George Nikolaou

Are you looking for a tech team that can respond to an emergency in hours instead of days? Hartford has your back! When things go wrong, you worry about your team, and let us take care of the tech: https://lnkd.in/dwVQp_my #TechRentals #ITHelp #IT #TechRentals #BusinessContinuity

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An Inspiring TED Talk. It's incredible how children, when asking questions, can inspire us to think beyond the obvious. Movies also encourage us to think outside the norm - "Envisioning a future sculpted by AI, inspired by 'Minority Report,' we see a world where technology seamlessly integrates into every aspect of life. AI could revolutionize how we live, work, and play—optimizing city infrastructures for efficiency, personalizing education to each learner's pace, and enhancing healthcare with predictive diagnostics. This isn't just science fiction; it's a near future where AI partners in our daily lives, ensuring a smarter, faster, and more intuitive world. Let's embrace the possibilities and steer this technology towards a beneficial future for all." #PINCommunityAdvocate #One2GrationAdvocate #NonBiasAIisourGoal

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Generative AI is going to have a transformative impact on insurance. A good overview. Starting internally and IT is one area of optimization opportunity to automate and optimize and be more agile and effective.

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In today's fiercely competitive #insurance market, the ability to rapidly introduce innovative products is crucial for gaining and retaining market share. However, many insurers face challenges due to inconsistent processes in defining, building, and launching new products across multiple channels. This inconsistency hampers their ability to launch existing and new insurance products with configurable digital journeys to market quickly, efficiently, and cost-effectively. #Tailor is a low-code Product Manager from InfoAxon Technologies Limited to enable insurers and intermediaries to quickly configure and launch insurance products with configurable digital journeys across digital channels. #InfoAxon #ProductConfigurator #ProductManager #DigitalInsurance #InsurTech

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If you are in NY on June 5th and 6th, come meet us at the Insurtech Insights at Jatvis Center. Our CPO Neal Silbert will be speaking on Revolutionizing Insurance: Unleashing GenAI for Underwriting and Claims Excellence. Do stop by our booth to see a demo of the Underwriting and Claims Copilot. David Serna Perez #insurtech #GenerativeAI #InsurtechInsights #Underwriting #Claims

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Harnessing the Power of Generative AI and Machine Learning in Insurance Underwriting

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Oded Barak, Co-Founder & CEO, Five Sigma, talks about why Claims Modernization is so hard. Claims is such a complex thing, given the stark differences across products like Cyber and Pet, but even within products, like PIP and BI vs. APD in Auto. That makes it very hard to model data and develop systems that respect all of these differences and enable the possibilities within them, but also that is manageable, affordable and something that can even be delivered given the complexities involved. Watch the clip at YOUTUBE and catch the full episode at https://lnkd.in/eWQFWZDu #insurtech #insurance #futureofinsurance #innovation

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🚀 Embracing the GenAI Wave in Insurance Underwriting In my years of experience within the insurtech industry, I've witnessed how technology can redefine the fundamentals of insurance underwriting. One of the most compelling advancements is Gen AI, which could revolutionize our approaches to risk and efficiency. Here's my perspective on GenAI's impact: ✅ Deepened Risk Assessment: Leveraging GenAI allows for the analysis and synthesis of extensive datasets, leading to a level of risk assessment precision that was previously unattainable. This technology facilitates a more nuanced understanding of risk factors, enabling insurers to offer policies that are both finely tailored and fairly priced. ✅ Bespoke Policy Creation: The ability to generate personalized policies using AI not only meets the customer demand for customization but also signifies a shift towards a more dynamic insurance marketplace. GenAI assists in designing coverage solutions that align closely with individual customer profiles, enhancing satisfaction and retention. ✅ Operational Efficiency: GenAI's capacity to automate complex underwriting tasks has a profound impact on operational speed and accuracy. By integrating GenAI into our workflows, we can achieve a level of efficiency that drives down costs while elevating service standards. Integrating GenAI demands a strategic vision that prioritizes adaptability, collaboration, and continuous innovation. The challenge lies in updating legacy IT infrastructures and nurturing a forward-thinking organizational culture. It's here that I've observed companies like Planck making significant strides. Planck's innovative use of GenAI models is revolutionizing commercial insurance, equipping underwriters with the tools to adeptly analyze big data, accurately classify businesses, and identify key risk factors with a level of precision and consistency previously unseen. For those interested in exploring this topic further, I recommend reading David Schapiro article, "The Transformative Potential of Generative AI in Insurance Underwriting." It provides a comprehensive analysis of GenAI's capabilities and its transformative impact on our industry. ➡️ Read the full article: https://lnkd.in/enqiaMrn #InsuranceTech #GenAI #RiskAssessment #PolicyInnovation #OperationalExcellence

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Claims inefficiencies = increased loss adjustment expenses. Hence, a great KPI to start using NLP and AI driven workflows and assignments. #ai #nlp #nlu #insights #predictions #claims #inefficiencies #workflow #process #streamline #efficiency

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Customer correspondence is an area where insurers have been slow to make investments. And yet, these communication touchpoints play a critical role in building trust, loyalty, and strengthening the customer relationship. Making this investment starts with recognizing that over half of life insurers’ IT budgets are dedicated to maintaining legacy technology infrastructure. These outdated systems often make supporting modern business processes and customer experiences incredibly difficult, if at all possible. To eliminate this technical debt and modernize, read the 8 Must-Haves for Life Insurers when modernizing correspondence systems. https://ow.ly/vLXw50SMpXW #LifeInsurance #InsuranceIndustry #modernization #SaaS #customercommunications #cloud #contenthub

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Insurance is evolving beyond transactions into relationship-building powerhouses. From personalized interactions to streamlined processes and innovative tech, find out how insurers are revolutionizing customer experiences and driving loyalty. Dive into our latest blog to learn more about the five key strategies transforming the industry. ⬇

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With more high-tech start-ups per capita than any other country, Israel is widely known as the “Start-up Nation,” whose outsized role in technology – in particular insurtech – remains an ongoing success story. Tune in as Kobi Bendelak and Eli Azoulay discuss why Israel is such a hotbed of pioneering innovation and how Sapiens continues to play an important part in our latest podcast. Listen here: https://spns.pub/4fqRS6L #insurtech #startupnation #insurance InsurTech Israel

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Zala Insurtech News: Shel Bachrach, an insurance giant whose work behind the scenes helped movies like Cliffhanger, The People vs. Larry Flynt, and Ali get made, died on Monday in Palm Springs at the age of 80. The post Shel Bachrach, Hollywood Insurance Pioneer, Dies appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

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#GenAI is redefining #InsurTech by automating claims settlement, optimizing underwriting, streamlining risk assessment, and improving customer experiences. However, leaders must address concerns around #dataprivacy and ethics of AI-driven decision-making to sustain customer trust. A good read! https://lnkd.in/ecqSMr2r

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Stanford Institute for Human-Centered Artificial Intelligence (HAI) has just released the 𝟮𝟬𝟮𝟰 𝗔𝗜 𝗜𝗻𝗱𝗲𝘅 𝗥𝗲𝗽𝗼𝗿𝘁. The report tracks, collates, distills, and visualizes data related to artificial intelligence (AI) to provide unbiased, rigorously vetted, broadly sourced data for policymakers, researchers, executives, journalists, and the general public to develop a more thorough understanding of AI. Though it's quite long, 502 pages, it's easy to navigate and a great reference. https://lnkd.in/gyXKYh98 #AI #artificialinteligence #businessgovernance

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Looking forward to this one alongside Preeti! 💙💚🌳 #democratizinginsurance

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