Artificial Intelligence Archives - Life Insurance International

Demand for AI error insurance grows

GlobalDataFinancialServices — Mon, 19 May 2025 16:00:16 +0000

A GlobalData poll conducted on Life Insurance International in Q1/Q2 2024 explored the appetite among business executives for several insurance products.

The post Demand for AI error insurance grows appeared first on Life Insurance International.

CCC to integrate EvolutionIQ AI tech into auto casualty suite

vidhyamunnangi — Thu, 01 May 2025 07:53:27 +0000

Medhub for Casualty will be the first in a series of planned offerings to use EvolutionIQ's claims guidance.

The post CCC to integrate EvolutionIQ AI tech into auto casualty suite appeared first on Life Insurance International.

AI-driven insurtech company Klaimy secures €1.2m

vidhyamunnangi — Tue, 15 Apr 2025 14:04:26 +0000

The investment was led by Insurtech Gateway, with participation from U-Investors, Tenity and angel investors.

The post AI-driven insurtech company Klaimy secures €1.2m appeared first on Life Insurance International.

Nirvana Insurance lands $80m Series C funding

vidhyamunnangi — Tue, 11 Mar 2025 09:42:55 +0000

Nirvana will use the capital to support further technological growth and market expansion in commercial fleet insurance.

The post Nirvana Insurance lands $80m Series C funding appeared first on Life Insurance International.

LexisNexis rolls out AI-driven property survey tool for insurers

vidhyamunnangi — Fri, 28 Feb 2025 14:58:45 +0000

Flyreel for Claims is a consumer-driven survey tool that facilitates the property claims inspection process for homeowners.

The post LexisNexis rolls out AI-driven property survey tool for insurers appeared first on Life Insurance International.

Falcon Insurance Group adopts Liberate Voice AI FNOL

vidhyamunnangi — Wed, 26 Feb 2025 09:32:03 +0000

The initial phase of Falcon's Liberate Voice AI FNOL implementation is scheduled to commence in early March.

The post Falcon Insurance Group adopts Liberate Voice AI FNOL appeared first on Life Insurance International.

Finders and Dnotitia partner to apply AI in insurance data analysis

vidhyamunnangi — Tue, 25 Feb 2025 15:31:24 +0000

This tie-up is expected to refine risk evaluation and underwriting processes for insurers by utilising AI-optimised models.

The post Finders and Dnotitia partner to apply AI in insurance data analysis appeared first on Life Insurance International.

Waterdrop integrates DeepSeek to enhance insurance services

vidhyamunnangi — Fri, 21 Feb 2025 09:38:00 +0000

Using advanced AI models, Waterdrop's AI Insurance Expert now supports multimodal interactions including voice and text.

The post Waterdrop integrates DeepSeek to enhance insurance services appeared first on Life Insurance International.

AI appeal in insurance ‘mainly about the speed of service to consumers’

Stu Robarts — Mon, 17 Feb 2025 11:10:30 +0000

Many consumers are open to the use of AI in insurance for improving the speed of contacting providers and resolving issues.

The post AI appeal in insurance ‘mainly about the speed of service to consumers’ appeared first on Life Insurance International.

Lack of expertise is biggest challenge for insurers in implementing AI

GlobalDataFinancialServices — Wed, 12 Feb 2025 14:54:00 +0000

To bridge the customer knowledge gap and build trust, insurers should focus on transparency and clear communication regarding AI-driven decision-making.

The post Lack of expertise is biggest challenge for insurers in implementing AI appeared first on Life Insurance International.