Anusha Sharma
Written by Anusha Sharma
How Insurers Can Reduce Operational Costs by 40% with AI-Driven Underwriting
Insurers worldwide are facing increased cost pressures. To cope with the workload, almost 65% of commercial insurers have already adopted artificial intelligence (AI) into…
Intelligent Document Processing, Automate Insurance Document Intake
In insurance, correspondence is key. Insurers handle countless emails, attachments, notes, images, and policy contracts exchanged with customers daily. These documents must be thoroughly…
EDI Outsourcing: What Is EDI Outsourcing, and Why Do Businesses Need It?
Today’s digital-first business world requires organizations to send thousands of documents every month to their partners, vendors, insurers, and retailers. Paper-based processing delays business…
How AI Underwriting is Changing the Insurance Value Chain?
AI underwriting is the use of machine learning, natural language processing, computer vision, and automated decision engines to evaluate risk and approve insurance applications…
How AI Helps Underwriters Handle High-Volume Policy Applications in Insurance?
Digitization and the evolving needs of customers are revolutionizing the insurance industry. Due to the emergence of online distribution platforms, mobile apps, and aggregator…
Why 70% of Insurers Are Shifting to AI-Based Underwriting: Market Data & Trends
The traditional process of underwriting is no longer viable due to increasing customer expectations, regulatory strictness, and demand for cost-saving work methods. AI adoption…
AI vs Traditional Underwriting: Speed, Accuracy, Cost & Efficiency Comparison
Underwriting is one of the most vital operations in the insurance sector. It is essentially dependent on the underwriter’s ability to assess the risk…
Why is Legacy Modernization Essential in the Insurance Industry?
Did you know – As much as 74% of insurers still rely on legacy systems or old tech to complete core insurance tasks. And,…
InsurTech Ecosystem: The Future of Digital Insurance Innovation
The current digital landscape involving AI, IoT, blockchain, data analytics, and cloud computing is impacting the InsurTech ecosystem by automating its business operations and…
Artificial Intelligence in Architecture: 10 Use Cases, Key Technologies, and Real-World Examples
The topic of artificial intelligence in architecture is also changing the manner in which buildings are designed, built, and managed at a very high…