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Why Insurance should take back control of the ‘funnel’ with a Lead Management Solution

While every organization manages their ‘sales funnel’ differently, they must all address the arduous task of handling leads competently. In the Insurance business, generating quality leads is proving to be a tough assignment for older agents, as their collective numbers dwindle down —  as more business is being transacted online, creating a complex web of […]

How can Artificial Intelligence settle Insurance Claims in five minutes?

Originally published on medium.com If you’ve ever been in the position of having to file an insurance claim, you would agree that it isn’t the most pleasant experience that you’ve likely ever encountered. In fact, according to J.D. Power’s 2018 Insurance Customer Satisfaction Study, managing time expectations is the key driver of satisfaction — meaning, a prompt claim settlement is […]

Google I/O 2019 Key Takeaways

Innovation in the Open: Google I/O, an annual developer conference organized by the executive team has a similar format to that of  Google Developer Day. I/O 2019, the annual smorgasbord of all things Android, unveiled the long-awaited highlights of Android Q Beta 3, a Wear OS ‘Tiles’ and Pixel 3a impressions. Launch of Pixel 3a […]

Facebook F8 Takeaways – The Future is Private

F8, what was an 8- hour hackathon is now Facebook’s annual 2-day conference for developers, creators and entrepreneurs all around the world. Conducted in McEnergy Convention Center in San Jose, CEO Mark Zuckerberg stressed his vision of building a privacy-focused social platform “as a product”  as he debuted the newest version of the company’s core […]

How chatbots are changing the digital Indian

Chatbots have come a long way – from a hyped technology under the AI umbrella to a direct-to-consumer product, that has incessantly penetrated the tech-enabled services we use today. While the adoption of chatbots is still in its infancy, the proliferation and mushroomed effect it has had so far is remarkable. Most of us, are […]

Intelligent Claims Automation Is Reshaping Malaysia’s Insurance Sector

Malaysia, drawn by its strong economic growth, expanding middle-class income and rising insurance penetration levels, is witnessing a new era of innovation – with AI leading the charge in bringing new and intelligent technologies to the mass-market.   According to Bank Negara, the country’s regulator of banks and insurers, life insurance penetration rate stood at […]

Better dense shape detection in live imagery with RetinaNet

Convolutional neural networks have come a long way in conveniently identifying objects in images and videos. There are many networks like VGG19, ResNet, YOLO, SSD, RCNN, DensepathNet, DualNet, Xception, Inception, PolyNet, MobileNet and many more have evolved over time. They have been used in such practical purposes as detection of availability of space in the […]

TOP 10 INNOVATIVE INSURANCE PRODUCTS OF 2019

  We are witnessing the slow but sure, uberization of insurance. Insurers now more than ever, need big data-driven insights to assess risk, reduce claims, and create value for their customers. The industry is abuzz with a steady influx of new innovative products, deriving value in areas that were previously untapped. Processes like faster KYC […]

Adoption of Chatbots across Insurance

The global chatbot market is expected to reach USD$ 1.25B by 2025, and generate roughly $8B savings globally by 2022 itself. With chatbots disrupting a wide variety of industries already, the technology is becoming more popular in a variety of business use cases – especially within the insurance sector.   Chatbots are becoming more advanced […]

Cognitive Approach VS Digital Approach to Insurance

Digital transformation has gone from talk to action, with a momentum that shows no signs of slowing down. As cognitive capabilities have penetrated process, people, technology, things, augmented intelligence and decision making; the cognitive approach to insurance business is no longer considered a back-office ‘efficiency play’.  A cognitive computing system replicates human intelligence and comes […]

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