Category: AI Technology
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Reimagining Insurance Through AI with Piyush Singh
Doclens.ai Podcast Episode 2: AI and Insurance: A Match Made in Heaven The world of finance is undergoing a digital revolution, and the insurance industry is no exception. Artificial intelligence (AI) is rapidly transforming how businesses operate, and insurance companies are poised to reap significant benefits from this powerful technology. In this blog post, we…
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Decoding Disruption: The Impact of AI on Insurance with Sandeep Tyagi
Doclens.ai Podcast Episode 1: A Look into the Future of Insurance with AI In the ever-evolving world of finance, Artificial Intelligence (AI) is rapidly transforming how businesses operate. The first episode of the Doclens.ai podcast dives deep into this disruption with Sandeep Tyagi, a veteran computer scientist with over 35 years of experience leveraging data…
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Data Defense Dynamics
Navigating Privacy Challenges in the AI Era !! The surge in cloud-hosted AI software has ignited crucial conversations about data privacy. In response, a detailed framework paves the way out to help users navigate varying levels of data protection. Under the framework, privacy can be categorized into four tiers: Within each level, intricacies abound. For…
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Navigating the New Frontier: Recent Trends in Regulating AI
As Artificial Intelligence (AI) continues its rapid evolution, policymakers and industry leaders are grappling with the imperative to regulate its use responsibly. In recent years, AI has transformed industries, offering unprecedented opportunities for efficiency, productivity, and innovation. However, concerns about its potential misuse, bias, and impact on privacy and employment have prompted calls for robust…
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Leverage AI to Reduce Social Inflation
Experienced claim portfolio managers can identify the micro level factors and the strategy for addressing the challenge. Advances in technology can improve execution of the strategy driving improved outcomes.
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Know Your Contracts
Using third parties can provide significant flexibility and efficiency but when an organization relies on third parties, the organization is exposed to risk and potential liability based upon the actions of those third parties.
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What Unknown Risks Lurk In Your Contracts
If you do not know what risks you have accepted or shifted through contracts, you may only learn about exposure when it is too late. What can you do to proactively manage contract risk?
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Mitigating Knowledge Transfer Risk
It is well documented that a significant portion of the insurance industry workforce is rapidly approaching retirement. The industry faces a dual risk of not only finding sufficient interested candidates to fill jobs that will become available on retirement but also with replacing the knowledge and experience that departs when long term employees retire.
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Automating Extraction and Conversion of Unstructured Data
The automated extraction and conversion of unstructured data found in primary source documents, reports, records and other medium to structured data that can be used for analysis is the most significant step in the evolution of data analytics.
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Artificial Intelligence Using Large Language Models Can Accurately Evaluate Risk in Liability Claims
Rapidly the Insurance Industry has moved beyond discussing whether the Insurance Industry should use AI and LLMs to identify the best use cases for these new techniques and implementing solutions.