Insurance Technology

Improving the Speed and Efficiency of AI-Enabled Damage Assessment in Insurance

May 16, 2022

Improving the Speed and Efficiency
The combination of high-resolution aerial imaging and artificial intelligence has practical applications for multiple use cases, such as manufacturing defects detection, environmental impact studies and planning, urban vegetation mapping, and precision agriculture. Now, as major natural disasters have increased, the insurance industry is using aerial imagery and AI for damage assessment. This is part of an expanded focus on post-event analysis that uses data, AI, and analytics to understand risk mitigation. Aerial imagery and AI can help address varying spectral bands of resolutions and other factors that the human eye cannot easily connect.

Spotlight

Aegon Life

Aegon, the global insurance and financial services company with a 173 year legacy, started operations in India in 2008. Today, Aegon Life is a leading online-focused Life Insurance provider in India. Aegon Life is not exactly everywhere you turn. So, what makes us a very special kind of Life Insurance company? As Aegon, we are present in more than 20 countries in the Americas, Europe and Asia. In the US, we are market leaders, and well known for our iconic skyscraper that is a landmark of the San Francisco skyline.

OTHER WHITEPAPERS
news image

Powering the modern life insurance carrier with advanced AI and data

whitePaper | June 30, 2022

Welcome back to our white paper series about how to use AI and data throughout the new business and underwriting processes. In the first white paper we discussed the importance of product design and the benefits of using AI. In this white paper, we will examine how to deliver on the vision of your new product through your technology implementation. We will discuss how to move from concept to reality effectively and efficiently by determining the right capabilities, automation, and optimized workflows for this goal.

Read More
news image

What does ESG mean for Underwriting and Insurance?

whitePaper | June 22, 2022

For many people, ESG brings to mind environmental issues like climate change and resource scarcity. These form an important element of ESG, but the term means much more. It also covers social and governance issues.

Read More
news image

Battling Health Insurance Claims Fraud

whitePaper | July 18, 2023

Insurance companies and providers of health care benefits lose hundreds of millions of dollars yearly due to fraudulent claims for health benefits. Some of these are bogus claims that originate from insured persons, while others are payments for insured services that are not needed but are wrongly prescribed by providers who stand to make illegal profits.

Read More
news image

IPT compliance: A guide for insurers

whitePaper | March 7, 2023

Written by Sovos’ team of regulatory specialists, this guide for insurers provides everything you need to know about the IPT regulatory landscape. A mix of deep dive country-by-country information in addition to guidance on IPT and the digital tax landscape, this guide is for any insurer wanting to know more about IPT compliance. Despite its focus on Europe, our guide also explores other jurisdictions in Asia, Australia, North and South America. This guide is your trusted source of information wherever in the world you write business.

Read More
news image

Motor insurance fraud roundtable: Data and diligence, how can insurers combat any increase in criminal activity?

whitePaper | May 23, 2022

Insurance Post, in association with LexisNexis Risk Solutions, gathered experts together to discuss how issues such as ghost broking, the current limitations of benchmarking and fraud detection are pertinent to rooting out motor insurance fraud. This content provides a summary of the discussion.

Read More
news image

Power of the collective: The rise of insurance associations

whitePaper | March 7, 2023

No single insurer is spared by fraud. Globally, fraud is estimated to cost the insurance industry hundreds of billions of GBP per year. This figure isn’t just fraud on an individual or opportunistic scale, but also the result of insurance fraud networks who represent an industry unto themselves.

Read More

Spotlight

Aegon Life

Aegon, the global insurance and financial services company with a 173 year legacy, started operations in India in 2008. Today, Aegon Life is a leading online-focused Life Insurance provider in India. Aegon Life is not exactly everywhere you turn. So, what makes us a very special kind of Life Insurance company? As Aegon, we are present in more than 20 countries in the Americas, Europe and Asia. In the US, we are market leaders, and well known for our iconic skyscraper that is a landmark of the San Francisco skyline.

Events