Plnar’s Post

AI won't steal your business, but your competitor using AI will. In the ever-competitive landscape of the insurance industry, leveraging data is not just an option; it’s a necessity. At eData, we provide essential vehicle data solutions that empower insurance companies in the MENA region. Our underwriting products offer comprehensive vehicle data, including specifications, pricing, historical accident records, VIN decoding, and seamless API integrations. We also offer advanced claims management solutions that streamline processes with innovative features. With our tools, over 50 international insurers have successfully reduced their loss ratios by 2-6%. Our vision is clear: to lead the data solutions landscape across various industries in the Middle East and beyond. We are committed to enhancing decision-making and driving profitability for all stakeholders. Have you considered how data can transform your business operations? What challenges do you face in managing vehicle claims or underwriting processes? Let’s connect and explore how we can revolutionise your approach to data. 👉 Contact us today for tailored solutions, and visit our website for more information: https://www.edata.digital/ #Insurance #DataSolutions #AI #ClaimsManagement #Underwriting #MENA #Automotive #eData #Innovation

If your strategy for 2025 includes building or buying AI, how are you sure that these investments will be successful? Will they meet NAIC modeling regulations? What will these results mean for future investments in AI?  I know a lot of my network is going to ITC Vegas 🤗 ...so, if you're looking for answers to these questions, stop by Booth #3160 or schedule some time with me in the app! We are going to be there because our software has enabled transparent and explainable AI for other carriers and insurance leaders, and we want to make this possible across the industry. We also have a couple other opportunities to meet and learn: Monitaur Demo! Oct 16th, 1:30PT on the Expo Stage https://lnkd.in/gntcAcJ9 Building the Future: Responsible AI and GenAI in Property Insurance (Property Track) Breakout Session Oct 17th, 11:10PT https://lnkd.in/gwFTaEVb Little preview of Monitaur's expertise: https://lnkd.in/gjVb5Sar

𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐮𝐫𝐭𝐞𝐜𝐡 Insurtech is at the forefront of transforming the insurance industry, leveraging cutting-edge technologies to make processes faster, smarter, and more efficient. With advancements in AI and machine learning, the future of insurance is here, and it’s exciting. Here’s a closer look at how Insurtech is reshaping the industry: 𝐅𝐚𝐬𝐭𝐞𝐫 𝐂𝐥𝐚𝐢𝐦𝐬 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠: AI is streamlining the claims process, significantly speeding up approvals and reducing the time policyholders have to wait. This means quicker resolutions and enhanced customer satisfaction. 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐏𝐨𝐥𝐢𝐜𝐢𝐞𝐬: By harnessing real-time data, Insurtech allows for more tailored insurance policies that fit individual needs and preferences. This personalized approach ensures that coverage is more relevant and effective. 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐑𝐢𝐬𝐤 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬: Advanced analytics are revolutionizing risk assessment by providing more accurate predictions and insights. This leads to better risk management and more informed decision-making. Insurtech is not just about technology; it’s about creating a better experience for both insurers and their customers. What Insurtech trends are you most excited about? Let’s discuss how these innovations are impacting the industry and shaping the future of insurance.  #Insurtech #Insurance #TechInnovation #AI #FutureOfInsurance 

How Can GenAI Revolutionize the Future of Insurance Underwriting? Here's what GenAI can do in insurance: 📌 Enhanced Risk Assessment: GenAI analyzes vast datasets and creates synthetic data, improving risk evaluations and policy customization. 📌 Personalized Policies: Tailor policies with AI-powered tools, boosting customer satisfaction and competitiveness. 📌 Increased Efficiency: Automate tasks and speed up decisions, reducing costs and improving accuracy. Adaptability is necessary, but collaboration and innovation are essential to unlocking GenAI's full benefits for insurers and customers. Investing in modernizing legacy IT systems and fostering a culture that embraces technological advancements is crucial for successful integration. Want to improve your underwriting efficiency and precision? Read more in David Schapiro's article "The Transformative Potential of Generative AI in Insurance Underwriting" 👇 https://lnkd.in/e99-ez2v #GenerativeAI #AI #Underwriting #Insurance #Innovation #InsurTech

Planck shares a fantastic overview of how GenAI can reshape the insurance industry. A big improvement in the insurance industry is the potential to improve risk assessments and customize insurance policies to fit individual needs. This can change how insurance products are made and offered to customers. Will GenAI complement the expertise of human underwriters or significantly change their responsibilities? Dive into David Schapiro's article for more insights! 🚀 #FutureOfInsurance #AIInnovation

MediMe AI: Transforming messy insurance data into sales, retention, and service excellence. Unstructured data can be a massive hurdle. MediMe AI turns that challenge into an opportunity by converting messy data into organized insights, leading to increased sales, better customer retention, and significant cost savings through faster and more accurate customer service. MediMe's AI-based platform is built for insurance companies, brokers, and agents, delivering unmatched speed and precision. The intuitive interface makes it easy for agents and representatives to navigate their customers' policy data and optimize their insurance needs. With MediBot AI, we take customer interaction to the next level. It answers client queries in real-time about their specific policies and coverages—no human intervention is required. It will also assist customer service teams, transition automated calls to live agents when needed, and highlight opportunities for upselling. Boost your sales, retain more clients, and enhance service with MediMe AI. #AI #InsurTech #InsuranceSales #CustomerRetention #CustomerService #DataTransformation #Automation #Innovation #MediMeAI

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

Generative AI (GenAI) is rapidly transforming industries and Australian insurance is poised for significant change. While the potential benefits are undeniable, Appsure advocates for a measured approach that prioritises responsible implementation. Here's how GenAI could revolutionise Australian insurance: 1️⃣ Streamlined Workflows: Automating data entry, document processing and report generation can significantly improve efficiency. 2️⃣ Personalised Customer Experiences: GenAI could create tailored insurance options and enhance claims handling for individual needs. 3️⃣ Data-Driven Decision Making: AI-powered insights can inform risk assessments and product development, leading to more accurate pricing and coverage. Appsure is at the forefront of exploring GenAI's responsible integration into Australian insurance. We offer solutions that leverage AI responsibly while maintaining human oversight and ethical considerations. #Appsure #InsurTech #GenAI #InsuranceTechnology #AustralianInsurance

In the ever-evolving world of insurtech, AI isn’t just a buzzword anymore – it’s becoming an integral part of what we do 💫 In a recent article from Information Age, our CEO & Co-founder Quentin Colmant and other industry leaders shared their perspective on how AI is transforming the insurtech sector. 🤖 Efficient processes: AI isn't just about automation. It's about refining specific insurance processes like underwriting and claims management to make them more efficient and accurate. 🤝 Human-AI collaboration: Rather than replacing humans, AI will work with us – augmenting our skills and allowing for a more personalised customer experience. 🔍 Customer-centricity: AI's ability to analyse vast amounts of data means that we can better understand customer needs and continue to create more tailored and responsive insurance products. For an in-depth look at AI's influence on insurtech, check out the full article 👉 https://lnkd.in/dJT4hHx4 #GenAI #Insurtech #AIclaims #InsuranceAI #InsuranceIndustry

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐮𝐫𝐭𝐞𝐜𝐡 Insurtech is transforming how insurance coverage is tailored to individual needs. By leveraging advanced technologies like AI and data analytics, insurers are offering more personalized and relevant coverage options.  𝐇𝐞𝐫𝐞’𝐬 𝐡𝐨𝐰 𝐈𝐧𝐬𝐮𝐫𝐭𝐞𝐜𝐡 𝐢𝐬 𝐞𝐧𝐡𝐚𝐧𝐜𝐢𝐧𝐠 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐜𝐨𝐯𝐞𝐫𝐚𝐠𝐞:   𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐃𝐚𝐭𝐚 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: Insurtech solutions analyze real-time data to create insurance policies that are finely tuned to the unique needs of each policyholder. This ensures that coverage is relevant and effective. 𝐃𝐲𝐧𝐚𝐦𝐢𝐜 𝐏𝐨𝐥𝐢𝐜𝐲 𝐀𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭𝐬: AI algorithms continuously monitor and adjust coverage based on changing circumstances, providing up-to-date protection without the need for frequent manual updates. 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐑𝐢𝐬𝐤 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭: Advanced analytics improve risk evaluation, allowing insurers to offer more precise and personalized coverage options based on individual risk profiles. Customized coverage through Insurtech not only enhances the customer experience but also improves the accuracy of risk management. How is your organization leveraging Insurtech to provide more tailored coverage? Let’s discuss!  #Insurtech #Insurance #PersonalizedCoverage #AI #TechInnovation