Applications of GenAI in Insurance

Jun 19, 2024 / by AAIS posted in Technology, Machine Learning/AI, Data & Technology, Data/Tech, AI, Artificial Intelligence, BluePond.AI, GenAI

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Generative Artificial Intelligence (GenAI) is revolutionizing industries with its ability to understand, synthesize, and create language-based content. In this interview with AAIS Partner, BluePond.AI, we explored how this leap forward is particularly impactful in the insurance sector, where manual processes and complex documentation are prevalent. Hear from Pranav Pasricha, CEO of BluePond.AI, to learn what GenAI is, its transformative applications within the insurance industry, the challenges of adopting this technology, and how carriers can effectively navigate these obstacles to harness GenAI's full potential.

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Can AI Home Health Assessments Boost Reinsurance Capacity?

Jun 12, 2024 / by Micah Kalisch posted in Personal Lines, Technology, Data & Technology, Homeowners, Data/Tech, AI, Artificial Intelligence, CHRP Technologies

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Due to today’s hard market, reinsurers are much more selective about the risks they underwrite. To secure reinsurance coverage, personal lines property carriers must maintain a healthy book of business and loss ratio.

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Accelerate Speed to Market with the AAIS S2M Toolkit

Jun 5, 2024 / by AAIS posted in Insurance Operations, AAIS Webinar Series, Policy Administration, Mind Maps, S2M Toolkit

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The decision has been made. Your company’s leadership has determined now is the time to adopt a new product, to expand your company's offerings, and to do so quickly to take advantage of an opportunity in the market.

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Apoorva Insurance Joins AAIS Partner Program, Providing Opportunities for Streamlined Internal Processes for AAIS Members

Jun 3, 2024 / by AAIS posted in Technology, Press Release, Apoorva Insurance

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Apoorva Insurance to offer AAIS Members affordable products and services to further accelerate their speed to market for all lines of business.

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Methods for MGAs to Cut Construction Insurance Costs

May 28, 2024 / by AAIS posted in Issues & Trends, Data & Technology, Inland Marine, Data, Data/Tech, Builders Risk, catastrophe, OwlSurance, MGA

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In the construction industry, insurance plays a crucial role in protecting assets and personnel. Current construction industry challenges are impacting insurance, driving the need for insurers to innovate to reduce costs, ensure data security, and stay competitive. Watch part two of our two-part interview series with AAIS Partner, ValueMomentum, to hear from Anand Rajaraman, Vice President of Product Management at OwlSurance Technologies.

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The Art of the Possible with GenAI in Insurance

May 23, 2024 / by Sachin Kachare posted in Technology, Data & Technology, P&C Insurers, Data/Tech, Underwriting, AI, Artificial Intelligence, Brokers, Insurance Agents, MGA, BluePond.AI

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Today, there is a lot of buzz surrounding generative artificial intelligence (GenAI) and its potentially significant implications for the insurance industry. The use of GenAI in insurance is taking a large step forward, leading the paradigm shift in AI and machine learning (ML) due to its efficient and innovative features. In the dynamic realm of insurance, burdened by cumbersome manual processes, traditional AI solutions are limited. GenAI transcends these limitations, offering transformative solutions to streamline insurance workflows and propel the industry forward.

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Leveraging White Labeling in the Insurance Industry

May 21, 2024 / by AAIS posted in Insights, Issues & Trends, Insurance Operations, Working in Insurance, AAIS Insights, OwlSurance

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White labeling has emerged as a pivotal strategy for insurers to bolster brand presence while catering to the preferences of brokers and clients. In this interview with AAIS Partner, ValueMomentum, you’ll learn what makes white labeling effective, the benefits of utilizing the strategy, and the tools and principles that make it successful in the insurance industry. Part one of our two-part series features Bob Ridinger, Vice President of Sales and Business Development at OwlSurance Technologies, a business unit of ValueMomentum.

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reThought Flood Joins AAIS Partner Program, Delivering Unique, Technology-Based Approach to Underwriting Flood Insurance

May 7, 2024 / by AAIS posted in Flood Insurance, flood, Press Release, reThought Flood

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reThought Flood to offer AAIS Members a different, patent-pending approach to pricing flood risk that deploys multiple models for a more accurate assessment of risk.

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Cogitate Joins AAIS Partner Program, Offering Members Innovative and Transformative Digital Technology Products for the Insurance Industry

Apr 29, 2024 / by AAIS posted in Insurtech, Press Release, Cogitate

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From Concept to Customer: GhostDraft Discusses the Need for Speed to Market in Insurance

Apr 17, 2024 / by AAIS posted in Technology, Insurtech, Regulatory/Compliance, AAIS Webinar Series, Data/Tech, Data Management, Compliance, GhostDraft

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As part of the AAIS Webinar Series, AAIS hosted a virtual discussion on April 4, 2024, featuring AAIS Partner, GhostDraft. Moderated by John Kadous, AAIS Vice President of Products, the session explored the importance and challenges of speed to market. Joined by panelist Laurence White, Executive Vice President of Sales at GhostDraft, the two discussed modern technologies and innovations that can accelerate internal processes as well as how to balance speed and compliance. Kadous and White also offered successful strategies to improve operational efficiencies.

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