has excelled and fallen short in all of its new capabilities today? #AI #dataanalytics ##datainsights #thehumanfactor

Revisit our blog post, The Future of AI Development: Insider Insights from Expert Panelists. Dive into discussions on cutting-edge AI advancements and industry trends. Don't miss these expert perspectives!🚀 Click the link: https://hubs.ly/Q02VyDyF0 #AI #TechTrends #FutureOfTech

Check this out - How AI is Driving Personalization in Insurance Claims Experience Explore how AI technologies can personalize claims processing by tailoring communication and solutions based on individual customer profiles. Read full blog here 👉 🚀 https://lnkd.in/g7EG7Yky #insurancetech #insurtech #aitechininsurance #insurancesoftware #insurancesolutions #insurancesoftware #aiclaims #ai

What are the real applications of Artificial Intelligence (AI) in the insurance industry? In our latest blog, we cover the powerful AI opportunities that insurers can implement in their technology to streamline processes and improve customer satisfaction. AI has the potential to: ✔️ Automate processes including claim organisation ✔️ Verify and evaluate claims ✔️ Assist with compliance Learn more about the potential AI has by reading our blog: https://bit.ly/4a8mtCR #finity #ai #insurance #aiinsurance

"As AI continues to establish a foothold in insurance, it’s important to remember two things: (1) AI can be invaluable in automating routine tasks to reduce the need for manual intervention. (2) The predictive value of AI lies in hindsight; that is, its ability to analyze data, to identify patterns, and to predict outcomes is retrospective. It combines machine learning, AI, and statistical models to identify relationships between variables and to make predictions."

Have you come across the term #AgenticAI before? If not, then this Endava article is a must-read! (And even if so, it's still definitely worth a read.) One of the most interesting points I found in this article was the section explaining how agentic AI builds on four advances in generative AI. Perhaps the most significant advance is that agents can collaborate. Making 'teams' of agents that can collaborate on complex tasks like a renewal, onboarding or claims process. What are your thoughts on Agentic AI? Let me know in the comments below. Follow me on X 👉 @iamSanjoy_Gupta

AI in insurance: friend or foe? 🤔 Came across this article from Swiss Re: https://buff.ly/4eYuHR4 On the plus side, AI brings a whole host of benefits. It can: ✅ Speed up claims processing ✅ Asses risks more accurately ✅ Set fairer premiums ✅ Detect fraud better But it's not perfect. Here's why: ❌ AI lacks empathy when handling claims ❌ There are concerns over data privacy and bias ❌ It could displace human workers The trick is to balance the good and the bad. How about using AI to help with decision-making instead of taking over completely? That way, we get AI's efficiency and still have humans to offer the empathy and understanding that make a big difference. 🤖+👥 Ultimately, AI can really boost the insurance industry, but it's up to us to ensure it's used ethically and effectively. What do you think? #AI #Insurance #CNCExpertise