Selecting an Intelligent Document Processing Solution
AIIM
NOVEMBER 14, 2024
Intelligent document processing (IDP) solutions are emerging that combine AI with IDP to revolutionize client and document onboarding and processing.
Feds Propose AI 'Guard Rails' for Medicare Advantage Plans
Data Breach Today
DECEMBER 2, 2024
Provision Emphasizes Existing Medicare Regs for Equitable Access to Health Services The Centers for Medicare and Medicaid Services has issued proposed "guard rails" to help ensure that the use of artificial intelligence for Medicare Advantage insurance plans does not result in inequitable access to healthcare-related services.
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Feds Propose AI 'Guardrails' for Medicare Advantage Plans
Data Breach Today
DECEMBER 3, 2024
Provision Emphasizes Existing Medicare Regs for Equitable Access to Health Services The Centers for Medicare and Medicaid Services has issued proposed "guardrails" to help ensure that the use of artificial intelligence for Medicare Advantage insurance plans does not result in inequitable access to healthcare-related services.
Is Artificial Intelligence relevant to insurance?
IBM Big Data Hub
MAY 1, 2023
In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. The fascination of artificial intelligence History has shown that the human preoccupation with creating a machine which replicates human thinking had in fact been simmering for centuries.
HealthEC data breach impacted more than 4.5 Million people
Security Affairs
JANUARY 4, 2024
“Suspicious activity should be promptly reported to relevant parties including an insurance company, health care provider, and/or financial institution.” Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, Artificial Intelligence)
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Security Affairs newsletter Round 453 by Pierluigi Paganini – INTERNATIONAL EDITION
Security Affairs
JANUARY 7, 2024
Experts spotted a new macOS Backdoor named SpectralBlur linked to North Korea Merck settles with insurers regarding a $1.4 Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.
Court: UnitedHealth Must Answer for AI-Based Claim Denials
Data Breach Today
FEBRUARY 14, 2025
Lawsuit Alleges Insurer Used AI Tool in Denying Patients Medically Necessary Care A proposed class action lawsuit against UnitedHealth Group that claims the company's insurance unit UnitedHealthCare used of artificial intelligence tools to deny Medicare Advantage claims for medically necessary care has the green light to proceed from a federal judge (..)
Artificial Intelligence and decision support
OpenText Information Management
DECEMBER 18, 2017
With seven billion people on the planet, every one of them making choices and having opinions, it may seem odd to say there aren’t enough people to make decisions, and that’s why we need help from artificial intelligence. Odd, but true.
Top 8 Cyber Insurance Companies for 2022
eSecurity Planet
APRIL 22, 2022
That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%
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Security Affairs newsletter Round 488 by Pierluigi Paganini – INTERNATIONAL EDITION
Security Affairs
SEPTEMBER 8, 2024
Managing Cybersecurity in the Age of Artificial Intelligence Clearview AI Faces €30.5M Head Mare hacktivist group targets Russia and Belarus Zyxel fixed critical OS command injection flaw in multiple routers VMware fixed a code execution flaw in Fusion hypervisor U.S.
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Have board directors any liability for a cyberattack against their company?
Security Affairs
NOVEMBER 14, 2022
Add to that, there is the risk of penalties and fines (which are not insurable in most jurisdictions) not only under privacy and data protection regulations but also on the basis of cybersecurity regulations that are now proliferating. What should directors do if a cyberattack happens to the company? there could be reputational damage.
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EIOPA Publishes Consultation on Opinion on AI Governance and Risk Management
Data Matters
MARCH 14, 2025
On February 12, 2025, the European Insurance and Occupational Pensions Authority ( EIOPA ) published a consultation on its draft opinion on artificial intelligence ( AI ) governance and risk management (the Opinion ).
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Indico Data, The Decision Automation Company™, unveils strategic leadership appointments to drive next-generation insurance innovation
Info Source
APRIL 2, 2025
Boston, MA April 1st, 2025 Indico Data, The Decision Automation Company , today announced pivotal leadership appointments that reinforce its commitment to revolutionizing the insurance industry through AI-driven decision automation.
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All ready to grow up: Fostering AI’s growth in insurance
DXC Technology
JANUARY 9, 2020
The use of artificial intelligence (AI) technologies has spread across the insurance value chain. In product development, it enables insurers to create more profitable and effective products based on insights from past claims and product uptake in the market.
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Regulatory Update: National Association of Insurance Commissioners Summer 2023 National Meeting
Data Matters
SEPTEMBER 7, 2023
The National Association of Insurance Commissioners (NAIC) held its Summer 2023 National Meeting (Summer Meeting) from August 12–16, 2023. The post Regulatory Update: National Association of Insurance Commissioners Summer 2023 National Meeting appeared first on Data Matters Privacy Blog.
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Data Matters
JANUARY 9, 2024
The National Association of Insurance Commissioners (NAIC) held its Fall 2023 National Meeting (Fall Meeting) from November 30 through December 4, 2023. The post Regulatory Update: National Association of Insurance Commissioners Fall 2023 National Meeting appeared first on Data Matters Privacy Blog.
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How generative AI delivers value to insurance companies and their customers
IBM Big Data Hub
DECEMBER 1, 2023
Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.
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NYDFS issues significant guidance on insurers using AI or external data
Data Protection Report
FEBRUARY 2, 2024
On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.
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The risks and limitations of AI in insurance
IBM Big Data Hub
MAY 8, 2023
Artificial intelligence (AI) is polarizing. In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. It excites the futurist and engenders trepidation in the conservative.
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New York Department of Financial Services addresses cybersecurity risks from artificial intelligence
Data Protection Report
OCTOBER 17, 2024
On October 16, 2024, the New York Department of Financial Services (“NYDFS” or “DFS”) issued guidance raising awareness about combatting cybersecurity risks arising from artificial intelligence (“AI”) used by DFS licensees, such as insurers and virtual currency businesses.
Stretching the boundaries through artificial intelligence: the European proposal for a dedicated regulation. The protection of personal data.
Privacy and Cybersecurity Law
SEPTEMBER 15, 2021
Artificial intelligence feeds on data: both personal and non-personal. It is no coincidence, therefore, that the European Commission’s “ Proposal for a Regulation laying down harmonized rules on Artificial Intelligence ”, published on April 21, 2021 (the Proposal), has several points of contact with the GDPR.
The transformative power of data-driven insurance and generative AI
CGI
OCTOBER 6, 2023
As generative artificial intelligence (AI) continues to evolve rapidly, it has sparked transformative change across the insurance industry. Learn best practices for insurers to pursue data-driven insurance and generative AI to create strategic advantage in the face of new disruptors.
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GUEST ESSAY: How to secure ‘Digital Twins’ to optimize asset use, while reducing exposures
The Last Watchdog
AUGUST 8, 2022
Add in an increasing focus on data becoming a crucial enterprise asset—as well as the introduction of countless database and analytical tools, digital twins, artificial intelligence, and machine learning—and we are dealing with unprecedented technical complexities and risk.
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Voice Deepfake Scams CEO out of $243,000
Adam Levin
SEPTEMBER 4, 2019
The CEO of a UK-based energy firm lost the equivalent of $243,000 after falling for a phone scam that implemented artificial intelligence, specifically a deepfake voice. While the technology to generate convincing voice recordings has been available for a few years, its remains relatively uncommon in the commission of fraud.
ABBYY Launches Global Initiative Promoting the Development of Trustworthy Artificial Intelligence
Info Source
JUNE 11, 2020
June 9, 2020 – ABBYY< [link] >, a Digital Intelligence company, today launched a global initiative to promote the development of trustworthy artificial intelligence (AI) technology. MILPITAS, Calif., ABBYY is a global company with offices in 13 countries.
New York Department of Financial Services Issues Guidance Regarding Life Insurers’ Use of External Consumer Data in Underwriting
Data Matters
FEBRUARY 20, 2019
On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.
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How automation is driving more patient-centric healthcare
CGI
AUGUST 21, 2023
These innovative technologies are moving providers and payers closer to patients.
The business value of operating core insurance solutions on the cloud
IBM Big Data Hub
JUNE 23, 2023
Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.
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Everteam.iFile | Connect, Extract, Process, Manage and Analyze all your Stored Information
Everteam
MAY 29, 2019
To efficiently manage data, Everteam developed everteam.iFile, a solution based on Artificial Intelligence and Machine Learning to find, identify, manage and process information regardless of its location. iFile lifecycle: Insurance company case. One of the clients at the insurance company calls to report an accident.
Where RPA and artificial intelligence diverge matters for insurers
Information Management Resources
AUGUST 22, 2018
RPA in insurance has made its way into The New York Times, with an interesting articleabout how State Auto Insurance Companies has eliminated 25,000 hours of manual human work from their back office using screen-scraping process automation technology.
ICYMI –December in privacy and cybersecurity
Data Protection Report
JANUARY 4, 2024
5. Headlines in 2023 also had many references to artificial intelligence. The Federal Trade Commission (FTC) also addressed artificial intelligence and machine learning. The Consumer Data Privacy Act (SB 384), which goes into effect on October 1, 2024 (see § 14), can be found here: [link].
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Artificial intelligence use cases explode in insurance
Information Management Resources
NOVEMBER 17, 2017
The range of technologies that are part of the AI family give carriers a lot of options in using it.
ABBYY Launches Global Initiative Promoting the Development of Trustworthy Artificial Intelligence
Info Source
JUNE 11, 2020
June 9, 2020 – ABBYY< [link] >, a Digital Intelligence company, today launched a global initiative to promote the development of trustworthy artificial intelligence (AI) technology. MILPITAS, Calif., ABBYY is a global company with offices in 13 countries.
Harness digital tech to improve claims processing
OpenText Information Management
JULY 5, 2023
Mobile apps, artificial intelligence and advanced analytics are just some of the innovations shaking up the landscape for global insurers to help them meet the rising expectations of tech-savvy customers. Claims processing accounts for the lion’s share of property and casualty insurers’ expenses.
SHARED INTEL Q&A: My thoughts and opinions about cyber threats — as discussed with OneRep
The Last Watchdog
OCTOBER 5, 2023
Kapczynski Erin: Could you share your thoughts on the role of artificial intelligence, machine learning and the growth of IoT devices in both cyber defense and cyberattacks? Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies? Byron: It’s an important risk management tool.
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News alert: Salvador Technologies raises $6M to empower cyber resilience in critical systems
The Last Watchdog
DECEMBER 18, 2023
The security challenges are growing, especially in light of the artificial intelligence (AI) that has penetrated into cybercrime and the need for an effective recovery solution is critical.” “We We are thrilled to announce this round of financing and welcome additional investors to our journey,” added Yevtushenko.
Three sectors being transformed by artificial intelligence
Information Management Resources
FEBRUARY 21, 2018
Retail, insurance and government are three areas where AI will be implemented this year in ways we haven't seen before.
Digital Customer Experience is becoming the deciding battlefield on the insurance landscape
CGI
FEBRUARY 28, 2018
Digital Customer Experience is becoming the deciding battlefield on the insurance landscape. Digital Customer Experience in many ways is becoming the deciding battlefield on the insurance landscape as to who will win through. p.butler@cgi.com. Wed, 02/28/2018 - 10:36. Although respective remits often tend to be company specific.
The U.S. Office of the Comptroller of the Currency Seeks Comment on Digital Innovation by Banks
Data Matters
JUNE 12, 2020
electronic payments, check capture and online banking), the OCC lists some of the new technologies, the implementation of which may be hindered by ambiguous, burdensome or inflexible rules, such as blockchain, artificial intelligence, biometrics, cloud computing and big data/analytics. Comments are due by August 3, 2020. 31, 2020).
Three insurance challenges being addressed by AI
Information Management Resources
OCTOBER 15, 2018
Many carriers are leveraging some type of artificial intelligence to solve widely variant business problems.
Regulatory Update: NAIC Summer 2021 National Meeting
Data Matters
SEPTEMBER 20, 2021
The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.
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The Future of Records Management
Armstrong Archives
MARCH 3, 2025
Artificial Intelligence (AI): Natural language processing and machine learning algorithms are revolutionizing data extraction, analysis, and decision-making. Key trends include: Automation: New tools and services will get even better at automating workflows and manual tasks, leading to higher efficiency.
Regulatory Update: NAIC Summer 2020 National Meeting
Data Matters
SEPTEMBER 3, 2020
The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.
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The insurance industry is a prime target for AI technologies and solutions
Information Management Resources
APRIL 2, 2018
Those investing in artificial intelligence should consider exactly what the company will most benefit from, and which technology will help it reach those goals.
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