Machine Learning Techniques for Detecting Insurance Claims Fraud

January 13, 2023

Insurance claims fraud is a serious issue that can lead to higher premiums for honest policyholders and financial losses for insurance companies. To combat this problem, insurance companies have turned to machine learning techniques to detect fraudulent claims. In this blog, we will compare several different machine learning techniques and evaluate their effectiveness in detecting […]

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The Impact of Artificial Intelligence on the Future of Insurance

December 29, 2022

AI is being used more and more by insurance companies to enhance underwriting and risk assessment, automate claims processing, and customize insurance products and services.

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Leveraging Blockchain for Insurance: Emerging Use Cases and Benefits

October 11, 2022

Blockchain is considered to be a breakthrough technology as it has the capability to bring huge benefits to businesses across various sectors. In the insurance space, blockchain offers an acceptable standard format for securing contracts, transactions or any other details that can be maintained in the public domain.

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How Telematics Simplify Automobile Insurance for the Industry

July 19, 2022

Technology has introduced new advances to promote personalization and improve consumer experience.
Insurance sector slowly starting to embrace the idea of usage-based auto insurance with the aid of Telematics.

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Insurtech trends: 2021 and beyond

October 26, 2021

Even as the COVID-19 pandemic releases its vice-like grip on the world, insurance has become and continues to be a matter a public discussion. In this new era of actuarial science, it is important to see why IT can be a key in elevating your P&C firm to the next level.

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Unlocking new avenues in the InsurTech world

June 1, 2020

The demand for InsurTech services has skyrocketed with the surge in COVID-19 cases. Artificial Intelligence, Predictive Analytics, IoT, Chatbots, Telemetry are some of the new avenues InsurTech players need to focus on going forward, to ensure they stay on top of their game in an ever-evolving playing field.

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