Hiscox’s Post

“AI for Underwriting Unleashed” is the focus of Session 2 at this year’s virtual InsurTech Summit on May 21, with insights from Max Bruner, founder and CEO of Anzen Insurance, and Marcus Daley, technical co-founder of NeuralMetrics This expert panel will dive deep into the transformative role artificial intelligence is playing in insurance underwriting. 🤖 They’ll offer advice to insurance carriers for harnessing AI to sort data and make the underwriting process more efficient, including the importance of using accurate and structured data to train the AI models. 📊 Learn how #AI technology can give insurers a competitive edge. Save your spot now for this free event presented by Carrier Management https://lnkd.in/gdCDgYD5 #AIinInsurance #TechTransformation #RegulatoryCompliance

AM Best Exclusive🎙️ Tim Rayner discusses the potential of #GenAI and large language models within the insurance industry with John Weber at #VIC2024: https://vrsk.co/4bj64w0. Catch Tim and many other industry leaders at #VICUK2024! 👀 #Insurance #LeadershipInsights #AI #InsuranceIndustry #GenerativeAI #Innovation #Technology #Data

I recently had the pleasure of discussing the transformative impact of Generative AI in Underwriting at Insurtech Insights USA 2024. Alongside my co-panelists Sy Foguel, Matthias Weber, Adam Sills , and moderator David Schapiro, we shared insights into how underwriters can leverage AI to enhance risk assessment, streamline processes, and adapt to the changing needs of the industry. Needless to say that this is a very exciting (yet challenging) time for the industry.  #underwriting #genai #insurance

🐶 Even Fido knows it's time to learn new tricks in insurance! While our furry friends may not be mastering AI just yet, Lloyd's syndicates are certainly embracing it. Smart follow and algorithmic underwriting are transforming the London insurance market, and as savvy professionals, we need to stay ahead of the curve. Key insights for the curious minds: • Automation is reshaping traditional underwriting processes • Data-driven decision-making is becoming the new norm • Industry leaders like Hiscox are partnering with tech giants for AI solutions This shift offers exciting opportunities for innovation and efficiency. But like teaching an old dog new tricks, it requires dedication and adaptability. How is your organization approaching these changes? Are you unleashing the power of AI in your underwriting processes? Let's learn from each other and lead the pack in insurance innovation! Read the article: https://lnkd.in/e8Aa5EpM #InsurTech #AI #UnderwritingInnovation #ContinuousLearning

Day one at #BIBA2024 was packed with insights and inspiration around the theme of #WhatsNext for brokers and insurers. These informative sessions highlight the vital issues in insurance, innovative ways to use AI, and the future of the insurance industry. If you’d like to learn more about how Verisk is helping shape ‘what’s next’ for brokers, visit us at stand D48. Looking forward to more enriching discussions and insights on day two! #InsuranceInnovation #DigitalTransformation #AI #Verisk

Last week, Margot Wilson, Hannover Life Re's Australasian Chief Operating Officer presented on a panel at the Insurance Business Australia Claims Leaders Summit. The discussion highlighted the need to focus on how we can bring AI and automation into the points in our business activities where it is best suited. It included examples like detecting digitally enabled fraud and empowering our customers and claims teams to access information more easily; in both examples, the criticality of data quality resonated widely at the forum.   “It’s important to understand what AI is good at, and what it’s not good at…. Solving the data quality challenge will unlock the opportunities to use AI”. #reinsurance #ai #claims #insuranceinnovation

Discover the transformative power of GenAI in the insurance industry! 🚀 Our latest blog post dives deep into how AI is reshaping risk assessment, underwriting, and more. Learn how insurers can enhance customer experience and stay ahead of the curve. What challenges and opportunities await? https://sps.news/3zlyrI #SPS! #AI #InsuranceIndustry #Innovation #InsurTech

As a board member, how are you helping track consumers’ trust in your business? Leading Through Disruption features powerful conversations with prominent leaders navigating this era of relentless change. Read the full interview with Artur Niemczewski, AI & Digital Champion at Chartered Insurance Institute. 🔗 https://hubs.la/Q02wdd080 #CustomerCentric #BoardKPIs #BuildingTrust

If utilized to its fullest potential, AI in insurance can contribute to unprecedented levels of accuracy and speed. Companies embracing the technology are already taking advantage of improved customer interactions, valuable predictive insights, enhanced accuracy, and more. Our latest in-depth piece discusses existing AI insurance use cases across risk modeling, data forecasting, and claims processing. Read the full article here: https://lnkd.in/evw3sBYz

👉 In the fourth in our series of videos on the topic of AI in insurance, our VP of Data, Patrick Greene, discusses the main data challenge facing insurers in relation to artificial intelligence today - silos! Watch the clip below or check out the article here https://ow.ly/v4mr30sFkwz #ArtificialIntelligence #Underwriting #Insurtech #LifeInsurance