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'Conversational AI' is reinventing the insurance claims process

Insurance companies, meanwhile, are burnt by too many fraudulent claims and their first reaction is often a mixture of caution and suspicion. One mistake can affect ... process for the customers, ... read more

Explainer: How will the liquidation of Qudos impact Irish customers?

LAST WEEK, THE Danish insurance company Qudos announced that it was in the process ... here through Patrona, which provides administrative services for Qudos. About 50,000 Irish policyholders could be ... read more

Why Data Analytics In The Insurance Industry Is A Major Game Changer

Technology has had a profound impact ... insurance industry. Insurers are relying heavily on big data as the number of insurance policyholders also grow. Big data analytics can help solve a lot of ... read more

How Drones Will Impact Claims

He described four main areas of impact ... Claims settlements. New forms of insurance coverage for drones. Currently, the cost of sending adjusters to investigate accident scenes is high but could be ... read more

Here's how emerging technology is changing the claims process

Interestingly, adoption of these technologies does not appear to be happening equally across all functions of the insurance business. Most adoption is occurring within the underwriting and claims ... read more

Haven’t taken your insurance claim yet? Here’s how to get it

The insurance regulator has taken steps to make it easier for policyholders to identify unclaimed amounts and make a claim. Here’s how to go about it ... Insurers will process the payment only after ... read more

Health insurance alert! E-Meditek’s TPA licence cancelled by IRDAI; Here’s how you may be impacted

TPAs are the intermediaries between the insurance companies and the policyholder in the claims settlement process of health insurance policies ... The insurer has to ensure that it does not impact the ... read more

Disaster Recovery: Tips on How to Navigate the Claim, Recovery and Restoration Process

Claims Payment Questions to Ask Your Insurance Partner The claims process can be tricky to navigate, especially for major losses. Here are a few recommended questions to ask your insurance partner ... read more

Here’s what you need to know about filing Harvey-related insurance claims

While House Bill 1774 — which takes effect Friday — doesn’t impact the claims process, it does institute new provisions related to when a claimant files suit against an insurance company. Those ... read more

How Cyber Market Changes Will Impact Claims

Most notably, the value of catastrophic claims has risen leading to a steady increase in coverage size. He explained that a major breach in 2009 impacted shareholder value negatively for six months, ... read more

How To Find The Cheapest Renters Insurance (With The Help Of AI)

More and more people are buying renters insurance ... helping people through the process.” While Jetty may be more expensive in some markets, it makes up for it in other ways. One example is in the ... read more