The insurance industry has been traditionally conservative with technology advances and hesitant to adopt new technologies. However, times are changing, and artificial intelligence (AI) is gaining much attention from insurance companies, who are starting to realize the important role that AI can play in their operations. AI in the insurance industry is poised to bring […]
Data Governance vs. Blockchain
Data Governance is the hot topic in today’s security- and privacy-concerned digital ecosystem. Blockchain technology offers data-centered security to sensitive, transactional systems that require tamper-resistant, fully auditable tracking mechanisms. Thus, blockchain and Data Governance (DG) complement each other in many ways, while maintaining distinct operational philosophies and application turfs. Blockchain is today’s preferred technology for […]
Five Ways Data Analytics is Transforming the Insurance Industry
Click to learn more about author Roi Agababa. Insurance professionals collect a huge amount of data from their customers. And then, they hand it over to underwriters, who evaluate risks of insuring that person using various actuarial data, claims data, and a bunch of other techniques (some of which are proprietary to the insurer). From […]