AI Governance Is The New Cybersecurity, Ignore It at Your Peril AI Governance is rapidly transforming into a cornerstone of contemporary cybersecurity strategies. As artificial intelligence systems become more integrated into daily operations across all sectors, the risks linked with these technologies have prompted a critical discussion about the necessity of robust governance frameworks. Ignoring […]
Author Archives: datainsure
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Dec
Dec
Insurance Underwriting Crime Checks: A Crucial Step for Risk Management Insurance underwriting crime checks are integral to the risk assessment process in the financial sector. These procedures help insurers understand the potential risks associated with insuring a person or entity and play a pivotal role in safeguarding against financial crimes such as money laundering or […]
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Dec
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Insurance Renewal ROI focuses on turning standard procedures into profit-generating strategies by emphasizing the importance of not just showing lift but demonstrating return on investment (ROI) through explainable actions. Tie retention uplift to interpretable drivers and create an evidence pack finance trusts to ensure that stakeholders see the clear benefits of targeted interventions in the […]
26
Nov
Nov
The Silent Killer of Insurance AI and Why Poor Model Monitoring Wrecks ROI Introduction to Insurance AI Challenges Ads Artificial intelligence (AI) in insurance is a game-changer, enhancing everything from claims processing and risk assessment to customer service. Insurers are rapidly adopting AI technologies, hoping to drive efficiencies, reduce costs, and improve their services. However, […]
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Nov
Nov
Why the Smartest Insurance CDOs Don’t Own Any Data, They Curate It Smart insurance CDOs are revolutionizing the way data is managed in the insurance industry. Instead of hoarding massive amounts of data, which is both risky and inefficient, these forward-thinking professionals focus on curating data. This shift involves comprehensively managing, streamlining, and enhancing the […]
24
Nov
Nov
Detect and route vulnerable customers responsibly while documenting fairness outcomes. In the realm of AI claims processing in the insurance industry, the emphasis on consumer duty and vulnerability signals plays a pivotal role in ensuring fair and transparent outcomes. As technology continues to revolutionize the way insurance claims are processed, it becomes increasingly important for […]
23
Nov
Nov
Operationalise Usage-Based Insurance Data with Purpose Limitation and Consent Traceability In the rapidly evolving landscape of insurance, the integration of telematics and Internet of Things (IoT) technology has revolutionized the way data is collected, processed, and utilized. One of the key areas where this transformation is most evident is in IoT data ingestion for usage-based […]
22
Nov
Nov
Understanding Catastrophe Exposure Hygiene: Data Controls that Lower Model Uncertainty Hook: In the era of advanced technology, maintaining catastrophe exposure hygiene through effective data controls is paramount in reducing AI model uncertainty. Ads Catastrophe exposure hygiene plays a pivotal role in shaping the accuracy and reliability of artificial intelligence (AI) models within the insurance and […]
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Nov
Nov
GenAI for insurance claims is transforming the landscape of claims correspondence, offering a technology-driven approach that enhances efficiency, accuracy, and security. The advent of Generative Artificial Intelligence (GenAI) in this sector promises to expedite claim handling processes while embedding strict safeguards against data breaches, particularly with Personally Identifiable Information (PII) and Protected Health Information (PHI). […]
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Nov
Nov
Build a Golden Index for Insurance Customers Build a golden index that withstands scrutiny and unlocks retention and conduct monitoring. In the fast-paced and data-driven world of insurance, having a robust system for managing customer information is essential. The “One Customer, Many Records” issue has plagued the industry for years, leading to inefficiencies, increased risk, […]