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Using Data To Illuminate The Intentionally Opaque Insurance Industry

Data Engineering Podcast

Summary The insurance industry is notoriously opaque and hard to navigate. In this episode he shares his journey of data collection and analysis and the challenges of automating an intentionally manual industry. What are the most challenging aspects of collecting that data?

Insurance 162
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Revolutionizing Insurance: Optimize Your Claims Process to Drive Customer Satisfaction and Retention

Precisely

Key Takeaways: Insurers provide better customer experiences with claims processes that are simple, fast, empathetic, and deliver proactive communication throughout. For most people, insurance is a safety net that remains out of mind until it becomes necessary – typically when an incident occurs and they’re filing a claim.

Insiders

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Personalized Insurance: Auto and Telematics, Health, and Other Success Stories

AltexSoft

In today’s society, insurers can no longer ignore the mounting expectations of customers. Clients now expect insurers to provide different levels of personalization that are fast, adaptable, and up to date. Is personalized insurance really the future of insurance? What is personalized insurance, and why is it important?

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The Sprint towards Digital Healthcare

Cloudera

As healthcare providers and insurers /payers worked through mass amounts of new data, our health insurance practice was there to help. One of our insurer customers in Africa collected and analyzed data on our platform to quickly focus on their members that were at a higher risk of serious illness from a COVID infection.

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Improve Underwriting Using Data and Analytics

Cloudera

Insurance carriers are always looking to improve operational efficiency. We’ve previously highlighted opportunities to improve digital claims processing with data and AI. IoT examples such as telematics-based travel or car insurance enable a very personalized insurance policy (more on this in a prior post ).

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AI-First Benefits: 5 Real-World Outcomes

Cloudera

The availability and maturity of automated data collection and analysis systems is making it possible for businesses to implement AI across their entire operations to boost efficiency and agility. AI’s ability to multitask and review massive amounts of data accelerates activities in inhuman ways.

Insurance 128
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How AI Used in Fraud Detection? Benefits, Techniques, Use cases

Knowledge Hut

Fraud detection with AI and machine learning operates on the principle of learning from data. Here's how it works: Data Collection: The first step is to gather data. This data may contain transaction histories, client information, and past fraud incidents in the context of fraud detection.