Your Daily InsurTech Briefing – 2024-04-26

April 26, 2024
1 min read

Let’s see what’s in the news today.

Scrapping the spreadsheet: start-ups take aim at an old insurance addiction

A clutch of companies are hoping to break the stranglehold of near 40-year-old technology on specialist underwriting

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How to choose the best AI solution for claims management

The insurance industry is undergoing a transformative shift, propelled by the integration of Artificial Intelligence (AI). As insurers grapple with increasingly complex claims and rising customer expectations, AI has emerged as a potent tool to streamline processes, enhance accuracy, and elevate customer satisfaction levels. However, amidst the plethora of AI solutions available, selecting the right option for claims management is not a simple task, as AI automation platform Simplifai explains.

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How Using Smart Tech at Home Can Lower Your Insurance Bills

Since smart tech can work to prevent the kind of costly events that result in insurance claims, it makes sense that there’s an emerging trend of insurance companies offering discounts for specific smart tech in the house.

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AI-Driven Climate Insurance: A Provocative Solution to Earth’s Uncertain Future

The insurance industry, long shackled by rigid policies and outdated practices, is ripe for disruption — and ag can reap the benefits.

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DC’s Department of Insurance, Securities and Banking client data breached, Tyler Technologies says

WASHINGTON (DC News Now) — Tyler Technologies said in late March, it discovered a data breach to its securities data which affected a D.C. agency. Tyler Technologies hosts data for a multitud…

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TLDR: Key Points: AI is transforming the insurance industry by enabling precise predictions, managing customer interactions, and expanding personalized services and product lines. Successful insurance companies are adapting their offerings and distribution