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AI presents a fundamental shift in the way companies run their production lines, design and innovate their products, and optimize production yield. While AI will likely affect many industries over the coming years, according to Deloitte Survey on AI Adoption in Manufacturing, the manufacturing industry is expected to…

For insurers, claim assessments is an operational area of the utmost importance, impacting both Loss Adjustment Expenses (LAE) on one hand, and customer satisfaction and retention on the other. In fact, according to the EY Global Consumer Insurance Survey, 87% of policy holders say that their claim processing…

The power of Artificial Intelligence has been discussed in the headlines in the past years – transforming numerous industries and creating huge economic value, especially for early adopters of the technology. From item and face recognition in photos, to automated closed captions, the scientific breakthroughs in AI…

To most consumers, buying insurance is still a painful, lengthy process. High touch, manual workflows on the insurers’ end create friction and frustration. As McKinsey notes, despite insurance companies’ substantial investments over the past several years in digitizing customer onboarding and policy…

The insurance industry is growing. Despite the 2020 slowdown, the market is poised to grow this year to pre-COVID-19 rates. Analysts project a strong V-shaped recovery in insurance premiums, with a return to around 3% positive growth in both life and non-life premiums in 2021. This growth is attributed in…

Traditional manufacturing industries are in the throes of a digital transformation that will impact every aspect of the manufacturing process. Powered by rapid development in AI, IoT, Edge Computing and 5G, the Industry 4.0 revolution is realigning people, technology, data, services and products around a new…