Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
Introducing CognilinkClaims: Sutherland’s Latest AI Breakthrough in Insurance Claims Management
Aug 8 2024 // Pittsford, NY. August 8, 2024 — Sutherland is excited to introduce CognilinkClaims, an innovative AI-powered solution that integrates Classic AI and Generative AI capabilities to redefine and streamline the entire...
Viewpoint: Generative AI in Insurance Isn’t Working
Aug 7 2024 // The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in generative AI...
Medical Worker Wants Home Insurance to Cover Her Against Patients’ Data Claims
Aug 5 2024 // A Connecticut clinical social worker believes her homeowners insurer should defend and indemnify her against claims she violated patients’ privacy by accessing and sharing their private medical information. She says...
Behind the Development of the AI Marketing Toolkit
Aug 5 2024 // In today’s fast-paced insurance market where time is more precious than ever, the ability to streamline operations and offload routine tasks is invaluable. Communication and relationships remain at the heart of what...
AI Startup Suno Says Music Industry Suit Aims to Stifle Competition
Aug 2 2024 // AI music startup Suno is pushing back against the world’s biggest record labels, saying in a court filing that a lawsuit they filed against the company aims to stifle competition. In a filing Thursday in federal...
New York City Turns to AI-Powered Scanners to Keep Guns Out of Subway
Jul 31 2024 // New York City is turning to AI-powered scanners in a new bid to keep guns out of its subway system, but the pilot program launched Friday is already being met with skepticism from riders and the threat of a lawsuit from...
Harnessing the Power of AI: Revolutionizing Insurance
Jul 30 2024 // This post is part of a series sponsored by Dyad. In the dynamic world of insurance, staying ahead of the curve is paramount. With the advent of Artificial Intelligence (AI), players in insurance are experiencing a...
Outlook Positive, AI Use on the Rise for Independent Agents, Says Nationwide
Jul 25 2024 // Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions...
Applied Systems Acquires Insurance AI Platform Planck
Jul 24 2024 // Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance. It...
Lloyd’s Insurer AEGIS London Launches Data Science and Analytics Team
Jul 15 2024 // AEGIS London, the London-based Lloyd’s syndicate, has established a new Data Science and Analytics team to enhance underwriting capabilities and data-driven initiatives. Led by Giuseppe D’Angelo, head of Data...
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey
Jul 15 2024 // A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher...
Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics
Jul 5 2024 // Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions of dollars in claims. Insurers faced losses after the 2020 Tokyo Olympics...
As AI Gains Workplace Foothold, States Try to Make Sure Workers Aren’t Left Behind
Jul 5 2024 // With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming...
AI and APIs: Essential Tools for Zurich Insurance Group’s Digital Leap
Jul 2 2024 // Executive Summary: For a multinational insurance company like Zurich Insurance Group, which can find itself delivering large, complex policies in multiple languages to a single international customer, there’s a...
Minimizing AI Cyberattacks
Jul 1 2024 // This post is part of a series sponsored by TSIB. We are seeing an explosion of technology as our devices become more powerful and less expensive. Companies are taking advantage of our voracious appetite for all things...
AI, Economy, Geopolitical Conflicts Lead to Highest Level of Corporate Risk in 12 Years: Report
Jul 1 2024 // Economic volatility, geopolitical upheaval and artificial intelligence (AI) have driven the corporate threat level to its highest in 12 years, according to Clyde & Co’s 2024 Corporate Risk Radar. The survey of...
Big Data, AI and the Rate-Making Revolution Can Mean Intellectual Property Trouble for Rating Organizations
Jul 1 2024 // The insurance industry has increasingly relied upon the use of big data to enhance its operations and core functionalities, and one way this trend has manifested is in the realms of property and casualty business, where...
The Role of Data Analytics in Marketing for Insurance
Jul 1 2024 // The strategic application of data analytics has become a cornerstone of success in the insurance industry. Data analytics and predictive modeling offer insurance entities a powerful means to identify profitable market...
Thanks to AI, Industry Could Soon See Big Rise in Parametric Insurance. Are Agents Ready?
Jul 1 2024 // Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that...
‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC Says
Jun 26 2024 // The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more...
