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...
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...
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...
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...
In today’s hypercompetitive labor market, insurers are finding it increasingly difficult to attract and retain skilled workers. The combined forces of the “great resignation,” as employees re-evaluate their priorities, and the “great...
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...
McKinsey predicts that underwriting, as we know it today, will cease to exist by 2030 – at least, for most personal and small-business products in life, property and casualty insurance. The processes around risk assessment and policy writing are largely...
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...
In its recently published Hype Cycle for Digital Life and P&C Insurance, 2022, Gartner rates intelligent document processing (IDP) as one of the tech trends with the highest short-term benefits for the insurance industry. Yet, the market penetration is...
Lease abstraction is an important and critical part of many industries including commercial real estate, accounting, and legal. The process of extracting key and frequently used information within complex lease agreements into a concise easy to read summary, allows...
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