Artificial intelligence (AI) is shaping up to become a transformative tool in the UK insurance sector, new research has shown, with brokers increasingly adopting the technology into their workflow. Findings from a recent study by RSA Insurance indicated a positive…
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Cytora Announces Integration With CAPE Analytics
The digital risk processing platform Cytora has today unveiled its integration with AI-powered property insights provider CAPE Analytics. Under the terms of the integration, CAPE’s commercial property data APIs will be accessible on the Cytora platform, bolstering insurers’ ability to…
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AI Impact To Take Longer Than ‘Breathless Rhetoric’ Suggests – Chubb CEO
In a recent earnings call, Chubb chairman and CEO Evan Greenberg shared how the insurance company is looking to artificial intelligence (AI) and stated that, despite “breathless rhetoric”, the emerging technology will take time to have an impact. Chubb has…
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Tractable Secures $65m In Series E To Revolutionize InsurTech With AI
London-based insurance technology (InsurTech) start-up Tractable has raised $65 million in a Series E funding round to spearhead its mission of revolutionizing the insurance industry with artificial intelligence (AI). The investment round was led by Insight Partners a leading global…
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Prudential And Nayya Signs A Strategic Partnership To Boost AI
Prudential and Nayya have formed a strategic partnership to enhance the benefits decision-making process using artificial intelligence (AI) technology. The collaboration aims to provide employees with personalized recommendations and simplify the complex world of employee benefits. Prudential a leading financial…
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InsurTech Pioneer Sixfold Emerges With $6.5m Seed Funding, Revolutionising AI In Insurance
Things To Know About Sixfold The privately held company founded in 2023 is the first generative AI designed to solve toughest hurdles 9f insurance industry by underwriting task and automating work. The company is headquartered in New York. Currently, the…
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Munich Re Discloses Next-Gen AI-Powered Underwriting Solution
Reinsuring giant Munich Re has unveiled a next-generation AI-augmented underwriting solution, powered by the firm’s Automation Solutions’ new Predictor tech platform. Utilizing the AI underwriting solution addresses several key challenges in today’s market, including convenience, time, and intrusiveness. The platform…
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How FRISS uses data and AI to detect insurance fraud
We take a look at how FRISS uses AI and how the company is focused on automated fraud and risk detection for P&C insurance companies worldwide FRISS was founded in 2006 with the goal of making insurance more honest by…
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CoverEase introduces AI platform to automate underwriting
With CoverEase’s AI platform businesses can shop the insurance marketplace to receive instant quotes from top-rates insurance companies within 3 minutes CoverEase, a digital insurance brokerage, has created a new digital platform that uses artificial intelligence (AI) to automate underwriting…
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Observe.AI launches Selective Redaction for sensitive data
Observe.AI, a platform that puts AI into customer conversations, launches an AI-powered solution for selectively redacting sensitive customer information Observe is a provider of artificial intelligence (AI) solutions for contact centres. An AI-powered solution for selectively redacting Personal Identifiable Information…
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