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Weekly Brief

Thursday, August 4,2022

Feature of the Week

The Impact of Modern Insurance Policy Administration Systems on the Insurance Industry
Systems for administering insurance policies have substantially changed in recent years to include more flexible and dynamic alternatives.  Read more ‣
Role of Insurance in Risk Management: What You Need to Know
Every endeavor in a person's life has some element of risk. Every action, every aspect of life has a certain amount of risk.  Read more ‣
Advantages of Working with an Insurance Broker
An insurance broker represents customers as they seek plans that meet their needs.  Read more ‣

CIO Viewpoint

Calculating the Value of Essential, Yet Intangible, Data Challenges
By Scott Gilbert, Chief Information Officer, Marsh & McLennan Companies  
The key to properly insuring and mitigating data risks is to first dig much deeper than headlines on data breaches.  Read more ‣
Artificial Intelligence and Business Productivity
By Greg Tacchetti, CIO, State Auto  
A few recent examples of productivity improvement driven by ML algorithms are the use of Natural Language Processing (NLP) and Computer Vision (CV)  Read more ‣

Featured Vendors

Nanoinsure: Bringing Innovations to the Insurance Industry
By Terence Ho, Chief Commercial Officer  
Nanoinsure software platform has been powering some global leading insurers in nine markets, seven languages, and multiple currencies. Every day, more than 30,000 insurance advisors use the software. They deliver the total Value of New Business (VNB) of more than US$ 900 million yearly and serve and protect 11 million policyholders.  Read more ‣
TransEleven Claims Managers: A Global TPA Leveraging Litigation Expertise and InsurTech to Serve the London Insurance Market
By Shelle Hobbs, Chief Executive OfficerKathy Weber, President, Claims and COO  
TransEleven provides comprehensive claims administration, litigation management and program development services to foreign and domestic insurers who underwrite and manage risk. TransEleven specializes in claims administration services for programs placed by coverholders authorized to work in the London Market.  Read more ‣

CXO Insights

AI- A New Frontier In Credit Insurance
By Stan Chang, Director Group Buyer Underwriting, Atradius  
I’ll confess. I’m old school. Old school in a prosperous, century-old credit insurance company that was built on a bedrock of pride, people, expertise  Read more ‣
Evolving Constantly with the Changing Trends is the Key to Success
By Randy Paez, Chief Information Officer, Arch Insurance Group  
Taking his experience from insurance, consumer, education, and public space, Paez again moved back to the insurance space and led the development and engineering teams for York, which was a monoline regional TPA.  Read more ‣