Search Results for: insurance adoption

Escala 24x7 and DANAconnect Join Forces to Accelerate the Adoption of GenAI on AWS in the Financial Services Industry
Fintech News

Escala 24×7 and DANAconnect Join Forces to Accelerate the Adoption of GenAI on AWS in the Financial Services Industry

Cision PRWeb
by Cision PRWeb0
Escala 24×7 has made a significant investment in DANAconnect. Together, they unite forces to drive GenAI adoption on AWS, revolutionizing the financial services industry with AI-powered solutions that enhance efficiency and customer experience. One of the greatest challenges for financial institutions and insurers is adopting Artificial Intelligence (AI) and intelligent......
Liminal Secures Additional Funding to Accelerate Generative AI Adoption in Regulated Industries Through Robust Data Protection and Secure Workflow Tooling
Artificial Intelligence Fintech Funding News

Liminal Secures Additional Funding to Accelerate Generative AI Adoption in Regulated Industries Through Robust Data Protection and Secure Workflow Tooling

PR Newswire
by PR Newswire0
New investment fuels expanded capabilities to empower life sciences, healthcare, banks, financials services, insurance, and public sector organizations to rapidly leverage generative AI in every use case.  Liminal, the leader in horizontal generative AI data security, announces they have added more than $5M in funding in an oversubscribed seed round led by......
Parametric Insurance: Revolutionizing Traditional Insurance Models
Guest Posts InsurTech

Parametric Insurance: Revolutionizing Traditional Insurance Models

Neha Batra
by Neha Batra0
Parametric insurance, a novel approach to risk management, represents a departure from traditional insurance methods. In contrast to indemnity-based insurance, where claims are assessed based on actual losses, parametric insurance operates on the principle of predefined triggers, typically related to weather benchmarks or other quantifiable parameters. This innovative model offers......
Financial Services and Insurance Sectors Go All in on Observability to Improve Digital Customer Experiences
Finance Fintech News

New Relic Releases ‘State of Observability for Financial Services and Insurance’

Fintech News Desk
by Fintech News Desk0
Financial services and insurance organisations are more likely to achieve full-stack observability in the race to modernise their tech stack and deliver innovative services to customers New Relic, an observability platform for engineers, announced the findings of its State of Observability for Financial Services and Insurance report, which focuses on......
EY Survey: AI Adoption Among Financial Services Leaders Universal, Amid Mixed Signals of Readiness
Fintech News

EY Survey: AI Adoption Among Financial Services Leaders Universal, Amid Mixed Signals of Readiness

PR Newswire
by PR Newswire0
One in five are not confident that their organizations are well-positioned to take advantage of the potential benefits AI might bring Ernst & Young LLP (EY US) released its 2023 Financial Services GenAI Survey. Nearly all (99%) of the financial services leaders surveyed reported that their organizations were deploying artificial......
Life insurance industry unprepared for $7.8 trillion wealth transfer to beneficiaries by 2040
Finance Fintech

Life insurance industry unprepared for $7.8 trillion wealth transfer to beneficiaries by 2040

Business Wire
by Business Wire0
60% of individuals aged 65 or older have not sought professional financial advice to prepare for retirement or to transfer their wealth Three-in-four consumers are interested in innovative life insurance offerings to help them age well, but insurers lack the product development capabilities The Capgemini Research Institute’s World Life Insurance......
Armilla Assurance Launches Armilla Guaranteed: Warranty Coverage for AI Products in Partnership with Leading Insurance Companies
Artificial Intelligence Machine Learning News

Armilla Assurance Launches Armilla Guaranteed: Warranty Coverage for AI Products in Partnership with Leading Insurance Companies

Fintech News Desk
by Fintech News Desk0
Armilla Assurace, a startup with the mission to help companies realize the benefits of trustworthy AI, announces the introduction of Armilla Guaranteed, a performance guarantee for AI products. Armilla Assurance will use its model evaluation platform and partner with three leading insurance providers – Swiss Re, Greenlight Re and Chaucer – to offer product......
Southern Trust Insurance Chooses Duck Creek OnDemand for its Cohesive and Comprehensive Full-Suite Capabilities
InsurTech News

Southern Trust Insurance Chooses Duck Creek OnDemand for its Cohesive and Comprehensive Full-Suite Capabilities

Fintech News Desk
by Fintech News Desk0
Cloud-based SaaS implementation will modernize the insurer’s operations and bring greater ease and efficiency to policyholder support Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces Southern Trust Insurance (“Southern Trust”) as the latest insurance carrier to embrace Duck Creek OnDemand as......
Farmers Insurance Federal Credit Union Goes Live with Constellation To Power Its Next-Generation Digital Banking Experience
Banking News

Farmers Insurance Federal Credit Union Goes Live with Constellation To Power Its Next-Gen Digital Banking Experience

Business Wire
by Business Wire0
Leading cloud-native digital banking services provider Constellation Digital Partners (Constellation) announced that $1.5 billion asset-sized Farmers Insurance Federal Credit Union (FIGFCU) has gone live with the Constellation Digital Banking platform, branding its new digital banking experience as Tulee. Powered by Constellation, Tulee launched earlier this summer, allowing the credit union to offer its over......
Thales Launches Cloud-based Payment HSM Service to Help Accelerate Adoption of Cloud Payments Infrastructure
Digital Payments News

Thales Launches Cloud-based Payment HSM Service to Help Accelerate Adoption of Cloud Payments Infrastructure

Business Wire
by Business Wire0
Cloud-based payment HSM delivers greater flexibility, scalability and speed-to-market Thales announces the launch of Thales payShield Cloud HSM, a subscription-based digital payments security service built on its market-leading payShield 10K Payment Hardware Security Module (HSM) technology to help customers accelerate the adoption of cloud-based payments infrastructure. “Continuing our decades of collaboration with......
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