Insurance is undergoing a significant shift with the integration of claims automation software. At the heart of this revolution is the ability of claims automation software to turn vast amounts of raw, unstructured data into structured, actionable insights. This capability is critical for insurers who need to process claims quickly and accurately to stay competitive in a fast-evolving industry. By seamlessly integrating with existing claims management systems, AI-driven claims automation offers a robust solution that enhances decision-making and operational efficiency, setting a new standard i ..read more

The insurance industry is on the verge of a major transformation in the age of technology and data. In episode 44 of the Unstructured Unlocked podcast, InsTech’s Robin Merttens talks about this shift with Tom Wilde, CEO of Indico. In this conversation, they discuss the role of automation in streamlining insurance claims processing and underwriting and offer insights for insurers aiming to navigate these shifts. Listen to the full podcast here: Unstructured Unlocked episode 44 with Tom Wilde, Indico Data CEO, and Robin Merttens, Executive Chairman of InsTech    The imperative of ..read more

Automated underwriting in insurance has the potential to revolutionize the insurance provision process by streamlining its complexities. Its introduction signifies an innovative approach to leveraging technology for assessing risks. However, in this exciting new world of AI, it is crucial to examine what underwriting in insurance is to understand AI and how it can be used to support it. According to Insurance Thought Leadership, “87% of insurance carriers and TPAs said there is an ever-increasing need to inject innovative and highly configurable services into the claims intake and disseminatio ..read more

During the recent Insurtech Insights EU 2024 conference, Indico’s CEO, Tom Wilde, shared some insights into how AI is changing the game for insurance. Joined by other industry leaders, the panel explored critical themes, from AI-driven decision-making to managing emerging risks and ensuring regulatory compliance.   AI and decision-making   During the discussion, Wilde emphasized the insurance industry’s transition “from the data era to the decision era,” where the primary goal is to streamline decision-making processes. He detailed how AI facilitates this transition: “We sort of star ..read more

The insurance sector is undergoing a digital revolution driven by AI innovations, which are transforming industries at an unprecedented pace and replacing traditional manual processes and lengthy workflows. In the latest episode of Unstructured Unlocked, we dove deep into this topic with Sunil Rao, CEO of Tribble. We explored the innovations his company brings to technical sales and how these technologies are pivotal in reshaping the insurance industry and setting new standards for efficiency and customer service. Listen to the full podcast here: Unstructured Unlocked episode 43 with Sunil Rao ..read more

In the dynamically shifting terrain of today’s digital ecosystem, businesses are constantly looking for ways to increase efficiency and streamline their operations. This pursuit is crucial in an era where digital acceleration is becoming not just an advantage but a necessity. At the heart of this technological revolution lies intelligent document processing (IDP) software, a sophisticated blend of tools designed to empower businesses in managing, processing, and automating a diverse array of documents. The essence of IDP software is its ability to improve accuracy, velocity, and security in do ..read more

Thanks to the advent of claims automation, the landscape of insurance is undergoing a large-scale transformation. This new approach is not just changing the way we handle claims; it’s informing a new perspective on the claims processing journey as a whole. At the heart of this transformation are AI and machine learning algorithms. These technological advancements are deployed to sift through, categorize, and scrutinize claim documents, authenticate policyholders’ identities, assess claims’ legitimacy, and even determine rightful compensation. Several challenges characterized the traditional ma ..read more

We recently hosted a webinar titled “How Carriers Are Leveraging LLMs and Automation to Drive Better Decisions,” featuring industry experts Alex Taylor from QBE Ventures and Art Borden from Everest and moderated by Tom Wilde, CEO of Indico. The session delved into the transformative impact of large language models (LLMs) and automation on the insurance sector, exploring both the opportunities and challenges presented by these technologies. Listen to the full webinar here: Unstructured Unlocked episode 42 with Arthur Borden, VP of Digital Business Systems & Architecture for Everest and Alex ..read more

Harnessing the power of artificial intelligence (AI), intelligent document processing (IDP) solutions transform the way companies manage and process their document workflows. These systems are setting new standards in efficiency and data organization. This article aims to provide a comprehensive overview of what IDP solutions are, highlighting their AI-driven capabilities and examining use cases across industries.   What is an IDP solution?   An IDP solution is a software that automates the process of extracting information from documents, saving time and resources for businesses. It ..read more

In a world greatly transformed by digitization, the one thing that remains a staple in the corporate landscape is risk assessment. Traditionally addressed through underwriting, this intricate process is now being revolutionized by artificial intelligence. Indico Data, a prominent player in the AI field, is at the forefront of innovation, redefining standards for artificial intelligence underwriting and leading the way in transforming this age-old industry.   How artificial intelligence underwriting works   The realm of underwriting is an intricate one, founded on precise predictions ..read more