Insurance companies collect large volumes of data on a day-to-day basis. However, what if this data could be restructured and used for accurately predicting the purchase patterns of the business' most loyal clients? And what if it could offer you insights on how the right offers and discounts at the right time could compel the customers to renew their services? Predictive … [Read more...] about 5 Best Tips for Adopting Predictive Analytics in Insurance
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Harness the Power of Artificial Intelligence in Insurance to Gain a Competitive Edge
Artificial Intelligence (AI) in insurance, along with its subsidiaries, in the form of Machine Learning, Deep Learning, etc., has been revolutionizing the industry for quite some time now. It is, therefore, unsurprising that this seemingly niche market enjoys a potential annual valuation of a solid $1.1T. All the transformation and innovation carried out so far are laying the … [Read more...] about Harness the Power of Artificial Intelligence in Insurance to Gain a Competitive Edge
How Is InsureTech Helping CIOs Fulfill Changing Expectations?
The digital transformation across the industries changes the traditional roles and responsibilities of CIOs, and InsureTech is no exception. Traditionally, the CIO role focused on the Information Technology (IT) strategy, initiatives, and implementation. Most of these responsibilities were inward-looking, in the sense that they looked at optimizing organizational efficiencies … [Read more...] about How Is InsureTech Helping CIOs Fulfill Changing Expectations?
Conversational AI in Insurance
Conversational AI has already started to disrupt the insurance sector. AI-powered insurance chatbots and virtual assistants have made the customer care experience a lot more seamless “ instantly resolving routine queries end-to-end, automating the claims filing process, and more. They also serve as a powerful tool for lead generation “ engaging prospective customers and … [Read more...] about Conversational AI in Insurance
Why Conversational AI is the Perfect Lead Generation Tool for Insurance Brands
According to Accenture, as many as 79% of insurance executives believe that AI will transform the way their companies communicate with customers. The insurance sector, like many other verticals, has certainly benefited tremendously from AI automation. Conversational AI, in the form of chatbots or virtual assistants, serves as the perfect automated insurance agent “ educating … [Read more...] about Why Conversational AI is the Perfect Lead Generation Tool for Insurance Brands
