Every spring, top executives and thought leaders from the insurance industry gather in London to discuss technological advancements and innovation trends. For the second year in a row, generative AI dominated the conversation. While the pace of adoption varies widely...
How your AI Initiatives Can Draw Inspiration From an Old Greek Fable. Artificial intelligence has thrown the enterprise world into a state of frenzy: AI projects are mushrooming, holding C-levels and IT budgets hostage. The block of hardliners still resisting the...
What makes you ecologically responsible nowadays? Well, there are some no-brainers most of us have assimilated, like turning off the tap while brushing your teeth, buying locally grown vegetables and fruits, or using a bike or public transportation instead of a car...
In the first half of 2024, we attended several conferences to discuss about the expectations and needs of the insurance industry concerning business priorities and new technologies. Two terms consistently dominated the discussions: AI and resilience. On one hand,...
Insurance companies are not immune to the hype surrounding generative AI. According to a Gartner survey, 70% of insurers plan to implement generative AI projects within the next three years. Numerous projects with large language models (LLMs) are being launched – all...
Das 2024 Insurance Forum Austria (IFA) in Stegersbach bot hochrangigen Vertretern aus der Versicherungsbranche eine interaktive Platform, um sich über strategische Herausforderungen, Marktentwicklungen und neue Geschäftsmodelle auszutauschen. Zwei Begriffe dominierten...
Estimates regarding the time employees spend searching for information can range from a few minutes to several hours per week – a recent survey shows that knowledge workers spend at least 2 hours every day looking for documents they need. The time spent searching for...
In an era of rapid technological advancements, digital insurance is no longer enough. To thrive in the future, insurers must transform into intelligent entities that take a more aggressive approach to emerging technologies and dare to innovate. Intelligent insurance...
The insurance industry continues to transform as the pace of technology advances at lightning speed. Cloud computing and Artificial Intelligence (AI), underpinned by the pandemic-induced acceleration of digital transformation, have given rise to the growth of...
Kann Künstliche Intelligenz (KI) einen Rechtsanwalt ersetzen? Natürlich nicht. Kann sie die Arbeit einer Rechtsabteilung erleichtern und dem Unternehmen Wettbewerbsvorteile bringen? Definitiv – aber unter bestimmten Voraussetzungen. Immer mehr Unternehmen, die mit...
For any company dealing with large quantities of information, finding an effective Intelligent Document Processing (IDP) solution is a great opportunity to improve process efficiencies, reduce costs and increase margins. However, IDP is a large bucket that encompasses...
Various industry estimates put the cost of inefficient contracting anywhere from 5% to 40% of the total contract value. These costs come from the time spent in researching terms and conditions to make sure new contracts are consistent with standard practices, or from...
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