📊 Unlock the Future of Insurance 🚀 In today's evolving insurance landscape, rising claims severity is a significant challenge. But there's a solution: predictive analytics. 🔍 Why It's Important: Predictive analytics helps insurers manage increasing claims costs by anticipating trends and improving risk management. It's a game-changer for operational efficiency and customer service. 📈 Key Insights: ✅ Higher Claims Costs: Insurers are facing more severe claims. ✅ Proactive Risk Management: Advanced analytics predict and mitigate these rising costs. ✅ Operational Efficiency: Streamlined processes and better resource allocation. 🌐 Stay Ahead: Don't let rising claims catch you off guard. Integrate predictive analytics into your operations and transform your business. Embrace technology for a more efficient and effective insurance process. 💬 Join the Conversation: How is your company leveraging predictive analytics? Share your thoughts and experiences below! #Insurance #Insurtech #PredictiveAnalytics #RiskManagement #Innovation Source: Carrier Management | https://lnkd.in/eYHnXMfU P.S. Join insurtech enthusiasts and industry leaders who are staying ahead with the latest insights and innovations. Don't miss out—subscribe to the InsurTechX newsletter today! ----->> https://lnkd.in/et5iWYSJ
Zachary Parris, AIC, AINS’ Post
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“The future of micro-insurance will be very much Embedded Insurance 2.0 driven, as platforms collect more behavioral data and underwriters trust the data sets.” - Phil Hobson, Head of International Affinity, and Ramitha Soysa, Senior Vice President at Marsh. From our recent report, 𝗘𝗺𝗯𝗲𝗱𝗱𝗶𝗻𝗴 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝗻 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺𝘀 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁𝗽𝗹𝗮𝗰𝗲𝘀: 𝗔 𝗖𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀, in collaboration with Marsh and Sure. Explores the growing importance of embedded insurance in the digital economy here: https://lnkd.in/eJQj8uhW It delves into how platforms and marketplaces can leverage innovative insurance solutions to mitigate risks, enhance customer trust, and fuel business growth. With case studies, market insights, and real-world examples, this report offers a strategic roadmap for businesses looking to capitalize on the emerging opportunities in the platform economy. #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech
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We helped Convex Insurance implement its #data strategy, by partnering with them on: 💡A data spine that exposes related insights 💡A visualisation tool that shows relationships across their data. Watch our case study to learn more. https://okt.to/SdU3vg #insurance #technology
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The insurance industry is still a long way from realising the full potential that technology can bring, so how do we get to the true endgame - through technological evolution, revolution or a bit of both? Find out here ➡️ https://lnkd.in/eB_EZztB On 4th June, InsTech is back in New York for our half-day event "2024: An Insurance Odyssey – the Voyage from Evolution to Revolution". Robin Merttens will be joined by Aon's CEO Andy Marcell to discuss: ➡ The importance of having high-quality data and risk insights to help clients solve their most difficult problems. ➡ How new technologies are creating opportunities for market participants to come together for clients to improve and use data in different and better ways. ➡ Aon's view on a future where high-quality data is exchanged seamlessly from insured clients to capital markets enabling a single view of risk.
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Forrester's latest research into #emergingtechnology shows #Insurance leaders where they can expect business value now and which technologies should be added to the roadmap. In addition, we share insights from 40 structured interviews that provide additional depth on business value, technology risks, and the payback horizon for each of the nine technologies. A teaser of the research is below! #Insurtech #insurance #CTOs #CIOs #Emergingtech #GenAI Ellen Carney
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Despite all of the talk of #digital and #data, too much insurance strategy is still constrained by thinking underpinned by moving paper around. We need to be more willing to start with a clean sheet (yeah, I know) and tear up the old rule book. I’m done with the paper analogies now. Short but sweet discussion with Charlie King of InsurTech Digital on the topic. I’m curious as to where people are seeing examples of different thinking where we are going beyond just digitising proposal forms and claims reports. https://lnkd.in/ecRfDWrA
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If you haven't taken the time to see what we do here at Roots, here is a quick peek. Take a look and let me know when you want to see a full demo! #rootsautomation #makeworkmorehuman #ai #digitalcoworker #thefutureisnow
The best solution to insurance’s unstructured document challenges starts with systems designed by insurance experts for insurance experts. In the clip below from the latest Roots Webinar, “Unlocking Value with AI-Powered Underwriting,” Roots Automation Co-founder & CTO, John Cottongim, demonstrates what such an Insurance Document AI solution looks like in action, and how these systems can yield significantly more information – and value – from unstructured data. View this informative session in its entirety on-demand for use cases and expert insights from industry insiders, Jennifer Krawec, Head of Global Risk Solutions Incubation at Liberty Mutual Insurance and Sean O'Neill, Senior Partner at Bain & Company. Click to learn more: https://lnkd.in/gvBa7Y3p #InsuranceDocumentAI #Underwriting #Insurance #Insurtech #AIForInsurance
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Elevate your insurance risk and compliance strategy with Predict360's AI-powered platform. Leverage automated monitoring, comprehensive reporting, and team collaboration tools to streamline insurance risk and compliance processes. Learn more: https://hubs.ly/Q02-m9lp0 #InsuranceTech #AIInInsurance #InsurTechInnovation
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Interested in the full picture? Explore our full survey report to uncover more insights and solutions: https://ow.ly/EoXn50SKaMX Our 2024 P&C insurance Advanced Analytics survey revealed key challenges in adopting advanced analytics: - 30% lack expertise, tools, and resources - IT bottlenecks and infrastructure issues - 50% struggle integrating analytics with business expertise Addressing these challenges is crucial for leveraging the full potential of advanced analytics. #AITech #AdvancedAnalytics #MachineLearning #Insurance #FutureOfInsurance
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Insurers, how do you decide what truly matters in today’s dynamic market? With over 20 years of insurance expertise and insights from industry leaders, we’ve identified three critical challenges: 🔹 Evolving customer expectations 🔹 Marketplace convergence 🔹 Complex technology choices Dive into the full report to uncover actionable insights that keep you ahead of the curve: https://okt.to/ly51P8 #insuranceinsight #insurtech #insurance
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Interested in the full picture? Explore our full survey report to uncover more insights and solutions: https://ow.ly/xTXZ50SK9Qi Our 2024 P&C insurance Advanced Analytics survey revealed key challenges in adopting advanced analytics: - 30% lack expertise, tools, and resources - IT bottlenecks and infrastructure issues - 50% struggle integrating analytics with business expertise Addressing these challenges is crucial for leveraging the full potential of advanced analytics. #AITech #AdvancedAnalytics #MachineLearning #Insurance #FutureOfInsurance
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