Claims leakage is an all too familiar issue for insurance companies. On the surface, the biggest impact of claims leakage is the loss of revenue from potentially overpaying a claim…
Processing an insurance claim appears, on the surface, to be an orderly, linear process. First a claim is investigated, then it’s evaluated, and lastly, it’s settled. Despite this apparently orderly…
Artificial intelligence (AI) is poised companies to meet the future head-on. “From the mundane to the breathtaking, artificial intelligence is already disrupting virtually every business process in every industry. As…
Fintech Today curates the latest news and trends in the financial technology industry including the insuretech sector. In this roundup, we focus on the use of artificial intelligence to improve…
Each time a natural disaster strikes in a community, policy holders start the process of what can be a lengthy claims process. While many claims are resolved in a timely…
The way in which a life insurance policy has been underwritten has remained largely unchanged over the last half century. But according to industry experts, that’s about to change. The…