SCOR Digital Solutions’ Post

🔍 Our blend of named-entity recognition and conceptual-entity extraction ensures the precise retrieval of insurance data, empowering insurers with actionable insights. Explore how PolicyGPT delivers advanced capabilities. Ready to leverage advanced techniques? Dive into www.PolicyGPT.ai  now! 📈   #AdvancedTechniques #PolicyGPT #Insights

🚀 Demonstrating the power of our latest DocAI Claims Agent at Reuters Connected Claims Nov 12-13. Imagine an AI that doesn’t just read your documents but understands them, cross-checking claims against policies with the reasoning of a true expert. Faster decisions, sharper insights, and fewer headaches – that's the future of insurance claims! Swing by Booth 114. #ReutersConnectedClaims #InsuranceAI #AIClaims

Come see us in Austin, learn about #idp #GenAi #adp #autonomousagents AI reasoning and empowering knowledge workers to become more important in their ecosphere.

Our CEO, James Tait, together with Head of Asia Pacific, Paul Hughes, were interviewed recently at InsureTech Connect Asia 2024!     In this interview, they discussed the growing importance of data and AI, highlighted markets with the most growth potential, and shared how industry stakeholders can prepare for upcoming advancements in the insurance ecosystem.    Watch the interview to gain more insights and learn how our Decision Platform is empowering insurers to realise the future of underwriting! #ITCAsia #UnderwriteMe #futureofunderwriting

💻In the first of a series of four articles, Patrick Greene, VP of Data at Munich Re Automation Solutions, discusses the common challenges that face insurance underwriters in the AI space. https://ow.ly/fCUy30sEP3S This section, on challenges with data resonated with what I’ve seen the past several years. “The main challenge in relation to data is silos. For the underwriter at application phase, we have point-of-sale systems, auto-underwriting systems, policy management systems and claims systems. We do not have systems that manage the whole lifecycle of the policy so typically all these systems have siloed data. They are using different IDs, different tokens and different data formats and it’s often not easy to access the data. This means underwriters are not able to view the entire lifecycle data. This is a huge challenge for organizations as a business process, but it also provides challenges in being able to train those data models for predictive purposes.” #Underwriting #ArtificalIntelligence #Insurtech #LifeInsurance

Leveraging #GenAI models, SCOR L&H has developed a GenAI-powered underwriting and claims assistant delivering increased efficiency and driving better decision-making by providing faster access to enriched information for clients. The solution makes it possible to extract and summarise information from scanned and electronic medical reports, saving time and improving efficiency. It will soon be made available to clients. Learn more about how SCOR is harnessing the potential of #GenAI to improve underwriting and claims processes: https://lnkd.in/etGAVJ3A

The world of underwriting has come a long way. Remember the days when risk assessments were made with hand-written notes and gut instincts? 📝 Now, we’ve entered a new era where data, algorithms, and cutting-edge technology lead the way. The advanced algorithms and data-driven insights of the s.360 allow you to assess risks more accurately than ever before. This means better policies, faster approvals, and enhanced security for our clients. That's the underwriting revolution! 🚀 #Underwriting #Innovation #LifeInsurance #DataDriven #Insurtech

As the insurance industry faces a knowledge and skills gap, it's crucial to find ways to augment reasoning and judgment activities during the claims lifecycle. This can make a significant difference in: • Calculating accurate reserves • Segregating claims based on risks • Ensuring consistency in settlement values For example, a predictive analytics engine can forecast litigation up to 90-120 days in advance with approximately 85% accuracy, starting at the First Notice of Loss (FNOL). Stay ahead of the curve and make informed decisions with the power of AI. #Reserves #Claims #Litigation #FNOL #CharleeAi

During the last week of August, Vision delivered over 9,000 appetite matched case recommendations to our insurer partners! 🎯  This is a powerful example of how data-driven decision-making is transforming the way we work. Vision not only enhances pipeline efficiency but also strengthens relationships between our broker and insurer partners.🚀 For those insurer partners already benefitting from the recently launched Propensity Lens within Vision, recommendations are further prioritised by AI-enabled processes, historical analysis and machine learning, empowering our partners to win more business and achieve greater efficiency. To learn more about Propensity Lens, contact your Broker Insights account manager or get in touch via our website: https://lnkd.in/eDrKDa2n #DataInsights #CommercialInsurance #InsurTech

Zala Insurtech News: Verisk, a prominent global data analytics and technology provider, has introduced a groundbreaking advancement in global catastrophe modeling and risk analysis with the debut of Verisk's Next Generation Models (NGM). The post Verisk Launches Next Generation Models Transforming Catastrophe Risk Assessment appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech