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This week, how will artificial intelligence change our living spaces?

Welcome to The Digital Eye, your weekly roundup of the latest technology news. 

Our team of experts have scoured the internet for the most exciting and informative articles so that you can stay up-to-date on all things digital, data, blockchain, AI & analytics.

This week’s the Top Reads:

    1. Will Artificial Intelligence Change Our Living Spaces?
    2. Insurance fraud UK – how to beat it
    3. Monsoon Blockchain Powers the Next Generation Cryptocurrency Ecosystem for Bitcoin Latinum
    4. Blockchain accounts for 10% of early-stage startups
    5. InsurTech Cover Genius Nails AUD 100M Series C Funding Round

Bonus Article:

  1. How data and analytics are redefining excellence in P&C underwriting

 

We hope you find this information valuable and would appreciate your help in sharing it with others who may also be interested.


 

How Will Artificial Intelligence Change Our Living Spaces?

 

According to Global Marketing Insights, the home improvement market exceeded $762.9 billion in 2020 & will grow at 4.3% from 2021 to 2027.

How Will Artificial Intelligence Change Our Living Spaces?

 👁️‍🗨️ Read Article

 

“People tend to desire changes, and that includes changes to their surrounding home spaces. According to Global Marketing Insights, the home improvement market exceeded $762.9 billion in 2020 and will grow at 4.3% from 2021 to 2027.

Sometimes, a new coach’s annual trip to Ikea doesn’t bring happiness anymore, and a more radical intervention is required. Most people would engage a professional interior designer, but they’re expensive, and it’s hard to find the right one for your style. Imagine an infinitely knowledgeable designer that serves thousands of clients — artificial intelligence doesn’t have limits.”

shared by @forbes

 


 

Insurance fraud UK – how to beat it

 

“Like a slow road journey, a slow or cumbersome claims journey is a real turnoff,” “and it’s a barrier to doing business.”

 

Insurance fraud UK – how to beat it

👁️‍🗨️ Read Article

 

“It might not seem like the most natural of connections, but there’s a strong shared theme between tractors and fraud investigations. It’s a theme explored by Ian Carman, director of investigation services at Sedgwick, during a recent webinar on “Future-proofing your risk to fraud using AI”. For Carman, who restore classic tractors as a hobby, the similarity comes from the collective necessity surrounding both.

“Tractors are essential; we all recognise that they help farmers produce the food that keeps us all fed and alive,” he said, “while fraud detection and strong indemnity control keep us in the insurance world in business and able to keep the cost of insurance competitive for our customers. If insurance fraud runs rife, the cost of premiums goes up, it’s much harder for us to do business and industry and society suffers. Cost-effective insurance protection is important to society, and it enables us to go about our daily life.”

shared by @InsuranceBizUK


 

Monsoon Blockchain Powers the Next Generation Cryptocurrency Ecosystem for Bitcoin Latinum

 

Monsoon Blockchain Powers the Next Generation Cryptocurrency Ecosystem for Bitcoin Latinum

 

Monsoon Blockchain Powers the Next Generation Cryptocurrency Ecosystem for Bitcoin Latinum

👁️‍🗨️ Read Article

 

“PALO ALTO, Calif., Sept. 28, 2021 (GLOBE NEWSWIRE) — Monsoon Blockchain Corporation, an innovative blockchain company based in Palo Alto, California, is announcing the next generation digital cryptocurrency ecosystem for powering Bitcoin Latinum. Bitcoin Latinum is an insured, asset-backed cryptocurrency. Bitcoin Latinum is greener, faster, more secure, and poised to revolutionise digital transactions based on the Bitcoin ecosystem. Monsoon Blockchain serves as the prime developer of the Bitcoin Latinum network on behalf of the Bitcoin Latinum Foundation.”

shared by @IntradoDigital


 

Blockchain accounts for 10% of early-stage startups.

 

Q1 2021, blockchain & digital currency startups attracted $2.6B funding, more than 2020. Q2 $4.38

 

Blockchain accounts for 10% of early-stage startups

👁️‍🗨️ Read Article

 

Blockchain accounts for 10% of early-stage startups: report

Blockchain is one of the fastest-growing technologies in the world of startups, with a new report revealing that 10% of early-stage startups are focused on the technology. Blockchain ranks the fastest-growing technology trends alongside artificial intelligence (AI), big data, and robotics.

In the past five years, blockchain has experienced rapid adoption, going beyond digital currencies and finance to underpin social media, healthcare, supply chain management, big data, legal services, insurance, and many more sectors.”

shared by@RealCoinGeek @startupgenome


 

InsurTech Cover Genius Nails AUD 100M Series C Funding Round

 

InsurTech Cover Genius Nails AUD $100M Series C Funding Round

👁️‍🗨️ Read Article

 

“InsurTech startup Cover Genius raised AUD 100 million in a Series C funding round led by Sompo Holdings with participation from G Squared and other existing investors, the company said in a press release emailed to PYMNTS on Tuesday (Sept. 28).

The fresh infusion of capital is being earmarked for the expansion of its distribution platform and move into new sectors — eCommerce, property, travel, business to business, and more.”

shared by @cover_genius


 

Bonus Article

 

How data and analytics are redefining excellence in P&C underwriting

 

How to get started
  1. Start small to learn.
  2. Keep effort in C-suite.
  3. Focus on the pace of execution
  4. Fund latest market intelligence & insights

 

How data and analytics are redefining excellence in P&C underwriting

👁️‍🗨️ Read Article

 

Most P&C insurers in Europe and North America are investing in data and analytics to improve underwriting; those with the most advanced capabilities enjoy better-operating results and performance.The property and casualty (P&C) insurance sector has long struggled with challenging fundamentals. Intense price competition erodes value across the board, and globally, only a few sector leaders turn a profit. Commoditisation of personal and commercial line products, particularly in the small commercial segment, continues unabated.

Compounding the industry’s struggles, 2020 set a new annual record for catastrophic events—defined as those with at least $1 billion in damages—with 22 such events in the United States, shattering the previous record of 16 that occurred in 2017.1 And insurance was among the industries hardest hit by the massive economic contraction wrought by the pandemic”

shared by @McKinsey

 


 

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