Nowadays, it seems obvious that treating all customers equally in the insurance sector is a significant waste of opportunities. Why would I offer car insurance to a person who does not have a car? Does it make sense to send paper documents to 100% digital people? These kinds of mistakes mean costs for companies that…
Let’s see why the use of Machine Learning in the insurance policy subscription process is a differentiating factor, and how it works. Policy subscription process: insurance underwriter Contracting a policy is a voluntary decision by a person to cover a certain risk. But the insurance company has the last word. If the…
According to the last study about digital transformation in the insurance sector: “A New World of Opportunity, the Insurance Innovation Imperative” by KPMG, 83% of insurance companies say that their business’ future success lies in innovation. The same study confirms that 74% of these companies claim to lack the skills needed to drive innovation. It…
Implementing AI in companies Today, many companies are investing heavily in Artificial Intelligence and Big Data and believe that these technologies will help them with their digital transformation. By using data analysis and Artificial Intelligence capabilities, such as automatic learning or decision-making based on these data, companies in all sectors can optimize and automate their…
Today, no one questions that ‘Internet of Things’ (IoT) is transforming the model of the relationship between consumers and providers. And there is no industry that is not affected. For example, IoT helps the insurance industry to improve their relationships with customers. In 2016, companies invested 700 billion dollars in IoT (hardware, software or services) worldwide.…
Description For the Challenge de Diciembre 2014 – Enero 2015 , Decision Management Community web proposes participate in the “UServ Product Derby”. Over 10 years ago BR vendors had a chance to demonstrate their product capabilities at Business Rules Forums, using the same use case known as “UServ Product Derby”. The majority of BR vendors openly competed…