Blockchain Technology Applications for the Insurance Industry

| April 4, 2018

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The blockchain is a decentralized database that keeps records of digital transactions. How might the insurance industry utilize it?

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Canada Life Reinsurance

Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. Canada Life Reinsurance is a leading provider of structured reinsurance solutions. Our structured reinsurance products are designed to help your company manage surplus, reduce capital requirements and enhance return on equity. The underlying business to be reinsured can be life insurance or health insurance, written on a group or individual basis.

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5 Deep Learning Use Cases for the Insurance Industry

Article | February 11, 2020

In 2010, with the launch of the Image Net Competition, a vast dataset of about 14 million labeled images was made open-source to inspire the development of cutting-edge image classifiers. This was when Deep Learning technology got it’s a real breakthrough and since then there’s been no looking back for advancements in this field.

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Three insurtech trends to watch in 2020

Article | March 11, 2020

As the technological transformation of the global business landscape continues, more and more industries are feeling the pressure to embrace the potential of digital solutions, or be consigned to the scrapheap. In the unending quest for legacy industries to stay agile and avoid disruption, leading edge technologies are fusing with existing business models to create new, tech-driven disciplines. Fintech has been one of the great success stories of this trend, as financial institutions harness the power of artificial intelligence (AI), big data and multi-platform customer experiences (CX) to meet the expectations of their customers.

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Social media intelligence for insurance?

Article | April 21, 2020

In the financial services industry, reliance on big data has been increasing at a global level. The usage is not limited to marketing purposes alone but extends to fraud and risk prevention. Customer demand for personalised products is responsible for this shift. The future of insurance is also being shaped differently due to this. The current lengthy questionnaires won’t be needed at all. Just the data collected will help to accurately predict risk and create policies customised to the person’s needs.

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IoT Combined With AI? A Revolution

Article | February 17, 2020

Data is the foundation of insurance, and two emerging technologies, the Internet of Things (IoT, and artificial intelligence (AI), are making that foundation more useful than ever. IoT allows internet-connected devices to send and receive real-time data. Insurers are increasingly using IoT data to streamline operations, improve customer engagement, offer discounts for and encourage healthy behavior such as safe driving and regular exercise, calculate risks more accurately, boost competitive advantage and streamline compliance.

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Spotlight

Canada Life Reinsurance

Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. Canada Life Reinsurance is a leading provider of structured reinsurance solutions. Our structured reinsurance products are designed to help your company manage surplus, reduce capital requirements and enhance return on equity. The underlying business to be reinsured can be life insurance or health insurance, written on a group or individual basis.

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