artificial intelligence

How is AI Addressing The Challenges of Insurance Industry?
Insuranceciooutlook >> news

 Artificial Intelligence is the answer for any technological excellence in this era. With every step forward AI has become more embedded in our everyday lives and hence the Insurance sector is no exception to that. It is considered as an...

The Road to Success in the Insurance Industry
Insuranceciooutlook >> cxoinsights

Caribou Honig, Chairman and Cofounder, InsureTech Connect

Cloud. Smartphones. Genomics. Blockchain. Drones. Artificial Intelligence. All are important technologies for insurance. All have their advocates and in a few cases their zealots (looking at you, Blockchain community). Some may prove disruptive...

Can AI Help Blockchain Adoption?
Insuranceciooutlook >> cxoinsights

Aarthi Srinivasan, Director, Target

Funding has never been easier with $4B raised by Block. One in less than a year and $33M obtained in 30 seconds by SingularityNet. Over $11B in investments transpired in 2018 with 80 percent year over year growth in just the first half of this...

Ways that AI Can Benefit Insurers
Insuranceciooutlook >> news

With the sophistication and fast-rising power of Artificial Intelligence technology, it is slowly being incorporated into many companies. One such company is the insurance companies. The data that these companies generate and its value is...

What have we learned about AI?
Insuranceciooutlook >> cxoinsights

Gary Anderberg, SVP, Claim Analytics, Gallagher-Bassett

New technologies can be very seductive. We all know the process. A new type of application begins making waves in some areas of financial services. It becomes the buzzword du jour. Articles about it proliferate. “Predictive analytics”...

New Technology Developments Impacting Insurance Regulation
Insuranceciooutlook >> cxoinsights

Mike Consedine, CEO, National Association of Insurance Commissioners (NAIC)

It’s an exciting time to be in the insurance regulatory space. Technologies such as telematics, blockchain, big data and cloud computing are transforming our world. As a result, we have new insurance products to streamline customer...

Back to the Future: 100 Years of Disruption
Insuranceciooutlook >> cxoinsights

Marik Brockman, VP, Strategy & Partnerships, CSAA Insurance Group

When you’re sneaking up on your 105th birthday, it’s probably fair to say that you have seen a few changes in your time. In 1914, CSAA Insurance Group, the AAA insurer for 23 states and Washington, D.C., was founded by a small...

Empowering Insurance Using Cloud
Insuranceciooutlook >> cioviewpoint

Ron Guerrier, CIO, Express Scripts

Technology has driven a paradigm shift in business operations today. In addition to catering to customer demands, companies seek to offer them an outstanding experience. In the insurance sector, serving the customers requires companies to be...

Future of Automation in Insurance
Insuranceciooutlook >> cxoinsights

Matthew Marino, AVP, Unum

In the time that has passed from when I was asked to share my views on automation I’ve had a surprising shift in my thinking. In my day job, I am responsible for our operational efficiency program which includes all things automation (RPA...

The Inevitable Adoption of AI for Insurance Operations
Insuranceciooutlook >> news

Walk up to a Google Home pod and say, “Hey Google, play some jazz music.” And it will pick a song from some of the top jazz playlists available. The device recognizes a user’s voice, translates speech into texts, and then into...

Insurance Analytics - Barriers to Exploitation
Insuranceciooutlook >> cioviewpoint

Douglas Duncan, CIO, Columbia Insurance Group

Insurance analytics, and in fact all business analytics, is about turning information into money. Monetization. How effective is this, and what are the barriers? Most companies are actively trying to improve this capability. According to a...

Legacy Modernization in the Age of InsurTech
Insuranceciooutlook >> cioviewpoint

Brahm Sharma, CIO, Aon

There is a lot of excitement around InsurTech. According to CB Insights, the number of funding deals in InsurTech increased from 91 in 2014 to 173 in 2016. Investment in Q3 of 2017 was 35 percent higher than in Q3 of 2016. This high level of...

The Transformative Impact of Information Technology on Insurance
Insuranceciooutlook >> cioviewpoint

Mary Kotch, EVP & Global CIO, Validus Reinsurance

The global insurance marketplace will be undergoing a radical reformation in the coming decade which represents a meaningful opportunity for marketplace visionaries. Thus, the management teams at global insurers and reinsurers can no longer...

Changing Insurance with Next-Generation Technology
Insuranceciooutlook >> news

The proliferation of big data in the insurance industry has transformed the dynamics of formulating policies that would help businesses prosper. Actuarial calculations are being done by analyzing the data sources--making them more accurate and...

A Peek into the Future of the Insurance Status-quo
Insuranceciooutlook >> cioviewpoint

Eugene Vatnik, CIO, Rockingham Group Insurance

The skyrocketing rate at which technology continues to make innovative advances is alarming. Let us take a look at Artificial Intelligence (AI), which has evolved profusely over the last decade. This is evidenced by the different forms of AI...

How IT Transformation is Enabling Nationwide's Digitization
Insuranceciooutlook >> cioviewpoint

Michael Carrel, SVP-IT & CIO, Enterprise Applications, Nationwide

There is a digital revolution in progress and businesses everywhere are undergoing a transformation in response. Our business requires new capabilities from IT to serve our customers who deserve services delivered cohesively and swiftly....

Volume-To-Value: The Analytics Promise
Insuranceciooutlook >> cxoinsights

Ursula Cottone, Chief Data Officer, Citizens Bank [NYSE:CFG]

The use of analytics in banking and finance is a hot topic of discussion today. There have been numerous conferences with audiences growing every day. Analytics in banking is clearly not just a matter of interest for chief data officers, because...

Compete or Partner: Banks See Rise of FinTech Solutions
Insuranceciooutlook >> cxoinsights

Christopher Kennedy, VP, Quantitative Finance Manager, BankUnited [NYSE:BKU]

FinTech—or simply financial technology—is moving at the speed of innovation. FinTech originally represented the shift of traditional brick-and-mortar banking to online and mobile platforms. Now, FinTech embodies a deluge of Silicon...

Four Ways How Technology is Transforming Insurance
Insuranceciooutlook >> cxoinsights

Chris Holcombe, VP, Group Claims Technology & Operations, Chubb

One of the key drivers of technological disruption in the current era is the ability to fulfill client expectations by creating a user experience designed to be frictionless, instantaneous, and mobile. And while some might view insurance...

Artificial and Emotional Intelligence: Finding the Perfect Balance for Optimal Claims Outcomes
Insuranceciooutlook >> cxoinsights

Gary Anderberg PhD, SVP-Claims Analytics, Gallagher Bassett Services [NYSE:AJG]

In this day and age, technology plays an essential role in our everyday lives. It wakes us up in the morning. It gets us from point A to point B. It can even order our coffee for us when we’re running late. Without technology, we might...

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