How Explainable AI Could Transform the Insurance Industry Artificial intelligence (AI) is growing and taking over more aspects of business. Many people are unsure of AI because of its lack of explanation when coming to a conclusion.  Explainable AI (XAI) is bridging the gap between those who already trust AI and those who want more explanation when it comes to receivingRead more

Three Benefits Insurtech Has Brought to the Insurance Industry Artificial Intelligence (AI), machine learning, and the Internet of Things (IoT) may all sound like words from a foreign language, but these are all insurtech benefits that are becoming common aspects of the insurance industry. Insurtech is where insurance and technology come together and its goalRead more

How Predictive Analytics in Insurance will Benefit the Industry in 2020 It’s hard to remember a time in the insurance industry when we didn’t use computers. Over the years, insurers have used software, machine learning, artificial intelligence (AI), and predictive analytics to reduce human error, issues, and expenses, as well as increase productivity, sales, andRead more

Artificial Intelligence: How to Harness It to Improve Insurance Compliance What is artificial intelligence? Have you ever asked Alexa to play your favorite song or had Siri give directions to the nearest coffee shop? Well then, consider yourself one of the millions of Artificial intelligence (AI) users! But, what is AI? AI stands for ArtificialRead more