India Insurtech Association’s Post

Day 1 @ ITCVegas done – Great Start. As the head of Insurance SBU at Kumaran Systems and responsible for Digital Initiatives, I’m eager to connect with industry leaders and dive into the latest trends in insurance technology and AI-powered transformation initiatives. This year, I’m especially interested in exploring advancements in AI including factors determining decision-making on choosing apt LLM at enterprise level use cases, focused SLM’s, Autonomous Agents, Digital Workers, AI Governance and Cost optimization for AI implementation. At Kumaran Systems, we’re passionate about driving AI-powered transformation—integrating AI into every aspect of our offerings, from reshaping how insurance operations are managed through IT modernization to revolutionizing customer experiences with intelligent automation and data-driven insights. By embedding AI in our solutions, we help insurers unlock new efficiencies and stay ahead of the curve. Equally, we believe in the power of partnerships to unlock new opportunities, collaborate on emerging technologies, and reshape the insurance landscape. Looking forward to view latest innovations and discussions with industry peers at exhibit area. #ITCVegas #KumaranSystems #AI #InsuranceInnovation #InsurTech #AIinInsurance #CognitiveAutomation #AITransformation #Partnerships #InsuranceConference

💻 Navigating change in insurance will be a key challenge as we enter an AI enabled world. Matthieu Caillat of AXA XL will be sharing his insights into this critical area at TINtech this June, discussing the transformative power of AI and technology in the insurance industry. As COO, Matthieu oversees a global team focused on Operations, IT, and Innovation across 23 countries. 💡 The session will explore how to balance the introduction of new technologies with the optimisation of existing capabilities, managing employee tensions and fears as AI becomes a central element in insurance operations. Matthieu’s insights will be invaluable for leaders seeking to drive change effectively. #InsuranceLeadership #TechnologyInInsurance #AIandInsurance #TINtech

Ever wondered how CyberAge Technologies develops cutting-edge AI solutions for the insurance industry? Our team is at the forefront of innovation, consistently working to streamline operations and drive growth for our clients. #AIinInsurance #OperationalEfficiency #GrowthThroughAI At CyberAge, we value a culture of inclusivity and collaboration, which fuels our development process. Our diverse team brings unique perspectives and expertise to the table, resulting in solutions that cater to the specific needs of the insurance sector. But it's not just about the technology, it's about the people behind it. We're proud to highlight our team's accomplishments and celebrate their hard work in making AI accessible and actionable for businesses. #CyberAgeCulture #TeamHighlights Through our AI solutions, the insurance sector can benefit from improved operational efficiency and increased growth opportunities. Let us show you how our innovative approach can transform your business. #InsuranceSector #AIforGrowth Want to learn more? Dive deeper into our AI development process on our website and see how we can elevate your business to the next level. #CyberAgeBehindTheScenes #InnovationProcess

Insurance is undergoing a profound shift, propelled by digital transformation and the integration of AI. A remarkable 65% of insurance companies are committing substantial investments, exceeding $10 million, in AI initiatives over the next three years. Paul Tyler from Nassau Financial Group Financial will talk with Michele Trogni from Zinnia on the Medicarians Vegas 2024 Plenary Stage about powering growth through the strategic use of innovative technology. #MedicariansVegas #Medicarians2024 #seniorhealth #seniorwealth #agetech

Artificial Intelligence (AI), Big Data and Embedded Insurance are reshaping the Insurance industry, both now and in the years to come.   At the Insurtech Insights 2024 event in London, attended by over 13.000 industry professionals from 80+ countries, the future direction was clear. The focus was on AI solutions, from automating claims processing to using chatbots for sales support, and even all-in-one systems that quickly tailor products to consumer needs.   But it's not just about technology; data plays a pivotal role. It helps companies understand their customers better, allowing for more personalized offerings.   Embedded Insurance is another game-changer, providing coverage at crucial moments in customers' lives or purchasing decisions, giving companies a chance to shine in a crowded market.   For us at D4NEXT, the future is happening now. We're taking an innovative approach that brings together AI, data management and Embedded Insurance to create tailored solutions for companies ready to embrace the digital transformation.     #d4next #d4x #yogaplatform #agilitylayer #future #tech #insurance #insurtech #fintech #startup #business #finance #technology #digital #innovation #software #artificialintelligence #bigdata #embeddedinsurance #insurtechinsights 

UnifyAI empowers insurance companies to design better products by analyzing historical mortality data. Our AI-driven platform accelerates the deployment of models that offer real-time insights, refining product offerings with data-driven precision. With continuous data integration and customizable models, UnifyAI adapts to evolving data, helping insurers stay aligned with market needs. Improve strategic planning, enhance competitiveness, and inform product design with the power of UnifyAI. Book a demo to learn more: lnkd.in/gvtWwvMU #AI #InsuranceTech #ProductDesign #MortalityData #UnifyAI #DataDrivenInsights #Innovation #DigitalTransformation #Insurance Sandeep Khuperkar Pritesh Tiwari Shivam Thakkar Sandhya Oza Dr Ramesh Khare Rajeshwar Singh Rohit Rajgor Hardik Raja Saurabh Singh Javed Tapia Hemant Kenia Chirag Kenia SK International Clover Infotech Sharad Sanghi Dr Anu Sahni Deepti Dilip Vimal Pillai National College of Ireland INDUSTRY 4.0 AI Frontier Network AI Time Journal InsTech.ie

Discover how GenAI is reshaping the insurance landscape! From personalized customer experiences to streamlined services, the Annual InsurTech Report 2023 dives deep into the transformative power of GenAI. Embrace the innovation wave and see how GenAI is one of the key players in championing the vision of "Insurance for All". Ready to explore the next frontier? Download the report now! https://bit.ly/3rIV4q4 Note: The Annual InsurTech Report was unveiled during our Annual Event 2023, in collaboration with Boston Consulting Group (BCG). To view the launch video, please follow this link: https://lnkd.in/gqAmeDUX #insurtech #insurancetechnology #generativeai #genai #technology #artificialintelligence #machinelearning

🚀 Don't miss this insightful discussion led by industry experts!  The future of insurance is here, driven by technology! Dive into the latest innovations shaping the InsurTech landscape in 2024.🚀 #RegisterNow https://lnkd.in/dK4MkmRR Our Expert Panel will discuss: - How InsurTech revolutionizes the insurance value chain. - The game-changing impact of AI and advanced analytics in underwriting and customer engagement. - The role of InsurTech startups in personalizing insurance products and processes. - Insights into regulatory challenges and opportunities. - Emerging technologies and market trends shaping the future of InsurTech.    Reserve your virtual seat now! See you there!   #RegisterNow #JoinTheConversation #Welcome #VirtualEvent #InsurTech #AI #Technology #Insurance #Innovation #Underwriting #ClaimsManagement #ProductDevelopment #CustomerExperience #RegulatoryCompliance #DataAnalytics #IndustryResearch #InsuranceIndustry #BeExecutiveEvents #Event #ExclusiveEvent #PeerToPeer #Networking #BusinessTrends #TechnologyTrends #Trends2024

Today, GFIA addressed a IAIS - International Association of Insurance Supervisors stakeholder event on the upcoming application paper of #AI. Chair of GFIA’s Disruptive Technologies Working Group, Geeke Feiter-van Heuvelen highlighted the following crucial points : 👉 The insurance industry has a rich history of using data. AI applications pose minimal risk to consumers. They primarily enhance internal processes, such as e-mail routing and customer call summaries. 👉 The insurance sector operates under robust regulatory and supervisory standards, which effectively manage AI-related risks. 👉 Addressing protection gaps :  - AI optimises prevention measures, expanding the pool of insurable risks (e.g. weather forecasting, preventive maintenance). - New business models, like telematic and parametric insurance, emerge due to AI. Telematic insurance benefits risk-averse individuals, especially young drivers. 👉 Despite AI advancements, traditional risk pooling remains the cornerstone of effective insurance coverage. #InsurTech #AI  

🌍 Just wrapped up an electrifying executive roundtable on AI in insurance, this morning with Camelot and our partner Quantexa. 🚀 Key insights: 1. Data Governance as Strategic Priority Data quality is a CEO-level concern, with clean integrated data enabling effective AI decision-making. 2. AI Strategy Aligned to Business Integrate AI into core strategy, not as a separate initiative. Reengineer processes like underwriting. 3. Cultural Shift to Data-Driven Mindset Reshape culture to embrace data-driven decisions, overcoming inertia and silos. 4. Redefining Customer Relationships Shift from reactive to proactive, hyper-personalized policies, enhancing trust and credibility. The verdict? 🏦 Insurance is catching up in the AI race, but needs: 🧹 Clean data 🎨 Visionary strategy 🤝 Industry collaboration 🎶 Leaders orchestrating change Huge thanks to our global experts for sharing wisdom! 🌟 #AIinInsurance #LondonTech #InsurTech David Clamp Louise Barnes Alex Christopher Sanders Choong Kwan Simon Bradley Petr Vaclav Dan Keeler Susan Fallon Gemma Phair Paolo Cuomo Krishnakumar Nagarajan Beatriz Montoya Scott Clayton Ian France Linda Holmes Giri Pancharatnam Fliss Simpson