Indico Data

This Thanksgiving, we’re incredibly thankful for our amazing customers, partners, and team who inspire us every day. Together, we’ve achieved smarter decisions and transformed insights. Wishing you a joyful holiday filled with gratitude! 🍂 #HappyThanksgiving #Thankful

In our recent podcast with Bill Costa, former executive at GEICO, we explored how transparency can help build trust between insurers, regulators, and consumers when it comes to the use of AI. One point that stood out is how important it is for consumers to understand how their data is collected and used. Sharing this openly could reduce friction with regulators and lead to smoother adoption of AI across the industry. By being more transparent about the purpose and interpretation of data, insurers can create a decisioning process that everyone feels confident in. 😊 Let's continue to move forward with clarity and responsibility when it comes to AI in insurance. https://lnkd.in/gSUY7_-h #AI #InsuranceIntake #UnstructuredUnlocked

We recently had a chat with Rick Russell, retired VP of underwriting for Chubb and underwriting director at Nationwide, about the transformation in underwriting over the years, in season 2 episode 11 of Unstructured Unlocked. Now, with access to centralized databases and AI-driven decisioning, underwriters can ensure they are always using the correct and most up-to-date information. The days of relying on paper manuals are behind us, and having this data at their fingertips helps make the process faster and more efficient. Catch more in the full episode here: https://lnkd.in/dRCAcBAu #AI #InsuranceClaims #DigitalTransformation

AI is revolutionizing the insurance industry—not just by improving efficiency, but by enabling smarter decision-making, addressing key challenges, and preparing insurers for the future. Chapter 4 of 𝘛𝘩𝘦 𝘋𝘦𝘤𝘪𝘴𝘪𝘰𝘯 𝘌𝘳𝘢 𝘦𝘉𝘰𝘰𝘬 explores how enterprise AI is driving these transformative changes. Here’s a glimpse of what’s covered in the eBook: 🔹 Proactive fraud detection: enterprise AI shifts fraud prevention from reactive to proactive, identifying red flags in real time and ensuring legitimate claims are processed faster. 🔹 Ethical AI builds trust: transparent and fair decision-making, combined with compliance with data privacy standards, strengthens customer confidence and sets the foundation for long-term success. 🔹 Bridging talent gaps: AI supports knowledge transfer, helping the next generation of insurance professionals adapt to a rapidly changing landscape. AI isn’t just a tool for efficiency—it’s a way for insurers to make better decisions and create a future where innovation and trust go hand in hand. Discover how AI is shaping the future of insurance in The Decision Era eBook. #InsurTech #DigitalTransformation #Underwriting

In a recent conversation with Parul Kaul-Green, CFA on Unstructured Unlocked episode 9, we explored how automation is reshaping the insurance industry.💼 As technology evolves from robotic process automation to document intelligence and now generative AI, businesses are faced with managing these rapid advancements. It’s not just about improving existing tools but understanding entirely new categories of technology. Insurers are trying to balance day-to-day operations with the challenge of implementing and governing these innovations – all while keeping change management in mind. https://lnkd.in/g-jKFdpb #UnstructuredUnlocked #InsurTech #DigitalTransformation

What an exciting season for us at Indico Data! From launching our Clearance and Triage solution at Insurtech Connect Las Vegas to sharing insights at Insurance Innovators London, we’re driving innovation in AI for insurance. We’re thrilled to support Amazon Bedrock, advancing smarter decisions with our hybrid AI solutions. This week at Guidewire Connections in Nashville, we showcased tools like our PolicyCenter accelerator and explored Generative AI strategies in the Cloud Acceleration Bootcamp. We’re just getting started—stay with us as we continue to shape the future of insurance decision-making! 💡 #InsurTech #Underwriting #DigitalTransformation

Underwriters face mounting challenges every day. Between spending 40% of their time on administrative tasks and manually processing endless submissions, most teams can only tackle 20-40% of inbound opportunities. 📉 Add rising competition from digital-first insurers, and it's clear traditional processes aren’t cutting it. To stay competitive, underwriters need tools that eliminate manual tasks, prioritize the best opportunities, and accelerate decisions. Discover how: https://lnkd.in/g4FSATH5 #UnderwritingClearance #InsurTech #UnderwritingTriage

AI is reshaping underwriting in insurance, combining diverse data sources like satellite imagery and economic indicators to create a fuller picture of risk. This helps insurers prioritize high-value risks and adapt quickly to real-time changes, improving both decisions and service. By consolidating data, enterprise AI streamlines workflows, enabling underwriters to make faster, more accurate decisions without juggling multiple systems. It enhances the entire policy lifecycle—from assessing submissions to analyzing claims 📸—making processes more efficient and precise. Most importantly, AI works alongside human expertise, empowering underwriters to focus on complex, high-value decisions while AI handles routine tasks. This collaboration transforms workflows, ensuring insurers stay agile and ready for the future. #InsurTech #Underwriting #DigitalTransformation

AI is transforming insurance by focusing on collaboration and customization. Instead of pushing a one-size-fits-all solution, successful projects invest time upfront, tailoring implementations to each region’s specific needs. By prioritizing scope and driving value, companies avoid long-term challenges like complex upgrade paths. Now, with the rise of generative AI, we're seeing a new wave of innovation, reminiscent of the changes that started a few years ago. 🌐 Chris Payne https://lnkd.in/gAFcjhXg #Underwriting #AI #InsuranceIntake

We’re looking forward to an exciting week at Guidewire Connections 2024 in Nashville! 🎉 Join us in the Agility Showcase Theater for a live demo of our PolicyCenter accelerator and new Clearance and Triage Solution. Or stop by our booth anytime during the event to chat about Indico’s latest innovations. Learn more and schedule a meeting with us. https://lnkd.in/ddtAZ9F5 #GuidewireConnections #InsurTech #Underwriting