Blockchain Audit Use Cases For All Types of IndustriesPrashantAU2
The document outlines a GTM strategy for QuillAuditTM, beginning with defining the target audience as startups, BFSI, healthcare, and media firms seeking to reduce risks from smart contracts. The strategy involves direct and partner channels to reach these segments. It proposes building awareness through content and events, evaluating prospects through the sales cycle, and providing solutions tailored to consumer needs like quick results and uninterrupted operations. Partnerships are seen as crucial to gain scale, credibility and support delivery. The strategy aims to balance risks in emerging tech with addressing customer needs.
Speech Analytics Solutions for the Insurance IndustryUniphore
Uniphore's speech analytics solutions can help boost customer engagement, offer better customer service, and enhance business outcomes for the insurance industry. Key benefits include gaining valuable customer insights from analyzing 100% of customer interactions, understanding root causes of customer dissatisfaction, and improving customer satisfaction and business outcomes. Speech analytics plays a pivotal role in assessing compliance and identifying areas for improvement. Uniphore's auMina product provides over 80 international language support, 300+ customized reports, and valuable insights to help insurance companies improve operational efficiencies, sales, agent training, and reduce costs.
Insurers today, big and small, are facing disruption due to the increasing deployment of InsurTech technologies and by engaging EY, insurers stand to reap benefits of the latest innovations and insurance products, capitalize on new markets as well as future-proof business for with the help of EY's expertise in this sector.
The document discusses opportunities in the trillion dollar global insurance market as new digital users and technologies emerge. It introduces Coverplus, an end-to-end solution that enables insurance providers to develop and distribute embedded insurance products digitally to meet rising customer expectations. The goal of Coverplus is to close the large insurance protection gap in Southeast Asia by promoting innovative embedded insurance solutions that make coverage more accessible and relevant.
Thabo Ndlela- Leveraging AI for enhanced Customer Service and Experienceitnewsafrica
The document provides an overview of Accenture's capabilities for leveraging AI to enhance customer service and experience. It discusses challenges facing contact centers like increasing volumes, talent shortages, and legacy technology issues. It also covers key customer trends like the explosion of AI/chat and the blurring of online and offline channels. The presentation proposes using generative AI to transform customer journeys and reimagine interactions through proactive outreach, conversational analytics, and virtual agent design.
Webinar: Digital Marketing in China - Compare, contrast, and learn?The Digital Insurer
Digital marketing in China-
Compare, contrast & learn?
18th march, 2021
The document discusses digital marketing trends in China, including the rise of live streaming and social media platforms like WeChat for marketing. It highlights tools like live streaming, short videos, and messaging as effective digital marketing approaches in China. Industry perspectives on opportunities in digital transformation and the importance of trust in digital marketing are also covered.
Hubb is an insurtech startup that provides commercial insurance for small and medium enterprises (SMEs) through a fully digital and highly automated process. It aims to disrupt the traditional broking market by offering more transparent, cost-effective insurance with a superior customer experience. Hubb has experienced rapid growth in its first 18 months of operation, insuring over 1,400 customers with £18 million in gross written premiums. It utilizes artificial intelligence, data science, and a recent acquisition of another insurtech company to automate processes and scale efficiently while reducing insurance costs for SMEs by up to 30%.
A.T. Kearney: Positioning for the Telematics Tipping PointbengillTU
Here is one of the keynote presentations from the hugely successful Insurance Telematics USA 2010.
During the presentation, two Vice Presidents from A.T. Kearney answer the following questions:
- How will the insurance telematics market evolve in the next 3-5 years?
- What are the implications for insurance companies?
- How should insurance companies position themselves for success in the face of uncertainty?
To view the presentation WITH AUDIO then click here:
http://www.telematicsupdate.com/insurance-telematics/presentations.shtml
Blockchain Audit Use Cases For All Types of IndustriesPrashantAU2
The document outlines a GTM strategy for QuillAuditTM, beginning with defining the target audience as startups, BFSI, healthcare, and media firms seeking to reduce risks from smart contracts. The strategy involves direct and partner channels to reach these segments. It proposes building awareness through content and events, evaluating prospects through the sales cycle, and providing solutions tailored to consumer needs like quick results and uninterrupted operations. Partnerships are seen as crucial to gain scale, credibility and support delivery. The strategy aims to balance risks in emerging tech with addressing customer needs.
Speech Analytics Solutions for the Insurance IndustryUniphore
Uniphore's speech analytics solutions can help boost customer engagement, offer better customer service, and enhance business outcomes for the insurance industry. Key benefits include gaining valuable customer insights from analyzing 100% of customer interactions, understanding root causes of customer dissatisfaction, and improving customer satisfaction and business outcomes. Speech analytics plays a pivotal role in assessing compliance and identifying areas for improvement. Uniphore's auMina product provides over 80 international language support, 300+ customized reports, and valuable insights to help insurance companies improve operational efficiencies, sales, agent training, and reduce costs.
Insurers today, big and small, are facing disruption due to the increasing deployment of InsurTech technologies and by engaging EY, insurers stand to reap benefits of the latest innovations and insurance products, capitalize on new markets as well as future-proof business for with the help of EY's expertise in this sector.
The document discusses opportunities in the trillion dollar global insurance market as new digital users and technologies emerge. It introduces Coverplus, an end-to-end solution that enables insurance providers to develop and distribute embedded insurance products digitally to meet rising customer expectations. The goal of Coverplus is to close the large insurance protection gap in Southeast Asia by promoting innovative embedded insurance solutions that make coverage more accessible and relevant.
Thabo Ndlela- Leveraging AI for enhanced Customer Service and Experienceitnewsafrica
The document provides an overview of Accenture's capabilities for leveraging AI to enhance customer service and experience. It discusses challenges facing contact centers like increasing volumes, talent shortages, and legacy technology issues. It also covers key customer trends like the explosion of AI/chat and the blurring of online and offline channels. The presentation proposes using generative AI to transform customer journeys and reimagine interactions through proactive outreach, conversational analytics, and virtual agent design.
Webinar: Digital Marketing in China - Compare, contrast, and learn?The Digital Insurer
Digital marketing in China-
Compare, contrast & learn?
18th march, 2021
The document discusses digital marketing trends in China, including the rise of live streaming and social media platforms like WeChat for marketing. It highlights tools like live streaming, short videos, and messaging as effective digital marketing approaches in China. Industry perspectives on opportunities in digital transformation and the importance of trust in digital marketing are also covered.
Hubb is an insurtech startup that provides commercial insurance for small and medium enterprises (SMEs) through a fully digital and highly automated process. It aims to disrupt the traditional broking market by offering more transparent, cost-effective insurance with a superior customer experience. Hubb has experienced rapid growth in its first 18 months of operation, insuring over 1,400 customers with £18 million in gross written premiums. It utilizes artificial intelligence, data science, and a recent acquisition of another insurtech company to automate processes and scale efficiently while reducing insurance costs for SMEs by up to 30%.
A.T. Kearney: Positioning for the Telematics Tipping PointbengillTU
Here is one of the keynote presentations from the hugely successful Insurance Telematics USA 2010.
During the presentation, two Vice Presidents from A.T. Kearney answer the following questions:
- How will the insurance telematics market evolve in the next 3-5 years?
- What are the implications for insurance companies?
- How should insurance companies position themselves for success in the face of uncertainty?
To view the presentation WITH AUDIO then click here:
http://www.telematicsupdate.com/insurance-telematics/presentations.shtml
Created an insurance claim management pitch deck. The problem, Solution, competitive analysis, marketing analysis, Financial analysis, roadmap, and GTM.
Contrive Datum Insights (CDI) is a market intelligence company that provides global business reports and consulting services. They offer syndicated reports and custom market research covering various industries. Their team of analysts use tools and techniques to gather and analyze information from proprietary data sources. CDI provides forward-looking insights to help businesses make strategic decisions and sustain a competitive advantage. They serve global clients across industries like chemicals, technology, healthcare and more.
FendBend.AI Digital Claims Admin Fintech (Insurtech) Business Pitch @DVHacksVenkat Chandra ("VC")
This is partial pitch material from a recent Artificial Intelligence Business Idea Hackathon (Nov-2018) at BCG Digital Ventures (DV hacks) , Manhattan Beach, California
The document discusses how companies are increasingly investing in big data and artificial intelligence. It provides examples of how AI can be used to improve customer service, predict customer loyalty, detect fraud patterns, and optimize container shipping logistics. The document also outlines Teradata's expertise in AI and how they help customers apply AI/ML techniques to solve business problems across many industries.
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Customer Engagement Solutions Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Customer Engagement Solutions Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner.
1. Client is an online insurance platform that empowers insurance advisors and identifies appropriate insurance policies for consumers. It has over 1.5 million customers and 235,000 advisors.
2. Client has a lean operational model using a PoSP model where advisors are paid only on commission, leading to positive unit economics and profitability.
3. Client is well positioned compared to peers due to its focus on empowering advisors through technology and competitive commissions. This large advisor network and focus on trust has led to strong growth and profitability.
Stand on the Sidelines, or Boost Competitiveness? How to Make Bold Moves on t...Accenture Insurance
Sweeping changes across consumer behavior, technology innovations and big data are reshaping traditional insurance business models and what it takes to compete. The most successful insurers are the ones that will proactively adapt their game plan to the evolving environment and rules of competition. This piece explores three strategies to better position insurers for the future.
In the year 2014, while e-commerce was majorly a business-to-consumer (B2C) game a platform best constructed for consumer brands and retail transactions, business-to-business (B2B) was barely on the limelight. B2B ordering solutions were very few, pricey, and complex in nature. Because of this, it was difficult for small wholesale distributors and retailers to implement B2B ordering solutions in their businesses.
CWIN17 New-York / insurance spotlight building the digital coreCapgemini
The document summarizes key points from an insurance industry report and discusses the need for insurers to adopt a "digital mindset". The summary is:
The insurance industry is undergoing profound changes due to new technologies, customer expectations, and business models. A recent report found customers increasingly demand digital services from insurers. However, traditional insurers are struggling to keep pace with digital insurers and insurtech firms. To remain competitive, insurers must adopt a "digital mindset" focused on using data to improve the customer experience, operational efficiency, and developing new offerings.
Insurance digital transformation - key challengesArif Mohammed
This document discusses digital transformation in the insurance industry. It outlines key challenges such as integrating different data sources, building data and analytics structures, and driving process efficiency. It also discusses trends like software as a service platforms and data analytics. The next phase of challenges for insurers and insurtech companies are identified as integrating diverse data sources, building consistent data usage, and addressing technical skills gaps. The action plan involves identifying partnership opportunities, conducting maturity assessments, prioritizing investments, and establishing an internal and external digital transformation plan.
Digitizing Insurance - A Whitepaper by RapidValue SolutionsRadhakrishnan Iyer
This document discusses how insurance companies can digitize their legacy systems to adopt modern technologies. It defines digitalization as shifting to electronic channels while balancing traditional practices. Insurers must modernize to drive growth amid rising customer expectations. Technical challenges include outdated, siloed legacy systems that are difficult to integrate and scale. The document recommends insurers establish a digital center of excellence, consult digital partners, assess technologies and identify gaps, target areas and users, and develop strategic IT initiatives to orchestrate their digital transformation.
FWD is using AI across its business to modernize its data architecture and provide intelligent customer experiences. It has developed several AI models including an AI claims processing engine that can approve claims quicker and more accurately, an AI next best offer model that improves upsell/cross-sell conversion rates, and AI lapse prevention models that predict lapses and target customers for retention programs. The company has also implemented successful AI-powered winback campaigns in Thailand and the Philippines that identify former customers most likely to reinstate policies and convert them at higher rates.
Webinar | Customer engagement on conversational platformsPowerup
Conversational AI in enterprises can provide the following benefits -
· Increased Engagement – Multiple customers can be managed across multiple touch points using a single solution
· Personalized Customer Service – Platform that can tailor communication-based on historical data of the customer
· Ownership of the data – Enterprises can own the conversational data to help understand the customer life cycle and improve business
· Cost Savings – A multi-faceted conversational AI solution cut down cost up to 30% in customer support
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...JK Tech
Digitization is considered as the next step-change that will have a bigger impact on businesses than even the internet. To win in the digital journey, companies must act now, or be left behind wondering what happened!
In this webinar series, JKT Smart Analytics demonstrates how they empower their customers to create maximum business value out of this eminent Digital data explosion through digital business empowerment by leveraging the digitization to increase their top-line revenue – customer experience, optimize the bottom-line costs – operational efficiency, enhancing the safety factor and reinventing the business process in line with the changing world.
This webinar is focused on how our AI-based text analytics solutions – First, JKT Social Media Radar; a SaaS-based AI NLP Platform, helping organizations to gain insights on market and customer perceptions on their brands, products & services. Secondly, Sales Promotion Recommendation Engine helps customers to enhance their top-line growth and streamline the bottom-line costs.
KEY TAKEAWAYS:
1) How should a business plan their journey through the Digital data revolution?
2) How can a company make use of digital data to create effective data strategies for the increased outcome(s)?
3) How IT practitioners can catalyst the digital data mining journey and attract business adoption?
4) JKT Social Media Radar solution – What, Why, Supporting Business applications, and more.
5) How can companies reduce operational costs by automating human effort-intensive tasks using cognitive Analytics?
At Alpha, we have following business priorities that our executives are trying to solve:
1. Can Alpha be the Transformation Pioneer in modernising Digital Banking?
Disruptions in the business landscape and the impact of technology are compelling banks to shift to innovative business models, while delivering superior experience with agility. Banks are challenged majorly on two fronts. On one hand, the changing customer expectations and the entry of innovative players in the market are driving them to be highly competitive to stay relevant. On the other hand, new regulations are striving for changes that promote more competition and collaboration in the ecosystem. They have created an undeniable need for the payment architecture and banking services to be highly flexible and efficient.
The team at Alpha constantly innovates and works towards shaping the future in payments, digital channels, credit services, digital core, and commercial and corporate banking. How can the team ensure growth and market leadership in the sector?
2. How can Alpha foray into consulting industry and become amongst the top 10 consulting companies in the next 5-10 years?
The pandemic has forced several sectors to adopt new ways of working. Even the primarily client-driven consulting sector has had to adapt to new methods of service, structure, technology and operation.The upcoming years will be all about going digital. Artificial Intelligence would be used to process, handle and analyse huge amounts of data efficiently and faster.
The task for Consulting firms therefore, would be to add value to their clients by using analytical tools and offer quantifiable results, combining the domain knowledge of SMEs with technology to provide products and solutions.
The team at Alpha wants to leverage its long drawn domain expertise and serve its client to become the most sought after consulting firms in the world.
The Singapore FinTech Consortium - Introduction to InsurTechFinTech Consortium
When you hear of “insurance”, the words “innovation” and “technology” would not come to mind intuitively – but they should now. At this day and age, insurance technology has the potential to affect nearly every essential insurance function, ranging from distribution methods to actuarial number crunching. InsurTech is now being implemented across every stage of the insurance value chain.
InsurTech 2016 Conference is a global gathering of the world's leading thinkers and doers in Insurance innovations and technology. It's a gathering of the planet's businesses, large and small, who are being impacted by new innovations to want to meet the demands of the insurance market.
This year, over 300 attendees will make the trip from all corners of the globe to hear from 80 industry thought leaders who will deliver the knowledge you're looking for to succeed in this arena.
InsurTech 2016 will assure that you meet the top insurance and technology professionals - leading 22 interactive and insightful sessions across all the insurtech spectrum, including:
Digital distribution channel
Blockchain
Data Analytics
Wealth Management
IoT & Telematics
Auto Tech
Health Tech & Wearables
Book your delegate ticket now for additional 15% Discount @ http://bit.ly/2bmXVxG
A Capability Model for Driving Customer Engagement in a Connected WorldAcxiom Corporation
This presentation outlines a capability model for driving customer engagement in a connected world. It discusses transforming marketing processes, customer data, infrastructure and analytics to integrate marketing platforms, enable real-time updates and optimize offers across channels. Case studies show tech firms increasing revenue 15-30% and banks improving earnings. A panel discusses applying the model. The goal is improved spend efficiency, acquisition, data use and speed through trigger-based, cross-channel interactions.
Reshaping Underwriting Landscape With Focussing On CX – WhitepaperIndusNetMarketing
80% of customers lost interest in buying life insurance due to the poor underwriting process. These top 3 strategic solutions are imperative to enhance CX.
An experienced team has created Anorak to address the large £2.4 trillion protection gap in the UK. Anorak uses data science and machine learning to provide automated insurance advice through online platforms. This solves issues with traditional distribution channels and high compliance costs by analyzing user data and risk exposure to recommend tailored protection solutions. Anorak aims to make insurance accessible and easy to understand for all customers.
Created an insurance claim management pitch deck. The problem, Solution, competitive analysis, marketing analysis, Financial analysis, roadmap, and GTM.
Contrive Datum Insights (CDI) is a market intelligence company that provides global business reports and consulting services. They offer syndicated reports and custom market research covering various industries. Their team of analysts use tools and techniques to gather and analyze information from proprietary data sources. CDI provides forward-looking insights to help businesses make strategic decisions and sustain a competitive advantage. They serve global clients across industries like chemicals, technology, healthcare and more.
FendBend.AI Digital Claims Admin Fintech (Insurtech) Business Pitch @DVHacksVenkat Chandra ("VC")
This is partial pitch material from a recent Artificial Intelligence Business Idea Hackathon (Nov-2018) at BCG Digital Ventures (DV hacks) , Manhattan Beach, California
The document discusses how companies are increasingly investing in big data and artificial intelligence. It provides examples of how AI can be used to improve customer service, predict customer loyalty, detect fraud patterns, and optimize container shipping logistics. The document also outlines Teradata's expertise in AI and how they help customers apply AI/ML techniques to solve business problems across many industries.
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Customer Engagement Solutions Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Customer Engagement Solutions Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner.
1. Client is an online insurance platform that empowers insurance advisors and identifies appropriate insurance policies for consumers. It has over 1.5 million customers and 235,000 advisors.
2. Client has a lean operational model using a PoSP model where advisors are paid only on commission, leading to positive unit economics and profitability.
3. Client is well positioned compared to peers due to its focus on empowering advisors through technology and competitive commissions. This large advisor network and focus on trust has led to strong growth and profitability.
Stand on the Sidelines, or Boost Competitiveness? How to Make Bold Moves on t...Accenture Insurance
Sweeping changes across consumer behavior, technology innovations and big data are reshaping traditional insurance business models and what it takes to compete. The most successful insurers are the ones that will proactively adapt their game plan to the evolving environment and rules of competition. This piece explores three strategies to better position insurers for the future.
In the year 2014, while e-commerce was majorly a business-to-consumer (B2C) game a platform best constructed for consumer brands and retail transactions, business-to-business (B2B) was barely on the limelight. B2B ordering solutions were very few, pricey, and complex in nature. Because of this, it was difficult for small wholesale distributors and retailers to implement B2B ordering solutions in their businesses.
CWIN17 New-York / insurance spotlight building the digital coreCapgemini
The document summarizes key points from an insurance industry report and discusses the need for insurers to adopt a "digital mindset". The summary is:
The insurance industry is undergoing profound changes due to new technologies, customer expectations, and business models. A recent report found customers increasingly demand digital services from insurers. However, traditional insurers are struggling to keep pace with digital insurers and insurtech firms. To remain competitive, insurers must adopt a "digital mindset" focused on using data to improve the customer experience, operational efficiency, and developing new offerings.
Insurance digital transformation - key challengesArif Mohammed
This document discusses digital transformation in the insurance industry. It outlines key challenges such as integrating different data sources, building data and analytics structures, and driving process efficiency. It also discusses trends like software as a service platforms and data analytics. The next phase of challenges for insurers and insurtech companies are identified as integrating diverse data sources, building consistent data usage, and addressing technical skills gaps. The action plan involves identifying partnership opportunities, conducting maturity assessments, prioritizing investments, and establishing an internal and external digital transformation plan.
Digitizing Insurance - A Whitepaper by RapidValue SolutionsRadhakrishnan Iyer
This document discusses how insurance companies can digitize their legacy systems to adopt modern technologies. It defines digitalization as shifting to electronic channels while balancing traditional practices. Insurers must modernize to drive growth amid rising customer expectations. Technical challenges include outdated, siloed legacy systems that are difficult to integrate and scale. The document recommends insurers establish a digital center of excellence, consult digital partners, assess technologies and identify gaps, target areas and users, and develop strategic IT initiatives to orchestrate their digital transformation.
FWD is using AI across its business to modernize its data architecture and provide intelligent customer experiences. It has developed several AI models including an AI claims processing engine that can approve claims quicker and more accurately, an AI next best offer model that improves upsell/cross-sell conversion rates, and AI lapse prevention models that predict lapses and target customers for retention programs. The company has also implemented successful AI-powered winback campaigns in Thailand and the Philippines that identify former customers most likely to reinstate policies and convert them at higher rates.
Webinar | Customer engagement on conversational platformsPowerup
Conversational AI in enterprises can provide the following benefits -
· Increased Engagement – Multiple customers can be managed across multiple touch points using a single solution
· Personalized Customer Service – Platform that can tailor communication-based on historical data of the customer
· Ownership of the data – Enterprises can own the conversational data to help understand the customer life cycle and improve business
· Cost Savings – A multi-faceted conversational AI solution cut down cost up to 30% in customer support
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...JK Tech
Digitization is considered as the next step-change that will have a bigger impact on businesses than even the internet. To win in the digital journey, companies must act now, or be left behind wondering what happened!
In this webinar series, JKT Smart Analytics demonstrates how they empower their customers to create maximum business value out of this eminent Digital data explosion through digital business empowerment by leveraging the digitization to increase their top-line revenue – customer experience, optimize the bottom-line costs – operational efficiency, enhancing the safety factor and reinventing the business process in line with the changing world.
This webinar is focused on how our AI-based text analytics solutions – First, JKT Social Media Radar; a SaaS-based AI NLP Platform, helping organizations to gain insights on market and customer perceptions on their brands, products & services. Secondly, Sales Promotion Recommendation Engine helps customers to enhance their top-line growth and streamline the bottom-line costs.
KEY TAKEAWAYS:
1) How should a business plan their journey through the Digital data revolution?
2) How can a company make use of digital data to create effective data strategies for the increased outcome(s)?
3) How IT practitioners can catalyst the digital data mining journey and attract business adoption?
4) JKT Social Media Radar solution – What, Why, Supporting Business applications, and more.
5) How can companies reduce operational costs by automating human effort-intensive tasks using cognitive Analytics?
At Alpha, we have following business priorities that our executives are trying to solve:
1. Can Alpha be the Transformation Pioneer in modernising Digital Banking?
Disruptions in the business landscape and the impact of technology are compelling banks to shift to innovative business models, while delivering superior experience with agility. Banks are challenged majorly on two fronts. On one hand, the changing customer expectations and the entry of innovative players in the market are driving them to be highly competitive to stay relevant. On the other hand, new regulations are striving for changes that promote more competition and collaboration in the ecosystem. They have created an undeniable need for the payment architecture and banking services to be highly flexible and efficient.
The team at Alpha constantly innovates and works towards shaping the future in payments, digital channels, credit services, digital core, and commercial and corporate banking. How can the team ensure growth and market leadership in the sector?
2. How can Alpha foray into consulting industry and become amongst the top 10 consulting companies in the next 5-10 years?
The pandemic has forced several sectors to adopt new ways of working. Even the primarily client-driven consulting sector has had to adapt to new methods of service, structure, technology and operation.The upcoming years will be all about going digital. Artificial Intelligence would be used to process, handle and analyse huge amounts of data efficiently and faster.
The task for Consulting firms therefore, would be to add value to their clients by using analytical tools and offer quantifiable results, combining the domain knowledge of SMEs with technology to provide products and solutions.
The team at Alpha wants to leverage its long drawn domain expertise and serve its client to become the most sought after consulting firms in the world.
The Singapore FinTech Consortium - Introduction to InsurTechFinTech Consortium
When you hear of “insurance”, the words “innovation” and “technology” would not come to mind intuitively – but they should now. At this day and age, insurance technology has the potential to affect nearly every essential insurance function, ranging from distribution methods to actuarial number crunching. InsurTech is now being implemented across every stage of the insurance value chain.
InsurTech 2016 Conference is a global gathering of the world's leading thinkers and doers in Insurance innovations and technology. It's a gathering of the planet's businesses, large and small, who are being impacted by new innovations to want to meet the demands of the insurance market.
This year, over 300 attendees will make the trip from all corners of the globe to hear from 80 industry thought leaders who will deliver the knowledge you're looking for to succeed in this arena.
InsurTech 2016 will assure that you meet the top insurance and technology professionals - leading 22 interactive and insightful sessions across all the insurtech spectrum, including:
Digital distribution channel
Blockchain
Data Analytics
Wealth Management
IoT & Telematics
Auto Tech
Health Tech & Wearables
Book your delegate ticket now for additional 15% Discount @ http://bit.ly/2bmXVxG
A Capability Model for Driving Customer Engagement in a Connected WorldAcxiom Corporation
This presentation outlines a capability model for driving customer engagement in a connected world. It discusses transforming marketing processes, customer data, infrastructure and analytics to integrate marketing platforms, enable real-time updates and optimize offers across channels. Case studies show tech firms increasing revenue 15-30% and banks improving earnings. A panel discusses applying the model. The goal is improved spend efficiency, acquisition, data use and speed through trigger-based, cross-channel interactions.
Reshaping Underwriting Landscape With Focussing On CX – WhitepaperIndusNetMarketing
80% of customers lost interest in buying life insurance due to the poor underwriting process. These top 3 strategic solutions are imperative to enhance CX.
An experienced team has created Anorak to address the large £2.4 trillion protection gap in the UK. Anorak uses data science and machine learning to provide automated insurance advice through online platforms. This solves issues with traditional distribution channels and high compliance costs by analyzing user data and risk exposure to recommend tailored protection solutions. Anorak aims to make insurance accessible and easy to understand for all customers.
Semelhante a Finology Group – Insurtech Innovation Award 2024 (20)
Pushing the limits of ePRTC: 100ns holdover for 100 daysAdtran
At WSTS 2024, Alon Stern explored the topic of parametric holdover and explained how recent research findings can be implemented in real-world PNT networks to achieve 100 nanoseconds of accuracy for up to 100 days.
Dr. Sean Tan, Head of Data Science, Changi Airport Group
Discover how Changi Airport Group (CAG) leverages graph technologies and generative AI to revolutionize their search capabilities. This session delves into the unique search needs of CAG’s diverse passengers and customers, showcasing how graph data structures enhance the accuracy and relevance of AI-generated search results, mitigating the risk of “hallucinations” and improving the overall customer journey.
Generative AI Deep Dive: Advancing from Proof of Concept to ProductionAggregage
Join Maher Hanafi, VP of Engineering at Betterworks, in this new session where he'll share a practical framework to transform Gen AI prototypes into impactful products! He'll delve into the complexities of data collection and management, model selection and optimization, and ensuring security, scalability, and responsible use.
Full-RAG: A modern architecture for hyper-personalizationZilliz
Mike Del Balso, CEO & Co-Founder at Tecton, presents "Full RAG," a novel approach to AI recommendation systems, aiming to push beyond the limitations of traditional models through a deep integration of contextual insights and real-time data, leveraging the Retrieval-Augmented Generation architecture. This talk will outline Full RAG's potential to significantly enhance personalization, address engineering challenges such as data management and model training, and introduce data enrichment with reranking as a key solution. Attendees will gain crucial insights into the importance of hyperpersonalization in AI, the capabilities of Full RAG for advanced personalization, and strategies for managing complex data integrations for deploying cutting-edge AI solutions.
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
In the rapidly evolving landscape of technologies, XML continues to play a vital role in structuring, storing, and transporting data across diverse systems. The recent advancements in artificial intelligence (AI) present new methodologies for enhancing XML development workflows, introducing efficiency, automation, and intelligent capabilities. This presentation will outline the scope and perspective of utilizing AI in XML development. The potential benefits and the possible pitfalls will be highlighted, providing a balanced view of the subject.
We will explore the capabilities of AI in understanding XML markup languages and autonomously creating structured XML content. Additionally, we will examine the capacity of AI to enrich plain text with appropriate XML markup. Practical examples and methodological guidelines will be provided to elucidate how AI can be effectively prompted to interpret and generate accurate XML markup.
Further emphasis will be placed on the role of AI in developing XSLT, or schemas such as XSD and Schematron. We will address the techniques and strategies adopted to create prompts for generating code, explaining code, or refactoring the code, and the results achieved.
The discussion will extend to how AI can be used to transform XML content. In particular, the focus will be on the use of AI XPath extension functions in XSLT, Schematron, Schematron Quick Fixes, or for XML content refactoring.
The presentation aims to deliver a comprehensive overview of AI usage in XML development, providing attendees with the necessary knowledge to make informed decisions. Whether you’re at the early stages of adopting AI or considering integrating it in advanced XML development, this presentation will cover all levels of expertise.
By highlighting the potential advantages and challenges of integrating AI with XML development tools and languages, the presentation seeks to inspire thoughtful conversation around the future of XML development. We’ll not only delve into the technical aspects of AI-powered XML development but also discuss practical implications and possible future directions.
GridMate - End to end testing is a critical piece to ensure quality and avoid...ThomasParaiso2
End to end testing is a critical piece to ensure quality and avoid regressions. In this session, we share our journey building an E2E testing pipeline for GridMate components (LWC and Aura) using Cypress, JSForce, FakerJS…
GraphSummit Singapore | The Future of Agility: Supercharging Digital Transfor...Neo4j
Leonard Jayamohan, Partner & Generative AI Lead, Deloitte
This keynote will reveal how Deloitte leverages Neo4j’s graph power for groundbreaking digital twin solutions, achieving a staggering 100x performance boost. Discover the essential role knowledge graphs play in successful generative AI implementations. Plus, get an exclusive look at an innovative Neo4j + Generative AI solution Deloitte is developing in-house.
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2. Insurance is a trillion dollar market
with plenty of growth opportunities
Global Market
Forecast
by 2028
US$ 9.91
Trillion
Global Gross Written
Premiums
Source:
• Statista Market Insights
• Market Research Report: Global Insurance IT Spending Market
IT Spending
Forecast by 2028
US$ 668.1
Billion
Non-Life
US$ 5.99
Trillion
Life
US$ 3.92
Trillion
3. The most valuable area in which insurers
can innovate is the use of artificial intelligence (AI)
Source: www.precendenceresearch.com
● Current Market Size: Estimated at USD
4.59 billion in 2022.
● Projected Market Size: Expected to reach
USD 79.86 billion by 2032.
● Growth Rate: Anticipated CAGR of
33.06% from 2023 to 2032.
Key Points:
● Significant Market Expansion: From 2022
to 2032, the AI in insurance market is
poised to experience substantial growth,
reflecting its increasing importance within
the industry.
● Rapid Growth Rate: With a projected
CAGR of 33.06%, the market is set for
rapid expansion over the next decade,
presenting considerable opportunities for
stakeholders.
● Implications for Innovation: This growth
trajectory underscores the pivotal role of
AI in shaping the future of insurance,
driving innovation, efficiency, and
customer experience enhancements.
Artificial Intelligence (AI) in Insurance Market Size,
2022 - 2032 (USD Billion)
4. The Impact of AI Implementation in the Front Office (Customer-facing)
Source: Autonomous NEXT Report
Experts estimate AI can save insurers a total
of US$390 billion across front, middle, and
back offices by 2030.
Front office identified as the most profitable
area, with a potential savings of US$168
billion by 2030.
By prioritising AI initiatives in the front office,
insurers can maximise savings and operational
efficiencies, leading to enhanced profitability
and customer satisfaction.
AI Usage in Insurance:
Size of Cost Savings Opportunity
5. The State Of Customer Service Market
of insurance customers
seek personalised offers,
messages, pricing, and
recommendations from
their providers
(Accenture)
of insurance companies
have already adopted or
are testing AI solutions
(Moody)
of customers don’t fully
trust their insurer (IBM
Institute of Business
Value)
of customers state that
they decide to make a
purchase based on the
quality of a company’s
customer service
(Salesforce)
of customers across all
age groups typically use
the phone to reach out to
a service team(Zendesk)
of CX leaders see AI as a
strategic necessity
(Zendesk)
6. Bridging The Gap:
The Role of Finology in AI CX Innovation
is an AI-powered conversational bot that
handles monotonous parts of
telemarketing/call centres, freeing human
agents to focus on complex issues such as
decision-making and sales closing.
AI-based ID
Validation & Facial
Recognition
INTELLIGENT
PROCESSIN
G
10. The Uniqueness of Voicebot by Finology
Finology Others
Ready to engage in Manglish & Bahasa Malaysia, and
to understand abbreviations and local accents
Able to manage English engagement, but not Bahasa
Malaysia nor Manglish
Able to ask questions and provide options when the
intent of engagement is unclear - programmable fall
back based on your business requirements
Escalates to human agent when intent of engagement
is unclear
Supported by local solution and dialogue engineers
who understands local market requirements and
customers engagement expectations
Supported by System Integrators and non-native bot
trainers
Solution that are ready for both On-Premise & Cloud
deployments, with ready integration with CRM and
Customer Engagement Solution
Offered as a service on Cloud only
11. The Impact: A Win-Win Scenario for Insurers and Customers
Insurers Customers
Enhanced Customer
Service
Improved response times, 24/7 availability
through AI-driven solutions
Convenient access to information and
support anytime, anywhere
Cost Savings
Reduction in operational costs through
automation and efficiency gains
Potentially lower premiums, as cost
savings may be passed on to
customers
Competitive Advantage
Differentiation in the market by offering
superior customer service and efficiency
Increased satisfaction and loyalty,
potentially leading to retention and
acquisition
Personalised Experience
Tailored responses based on individual
preferences and history
Customised recommendations and
solutions based on unique needs
Faster Service
Expedited claims processing and resolution
of queries
Reduced wait times and faster
resolution of issues
12. Thank You
Any questions? Find us at:
Thank You
Nisya Aziz
nisya.aziz@finology-group.com
+6017 306 0337
Senior Manager, Marketing & Communications
Vincent Xu
vincent.xu@finology-group.com
+6016 358 2486
Group Chief Operating Officer