Archives for insurance

10 Mar

Should Companies Consider Cyber Insurance?

The aftereffects of last year’s SolarWinds hack continues with the latest developments pointing to a Chinese angle. The year 2020 was rife with cyberattacks impacting millions of people. According to a report, by 2025, the losses due to cybercrime would rise to $10.5 trillion, a 15 percent increase from 2020. Given the risks involved, many…

The post Should Companies Consider Cyber Insurance? appeared first on Analytics India Magazine.

06 Nov

Digitisation & AI-Supported Hyperpersonalisation Is The Way Ahead For Insurance Industry: Rohit Nambiar, Tune Project

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A 2017 report forecasted that technologies such as AI, big data, and internet of things (IoT) would find its way into the insurance sector, an industry still considered to be very orthodox in the way it functions, in order to transform and digitalise customer service, risk assessment, and even fraudulent practice detection.  The prediction seems…

The post Digitisation & AI-Supported Hyperpersonalisation Is The Way Ahead For Insurance Industry: Rohit Nambiar, Tune Project appeared first on Analytics India Magazine.

23 Jul

How Max Life Insurance Deployed AI Models To Optimise Processes

The technology world is transforming rapidly, and so is the insurance sector shifting with it, driven by customer expectations. To be competitive, insurance companies require more customer insights and the capability to turn these insights into action. But this needs direct efforts and expertise and many insurance companies grapple in this area, which is why…

The post How Max Life Insurance Deployed AI Models To Optimise Processes appeared first on Analytics India Magazine.