Advanced algorithms ensure uniformity and precision in risk assessment, minimizing errors and ensuring faster policy issuance.  Generative AI co-pilot solution for Underwriters, significantly reduces ...

Canara HSBC Life Insurance introduces OmniGen AI, a groundbreaking Generative AI solution on AWS, enhancing the underwriting process. By leveraging advanced tech, it provides precise risk decisions, ...

With a groundbreaking approach that fuses AI with a traditionally "low tech" life insurance industry, WealthSmyth has officially announced the arrival of its two-pronged approach to making advanced ...

SAN FRANCISCO, Nov. 13, 2024 /PRNewswire/ -- With a groundbreaking approach that fuses AI ... life insurance as the wealthy would. There has been modernization in internal areas like underwriting ...

It also helps underwriters refine key judgement points in risk evaluation. Canara HSBC Life Insurance has introduced OmniGen ...

Thirty-eight Individual Life insurance ... Accelerated Underwriting workflow. Key observations of the survey include: Eighty-two percent of companies have either a fully implemented or partially ...

Protection gross written premiums to reach 8% compound annual growth rate, and more capital-light unit-linked business growth ...

The implementation of this solution further strengthens the company's core values of Customer Centricity, Agility, Accountability and Collaboration. Canara HSBC Life Insurance is committed to further ...

The life insurance industry has always ... In the future, AI systems could lead to more accurate underwriting and pricing strategies. A real-world example: Imagine a prospective policyholder ...

Despite weak underwriting performance, the E&S segment showed robust growth and stable margins, contributing positively to overall results. SIGI implemented ... in its non-life insurance segments ...