Hear from Gallagher leadership about the biggest opportunities and challenges facing the brokerage industry in 2022 and beyond
Learn how Gallagher will leverage data in new ways, digitize through technology and design custom solutions adapted to specific risk profiles
Get insights into how to best prepare for the marketplace and what we’re hearing from carriers
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on24.com
As insurers deal with the fallout from COVID and dedicate themselves to improving the customer experience, many still shy away from refreshing their correspondence because they worry it takes too much time, effort and money. Artificial intelligence can now solve the problem by using "content intelligence" to quickly sort through even ad hoc correspondence. AI lets firms modernize their correspondence with messages and branding that are consistent and with the right reading comprehension level, no matter how the company touches a customer -- pleasing customers while lowering costs.
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Strafford
The significance of the new Restatement on the insurance industry is in dispute. Historically, Restatements published by the ALI have had an enormous influence on binding legal decisions. The U.S. Supreme Court cited ALI publications 71 times during the 2013 to 2015 terms of Court, and state and federal courts have cited ALI publications over 200,000 times. Several courts cited the Restatement of the Law of Liability Insurance even before the ALI formally voted to adopt it. Since adoption, the number of citations to, and courts' reliance on, the Restatement has accelerated.
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With the recent and rapid changes to the modern tech stack, including new automation tools, how should insurance companies leverage data and define data science success?
To effectively use data, insurance companies must overcome what has historically been an extremely siloed structure that keeps data separate from the work of insurance.
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