Tom Berntsen’s Post

The insurance industry is rapidly adopting GenAI technology, moving from proof-of-concept to full-scale implementation. Carriers are gearing up to integrate GenAI capabilities across their organizations. To ensure a successful and responsible scaling of GenAI, insurers need to establish a clear vision and build essential foundations. Explore more about this report here: https://lnkd.in/eumEBN4c #InsuranceIndustry #GenAI #Technology #Innovation #Jaspaul Saini #Celent

Discover the leading Top 10 InsurTech platforms reshaping the InsurTech industry! Highlighting the Top 10 insurtech platforms that are revolutionising the insurance industry through innovative technology and customer-centric solutions. Amid rapid digital transformation across all industries, insurtech platforms are reshaping the way consumers and businesses engage with insurance products and services. As the industry embraces digital transformation, we highlight the top insurtech leaders which are emerging as key players! Including: Clearcover, Oscar Health, Lemonade and more! Swipe to find out what other platforms made the Top 10! #InsurTech #Tech #AI

Next week, our Group Chief Technology Officer David Lynch (林大卫) will be exploring the wide-ranging impact of AI on the future of insurance across two sessions at ITC Asia 2024 in Singapore:   1️⃣ "Beyond the Hype: Practical AI and Machine Learning Applications in Insurance" (5 June) - in this panel session, David will take a closer look at how industry players across the insurance value chain can tap on AI to drive new revenue streams, improve decision making and enrich customer experiences. He will also discuss how bolttech is embedding AI-centric solutions into both traditional and new distribution channels - as the industry moves towards a broader concept of protection, offering predictive and preventative protection for customers. 🚀   2️⃣ "Navigating the Generative AI Revolution: Unlocking Value in Insurance" (6 June) - catch David's insights on the potential for the latest GenAI advances to unlock measurable and tangible benefits such as enhanced operational efficiency, streamlined processes, and improved customer satisfaction in use cases such as claims processing. 🤖   If you happen to be at ITC Asia, don't miss these two sessions and visit our event booth (#217) for a chat! https://lnkd.in/eTNd6bhy   InsureTech Connect, Sourabh Chitrachar, Lauren Liang, Sharon Teo, John Spence, Aloysius Lim, Kalai Natarajan, Gilbert Leung, Philip Weiner, Mark Simmons, Yen Yen Koh, Ashley Mullins, Saibal B., Jason Cen, Gaya Kumarasamy, Kate Geraghty, Janelle Goh   #thepowerofconnection #insurtech #insurance #embeddedinsurance #AI

Discover the Top 10 InsurTech platforms revolutionizing the insurance industry! From AI-driven solutions to seamless customer experiences, these InsurTech innovators are transforming the way we engage with insurance. 🌟 Featured: Clearcover, Oscar Health , Lemonade, and more! Stay ahead of the curve in a fast-evolving industry. Curious to see who made the cut? Swipe to unveil the full list! #InsurTech #AI #DigitalTransformation

If you want to revolutionize insurance underwriting, you've got to harness the power of GenAI. Here's how: 📌 GenAI analyzes vast datasets and creates synthetic data, leading to precise evaluations and a deeper understanding of complex patterns. 📌 It enables insurers to customize policies, boosting customer satisfaction, driving competitiveness, and fostering long-term loyalty. 📌 By automating tasks and speeding up decision-making, GenAI creates a more agile and responsive underwriting landscape. Adaptability is necessary, but collaboration and innovation are essential to unlocking GenAI's full benefits for insurers and customers. Want to improve your underwriting efficiency and precision? Give GenAI a shot. Read more in David Schapiro’s article: https://lnkd.in/e99-ez2v #GenAI #Insurance #InsurTech

The insurance sector is on the brink of a major transformation, and AI is the catalyst driving this change. With Monocept’s AI and ML-driven solutions, insurers can fully embrace digital transformation, allowing them to optimize operations, personalize customer experiences, and deliver data-driven decisions that foster growth and innovation. By focusing on enterprise architecture assessment, cloud-native applications, and high-performance, transaction-oriented systems, Monocept’s digital transformation services ensure that insurers are not only future-proofed but also positioned to lead in a competitive market. The insurance industry is moving toward a digital-first future, and Monocept is helping drive that change with AI-enabled solutions that prioritize efficiency, innovation, and customer-centricity. Our digital transformation services offer insurers the technology and tools they need to stay ahead of the curve, reduce operational inefficiencies, and create more personalized, impactful experiences for their customers. With Monocept as your partner in digital transformation, the future of insurance is not only attainable—it's AI-powered and built to last. #DigitalTransformation #AIInInsurance #AIFirst #Monocept #InsurTech #PredictiveAnalytics #CloudTransformation #Automation

What #HealthTech trends are driving the insurance sector? Adrit Raha, our Managing Director, APAC, shares insights in a recent interview taken at Insurtech Insights: 🔹 A significant shift towards platform technology to support key business objectives. 🔹 Harnessing and leveraging data to drive value for health insurers. 🔹 Generative AI cannot be ignored. It is already revolutionizing the banking sector, and insurance is next in line. Watch the full interview below to dive deeper into these trends and discover what exciting developments are on the horizon for CoverGo | Insurtech. #saas #insurtech #insurance #insurtechinsights #insuretech #insurancetechnology #apac #AI #generativeai #video #tech

🚀 Don't miss this insightful discussion led by industry experts!  The future of insurance is here, driven by technology! Dive into the latest innovations shaping the InsurTech landscape in 2024.🚀 #RegisterNow https://lnkd.in/dK4MkmRR Our Expert Panel will discuss: - How InsurTech revolutionizes the insurance value chain. - The game-changing impact of AI and advanced analytics in underwriting and customer engagement. - The role of InsurTech startups in personalizing insurance products and processes. - Insights into regulatory challenges and opportunities. - Emerging technologies and market trends shaping the future of InsurTech.    Reserve your virtual seat now! See you there!   #RegisterNow #JoinTheConversation #Welcome #VirtualEvent #InsurTech #AI #Technology #Insurance #Innovation #Underwriting #ClaimsManagement #ProductDevelopment #CustomerExperience #RegulatoryCompliance #DataAnalytics #IndustryResearch #InsuranceIndustry #BeExecutiveEvents #Event #ExclusiveEvent #PeerToPeer #Networking #BusinessTrends #TechnologyTrends #Trends2024

𝐐𝐮𝐢𝐜𝐤 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐮𝐫𝐭𝐞𝐜𝐡 Insurtech is setting a new standard for customer service in the insurance industry. By integrating advanced technologies like AI and automation, insurance companies are delivering faster and more efficient support to their customers.  Here’s how Insurtech is making a difference: 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐂𝐥𝐚𝐢𝐦 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠: AI-driven systems are revolutionizing the claims process, accelerating approvals, and minimizing wait times. This not only speeds up resolutions but also enhances overall customer satisfaction. 𝟐𝟒/𝟕 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: Automated customer service platforms are available around the clock, ensuring that policyholders receive assistance whenever they need it, without delays. 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐨𝐧𝐬: By leveraging real-time data, Insurtech enables more tailored and relevant customer interactions, addressing specific needs and providing more accurate information. The impact of these innovations is profound, creating a more seamless and responsive customer experience. What improvements have you seen in customer service through Insurtech? Share your thoughts and experiences below #Insurtech #CustomerService #Insurance #AI #TechInnovation 

Curious about how #AI is transforming insurance distribution? 🤖 Watch the video of the first part of our recent panel at ITC Asia (InsureTech Connect Asia) 2024 on “Next Gen: AI-Enabled Distribution,” where our Founder & CEO, Tomas Holub, led a discussion with industry experts Yannick Even from The Digital Insurer and Louis Lee from FWD Insurance. 💡 Here are the key takeaways on the opportunities of using Gen AI in insurance distribution from the first part of their talk: 1. Automation for agents: AI tools can automate administrative tasks, allowing sales agents to focus on strategic, customer-facing activities. 2. Support across the sales journey: Dedicated Gen-AI tools can guide agents through the sales process, from sales preparation, to real-time advice, and closing deals. 3. A personalized way to engage with customers: AI can personalize communications and sales scripts to individual customer profiles, enhancing agent productivity and the overall customer experience. 4. Reducing drop-off rates online: The panelists agreed that AI has immense potential to reduce funnel drop-off rates in online channels by providing more contextual and intelligent responses, leading to higher conversion rates. 5. Strategic leveraging of AI: The discussion underscored that insurers who strategically leverage AI will be best positioned to enhance both sales efficiencies and the customer journey. Stay tuned for more insights from CoverGo | Insurtech! Want to up your distribution game? Discover how our next-gen platform for omnichannel distribution can make your process smarter and more efficient: https://lnkd.in/d88dDPP8 #insurance #AI #distribution #CoverGo #nocode #insuranceai #artificialintelligence #insurtech #insuretech #insurancetech #insurancetechnology #ITCAsia