artificial intelligence News
Carrier Challenge: Adopting AI Quickly Enough
The adoption of artificial intelligence is having a profound impact on many industries, including insurance. As it becomes more common, AI will also allow insurers to introduce new products, ...
AI, Machine Learning Increasingly Embraced by U.S. Carriers: LexisNexis
Artificial intelligence and machine learning are increasingly embraced by U.S. carriers as they seek to remain competitive and modernize their operations, a new LexisNexis Risk Solutions study has ...
How Humane Automation Leverages Claims Technology for Better Outcomes
Shortly after World War II, as the Ford Motor Company returned to making cars, one of its more innovative executives, Del Harder, mechanized entire segments of the production line with built-in, ...
Enterprise Software Startup Gradient AI Raises $6M from MassMutual, Others
Gradient AI said it has raised $6 million in financing to help fuel development of its AI-based enterprise software focused on insurance underwriting and claims management. The Massachusetts-based ...
Cape Analytics Rolls Out Geospatial Portfolio Monitoring Products
Cape Analytics is launching what it bills as the insurance industry's first geospatial portfolio monitoring products. They're intended to work together. Change Detection is designed to alert carriers ...
Facebook Users Reportedly Not Told Contractors Transcribe Audio Clips
Facebook Inc. this week confirmed that it ran a program to allow contractors to listen to and transcribe some users' audio clips. The social network said that the only people who were affected were ...
Data Science Startup DataCubes Is Ramping Up Carrier Partnerships
InsurTech DataCubes raised its first funding round of $2.5 million just under two years ago and continues on a growth trajectory today. (Hint: more fundraising is planned in the near future.) The ...
AI and Bionic Eyes Poised to Be the Latest Wildfire Risk Reduction Tools
On a tower in the Brazilian rain forest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren't human. They don't blink or take breaks, and guided by artificial intelligence ...