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6 Major Use Cases for Advanced Data Analytics in Insurance Industry

Data Analytics in Insurance: Key Benefits and High-Impact Use Cases The insurance industry is known to be a high-risk industry. Having to constantly navigate through claims procedures, pricing and promotion while minimizing compliance risks at all times can be quite a challenge.    Insurance companies rely heavily on data and statistics for quicker decision-making. This data […]

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Embrace Insurance Policy Lifecycle Automation With ExdionEDGE

Artificial intelligence is quickly becoming the norm in many industries — the insurance industry included. A report by McKinsey states that “AI and its related technologies will have a seismic impact on all aspects of the insurance industry, from distribution to underwriting and pricing to claims.” The insurance industry has been a paper-intensive industry with repetitive, manual

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Artificial Intelligence Review of Insurance policies – Are we there yet?

The use of Artificial Intelligence for insurance policy checking has grown by leaps and bounds as AI tools can rapidly compare a high volume of policy clauses and make human reviewers faster and effective. And why would they not? The technology that helps in automating the review of insurance policies has progressed dramatically over the

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