Remove Insurance Remove Optimization Remove Unstructured Data
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How AI orchestration has become more important than the models themselves

CIO Business Intelligence

Spending on vertical AI has increased 12x , this year, as more businesses recognize the improvements in data processing costs and accuracy that can be achieved with specialized LLMs. Our LLM was built on EXLs 25 years of experience in the insurance industry and was trained on more than a decade of proprietary claims-related data.

Modeling 116
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Data distilleries: CIOs turn to new efficient enterprise data platforms

CIO Business Intelligence

This shift streamlines operations, enhances business insights, and unlocks the full potential of data. Why data distilleries are a game-changer: Insights from the insurance industry Traditionally, managing data in sectors like insurance relied on fragmented systems and manual processes.

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Unlocking the full potential of enterprise AI

CIO Business Intelligence

For example, process and task mining can uncover inefficiencies and identify opportunities for optimization, while RPA and low/no-code platforms can empower teams to automate repetitive tasks and develop solutions rapidly. AI in action The benefits of this approach are clear to see. 4] On their own AI and GenAI can deliver value.

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Commercial Lines Insurance- the End of the Line for All Data

Cloudera

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Another historic example is crop and livestock insurance in Germany in the 1700s.

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Structural Evolutions in Data

O'Reilly on Data

While data scientists were no longer handling Hadoop-sized workloads, they were trying to build predictive models on a different kind of “large” dataset: so-called “unstructured data.” Both situations benefit from a technique that optimizes the search through a large and daunting solution space.

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Expion Health revamps its RFP process with AI

CIO Business Intelligence

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. Automation, and generative AI in particular, can transform the insurance industry, he adds.

Insurance 111
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Automated Sales & Underwriting Strategies can Transform Insurance

bridgei2i

Automated Sales & Underwriting Strategies can Transform Insurance. One of the major repercussions of the COVID-19 pandemic in financial sectors has been the increase in awareness about insurable risks across categories and markets. Images 1: Challenges before insurance industry in the post-Corona world.