In the news this week, IOT data is the future risk prevention tool in insurance, highlighting the new Geneva Association report. Do you agree?
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:
- IoT data is the risk prevention tool of the future in insurance
- Mosaic and DXC Technology Launch Technology Platform for Specialty Insurance
- As Artificial Intelligence (AI) becomes mainstream, environmental, social and governance (ESG) considerations are a vital part of ensuring responsible adoption
Bonus Article:
- How AI Technology and New Data will Impact the Future of Insurance
We hope you find this information valuable and would appreciate your help in sharing it with others who may also be interested.
IoT data is the risk prevention tool of the future in insurance.
Extremely insightful report. Significant business opportunities await the brave!
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“IoT data is the risk prevention tool of the future in insurance, highlights new Geneva Association report.”
shared by @GlobalReins
Mosaic and DXC Technology Launch Technology Platform for Specialty Insurance
“Legacy-free technology is fundamental to Mosaic’s model, and our collaboration with DXC represents the first insurtech operating platform of its kind.”
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“Mosaic Insurance and DXC Technology announced the launch of an insurance technology platform that increases the speed at which specialty insurance is sold, underwritten and serviced.
With DXC’s business-process expertise and technology, Mosaic, the Bermuda-based specialty insurer, aims to refine underwriting, simplify transactions, process claims, and assess risks faster. Mosaic also streamlines end-to-end processing and provides real-time access to data.
The new platform is powered by several of DXC’s technology services, including DXC Assure for Commercial and Specialty, business process outsourcing, applications, analytics and engineering, cloud, and security. The model’s launch signifies a significant step forward in the global insurance industry, combining best-practices in insurance processing with state-of-the-art technology.”
shared by @ijournal
As Artificial Intelligence (AI) becomes mainstream, environmental, social, and governance (ESG) considerations are vital for ensuring responsible adoption.
Just 13% have implemented an ethical framework for AI use.
5 Understand emerging threats
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“As Artificial Intelligence (AI) becomes more mainstream, environmental, social and governance (ESG) considerations are a vital part of ensuring responsible adoption
While potentially offering tremendous benefit, the broad applicability of AI across society must be handled carefully, and accountants have a crucial role to play
TORONTO and LONDON, Aug. 20, 2021 (GLOBE NEWSWIRE) — ACCA (the Association of Chartered Certified Accountants) and Chartered Accountants Australia and New Zealand (CA ANZ) reveal in a new report the pressing need for the accountancy profession to make the necessary connections between Artificial Intelligence (AI) and its relationship to environmental, social and governance (ESG) dimensions.
Polling over 5,700 respondents globally, including an expert panel of ACCA members across North America, the research reveals a cautious tone, with fewer than half (43%) believing that the impact of AI on their rights as an individual is positive – such as safety and personal security, levels of fairness, levels of choice, levels of transparency. In North America, 30% of respondents believe this to be the case.”
shared by @Notified
Bonus Article
Blockchain and Machine Learning Combined for a Better Solution
Do you think Insurance has a trust issue? How do you think AI & IoT data will influence the future?
A comprehensive guide on HOW AI technology & new datasets will impact the future of Insurance.
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Have you noticed that Insurance has suffered a loss in trust more than any other in the financial services sector? Long call centre queues, damaging publicity around pricing and disappointed claimants have undermined customer confidence.
Have you also noticed that we are increasingly putting less trust in each other as a society? Once trust is gone, it is hard to get back.
As we try to put the pandemic behind us, there’s a burdening need for the industry to act and start building a better customer relationship. Overcoming inherent views will be difficult, and building trust will be vital to success.
The DiGITAL EYE