Free Health Insurance for COFA Citizens

| February 20, 2018

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The Compact of Free Association (COFA) Premium Assistance Program provides free health insurance for people who moved to Oregon from the Republic of the Marshall Islands, the Federated State of Micronesia and the Republic of Palau under the compact.

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Lexington Insurance Company

Lexington Insurance, an AIG Company, is the leading U.S.-based surplus lines insurer. For more than 50 years, Lexington has provided innovative Property, Casualty, Healthcare, Programs, Personal Lines, and Specialty Lines insurance coverages and services to a wide array of organizations.

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Top 3 Challenges to Data Science and Machine Learning Adoption in Insurance

Article | March 27, 2020

Hiring people with skills in machine learning is extremely difficult across industries due to a shortage of talent and skyrocketing demand. But the insurance industry is better positioned than most to overcome this challenge via upskilling. With tens (possibly hundreds) of statistics-minded actuaries already on staff, providing the right tools to nudge them into the world of data science is a small step. Upskilling business staff is also a great way to fill talent gaps, and in many ways, it’s necessary for insurance businesses that want to democratize data science.

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AI and Virtual Assistant for Insurance Sector: 10 Ways to Maximise Performance

Article | March 27, 2020

Evolution in business concepts and implementation of the latest technology trends are driving the thriving growth of businesses. Among all, artificial intelligence is best known to transform a business by automating the processes and making the tasks seamless. And the inventions like virtual assistant and chatbots are practically implementing these concepts to showcase results that promise skyrocketing growth and boost in business.

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The economy is slowing down: what does it mean for insurance companies?

Article | March 27, 2020

Since 2010, as countries waded out of the recession of 2008, they enjoyed economic growth. Coupled with technological innovation, the global economy really got a boost. But, mirroring Nature’s cycles, it seems it is now time to hit a plateau and slow down. In this article, we explore why the slowdown could be happening and more importantly, what it means for us in the insurance industry.

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3 ways AI is transforming the insurance industry

Article | March 27, 2020

As AI, big data, and the internet of things (IoT) find their way into every aspect of our lives, many industries are undergoing a transformation. “Insurance executives believe that artificial intelligence (AI) will significantly transform their industry in the next three years, with insurers investing in AI to empower agents, brokers and employees to enhance the customer experience with automated personalized services, faster claims handling and individual risk-based underwriting processes,” consulting firm Accenture forecasted in 2017.

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Spotlight

Lexington Insurance Company

Lexington Insurance, an AIG Company, is the leading U.S.-based surplus lines insurer. For more than 50 years, Lexington has provided innovative Property, Casualty, Healthcare, Programs, Personal Lines, and Specialty Lines insurance coverages and services to a wide array of organizations.

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