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How Financial Services and Insurance Streamline AI Initiatives with a Hybrid Data Platform

Cloudera

With the emergence of new creative AI algorithms like large language models (LLM) fromOpenAI’s ChatGPT, Google’s Bard, Meta’s LLaMa, and Bloomberg’s BloombergGPT—awareness, interest and adoption of AI use cases across industries is at an all time high. The reality of LLMs and other “narrow” AI technologies is that none of them is turn-key.

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Why Data Governance is Essential for the Insurance Industry

Alation

The foundation of insurance is data and analytics. Actuaries and their mathematical models enable insurers to calculate risk to determine premiums. Today, the rise of digital insurance companies and the changing risk landscape together drive the industry’s digital transformation. Why is it Important?

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6 Ways AI Is Taking The Insurance Industry Into The Future

bridgei2i

6 Ways AI Is Taking The Insurance Industry Into The Future. For example, the insurance industry is witnessing a strong acceleration in the adoption and growth of AI for task automation, improvement of service quality, and data-driven decision making. Insurance is a resource-intensive field. Claim Handling. Underwriting .

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Gartner D&A Summit Bake-Offs Explored Flooding Impact And Reasons for Optimism!

Rita Sallam

Are there mitigation strategies that show reasons for optimism? Are there mitigation strategies that can be implemented successfully that could provide policy guidance and reasons for optimism in the face of ever increasing frequency of extreme weather events?

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Gartner D&A Summit Bake-Offs in London 2023: Flooding Impact And Reasons for Optimism!

Rita Sallam

Are there mitigation strategies that show reasons for optimism? Are there mitigation strategies that can be implemented successfully that could provide policy guidance and reasons for optimism in the face of ever increasing frequency of extreme weather events?

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AI in the cloud pays dividends for Liberty Mutual

CIO Business Intelligence

Liberty Mutual’s cloud infrastructure runs an array of business applications and analytics dashboards that yield real-time insights and predictions, as well as machine learning models that streamline claims processing. Liberty Mutual’s data scientists employ Tableau and Python extensively to deploy models into production.

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Core Principles for Decision Management Success in Insurance Claims Handling

Decision Management Solutions

To keep processing costs low, many insurance carriers have a goal to increase the percentage of their claims that can be processed and decisioned with no human decision-making involved. Perhaps surprisingly, there remains a fair amount of human intervention involved in processing insurance claims. Design and build a decision model.