The rapid advancement of intelligent technology is already transforming the modern insurer’s relationship with data and producing actionable analytics. Intelligent technology, including artificial intelligence (AI), robotic process automation (RPA), machine learning, augmented reality, and blockchain, is converging with data sciences, analytic assets, and the Internet of Things (IoT) to create a new landscape of opportunity for insurance organizations.
And as we enter a highly transformative phase for the industry, traditional insurance roles will evolve considerably, with the work shifting from labor-intensive activity to decision-making prowess. The data and intelligent technology paradigm shift requires the emergence of a completely new kind of insurance company or a significant transformation in the working practices of traditional insurance organizations.
Listen to an informative roundtable, comprised of a diverse group of senior insurance executives who discuss experiences and best practices for the application of AI platforms, self-learning algorithms, data sciences, and smart data-sourcing — all of which can help to make underwriting and insurance operation much more efficient and cost-effective.