QuoteWell’s Post

Exciting discussions and cutting-edge solutions defined our experience at the Future of Insurance event in Chicago. Dive into our blog to learn how AI is shaping the future of insurance, and how Beyondsoft is leading the way with impactful solutions. https://vist.ly/3c3yv #InsuranceTech #CustomerSatisfaction #InsurTech #AI #FutureOfInsurance

In the insurance industry, personalization is no longer a luxury; it's an expectation. Clients and prospects want service that caters to their unique needs. With the rise of AI, meeting these expectations has never been more accessible. Read the following article to learn more about the importance of personalized service and how you can leverage AI tools to ensure your clients get exactly what they need: https://lnkd.in/dwbBmcws

2024 is the year of execution and insurance industry leaders are leveraging advanced technology to stay ahead. Are you ready to take off with AI? 🚀 Don’t do it alone. Check out my article about navigating AI:

The second video from Insurance Times is live! ▶️ Yiannis Kotoulas and Jeremy Jawish discussed the latest advancements of #AI within the #insuranceindustry and how insurers can automate and optimize decision making. Watch now: https://hubs.la/Q02dtx8-0

AI in underwriting has long been touted as a game-changer for underwriting. But how much is hype and how much is reality? What’s the true progress of insurers in adopting AI in underwriting teams? And with what results? You can find the answers to these questions in Intelligent Insurer’s newly released “AI in Underwriting Survey Results” (sponsored by Send).  You can access the PDF here: https://lnkd.in/eXmyh6QS With 300 senior insurance executives completing the survey, it gives unparalleled insights into how underwriters are using, and planning to use, AI.  You can download the survey results for free here: https://lnkd.in/eXmyh6QS #underwriting #ai #insurance #intelligentins

The potential for advanced technology in claims management is there, but first you need a solid foundation. Here's how do build one. Mike Bishop asks readers in, 'Are P&C Insurers Ready for Generative AI?' #insurance #AI https://lnkd.in/e3b79ecg

Transformation is knocking at the doorstep of the insurance industry, brought on by the cutting-edge technology of Generative AI (GenAI). ⚡ It's reshaping operations, sparking innovation, and redefining customer service like never before in the sector. Yet, while we often highlight AI's customer-facing innovations, the role of GenAI in boosting operational efficiency doesn't always get the spotlight it deserves. ⛏️💰 More details in our last blog post: ⬇️ https://bit.ly/4cJnl2s #GenAI #insurance #innovation #operationalefficiency

The first step towards integrating Artificial Intelligence in the Insurance market safely with a real and practical use. Voult automates complex insurance claims validation checks for the Lloyds Market, entirely built on the Cyferd platform. We worked with Industry experts who have tried to solve this problem before without success. Our technology ensured we could solve this in a matter of weeks! Voult shrinks hundreds of hours of work each month to just a few and accelerates the flow of money adding tremendous business value and ROI. Big thanks to Haider Al-Seaidy and Greg Merten taking for all their effort on this successful initiative. #Insurance #LloydsofLondon #ClaimsBordereaux

👨💻 Learn how you can leverage generative AI in your day-to-day operations at Intelligent Insurer's Gen-AI in Insurance USA conference in Boston. We'll be there, so come chat with us at the Mlliman table! Catch our Chris Beck and Thomas Prince's presentations on September 17. Chris will be delivering a keynote address and Tom will be part of panel discussion titled "Build vs. Buy debate - learn how to incorporate this technology based on scale, company size and inhouse expertise." Check out the full agenda here: https://bit.ly/3XF0wrb #Milliman #GenAIUSA #insurance #AI

🤖 AI is as popular as ever among insurers - but what's the deal with AI governance? In our recent research report, we uncover some fascinating new statistics 📊 on the current state of operating models and governance for AI use in the insurance industry. There are two especially interesting facts we'd like to share with you today: 1. 80% of carriers we spoke to are concerned about the potential ⚖️ legal consequences of AI use 2. Only one third of carriers have 📅 short-term plans to develop AI governance policies. Read our latest blog post to learn what P&C carriers need to know about this critical topic: https://lnkd.in/eAtwAG-V #AI #Governance #Insurance #InsurTech