Insurance is the ultimate data business, and companies have a huge opportunity to turn data into revenue. Some of that opportunity will arise because insurers will go beyond "insure and pay" and shift to a "predict and prevent" business model, as described inthis recent piece. Some will come...
The Confederation of British Industry (CBI) director general Rain Newton-Smith joined a chorus of voices in criticising chancellor Rachel Reeves's fiscal measures, which the Labour Party claims are needed to plug a £22bn "black hole" left by 14 years of Tory governmen...
Suncorp is a major financial services provider in Australia, offering a wide range of banking, insurance, and wealth management services. It primarily caters to personal and small business customers. Suncorp’sEveryday Options Accountcomes with: Zero account-keeping fees and no minimum deposit requi...
From offering investment lessons to recommending funding options, business loans and insurance, Johnson distills complex financial matters into easily understandable and actionable advice, empowering entrepreneurs to make informed decisions for their companies. As a business owner herself, she continually ...
After covering major insurance carriers, let’s highlight 15 companies making an impact. These innovators set positive examples by rethinking customer service, claims, products, and technology in the insurance industry. When planning business strategy and customer outreach, thisCLTV calculatorgives compan...
Berkshire is an industrial conglomerate with 22 business units across industries such as insurance, energy, rail, manufacturing, autos, retail, and food services. So lots of potential places to apply AI. GEICO has implemented AI for claims processing efficiency...
The Confederation of British Industry (CBI) director general Rain Newton-Smith joined a chorus of voices in criticising chancellor Rachel Reeves's fiscal measures, which the Labour Party claims are needed to plug a £22bn "black hole" left by 14 years of Tory governme...
In February, a Canadian small-claims tribunal upheld the customer’s legal complaint, despite the airline’s assertion that the chatbot was a “separate legal entity that is responsible for its own actions.”Related Story The AI Hype Index: Robot pets, simulated humans, and Apple’s AI text ...
The fallout was massive. VW recalled 11 million around the world and was forced to set aside more than $18 billion to cover recall costs, legal claims and other related expenses. Shares in VW, which trade over the counter in the U.S., tumbled on the news and took two years to recover...
which went beyond the simple movement of money from one place to another. a group of people could run their own insurance company, say, which would accept premiums, automate the actuaries, and pay out claims without skimming a house take off the top. arthur printed out the entire ethereum ...