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Why understanding AI is "non-negotiable" for insurers

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Out of the catalogue of technologies that have the potential to affect the insurance industry, one expert says that artificial intelligence is on track to have the most significant impact in the coming year. In fact, insurers' investments in AI are increasing on a year-over-year basis, and this trend is set to continue into 2019. "AI is important for insurers because it brings them even closer to their customers. To have a firm idea of what AI is and its relevance is now non-negotiable for anyone who considers themselves a market contender in insurance," said Ira Sopic (pictured), project director at Insurance Nexus, which is hosting a live webinar on integrating AI across the insurance organization, including underwriting, customer service, product innovation and claims, as a way to attain efficiency in operations. AI has the power to connect customer data to product information in real-time, enabling better consumer experiences and making the process simpler and faster – ultimately, what customers today want, according to Sopic.


Analyzing Globant (GLOB) & Verisk Analytics (VRSK)

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Globant (NYSE:GLOB) and Verisk Analytics (NASDAQ:VRSK) are both computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, risk, dividends, analyst recommendations, profitability, institutional ownership and valuation. This table compares Globant and Verisk Analytics' net margins, return on equity and return on assets. This table compares Globant and Verisk Analytics' revenue, earnings per share (EPS) and valuation. Verisk Analytics has higher revenue and earnings than Globant.


CIOs Eyeing on these Top 5 Insurtech Drifts Shaking Up European Auto Insurance

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Booming insurtech innovations are revolutionizing the way auto insurance is operating. FREMONT, CA: Insurtech startups are revolutionizing the way insurance is operating. The European insurtech industry has exploded in recent years, with several startups coming up with new products and services, easing the process of buying insurance for the consumers. Similar is the case of auto insurers, and startups are dramatically transforming this industry with innovative tech offerings. Here is more about the top innovations and ventures going after auto insurtech for the CIOs to eye on.


Comparing Verisk Analytics (NASDAQ:VRSK) and Globant (GLOB)

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Verisk Analytics (NASDAQ:VRSK) and Globant (NYSE:GLOB) are both business services companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, earnings, analyst recommendations, risk and valuation. This table compares Verisk Analytics and Globant's revenue, earnings per share (EPS) and valuation. Verisk Analytics has higher revenue and earnings than Globant. Verisk Analytics is trading at a lower price-to-earnings ratio than Globant, indicating that it is currently the more affordable of the two stocks.


Keeping your future 'in sure hands'

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After working in the Middle East insurance market for a significant time, Rachid Abi Nader and Hadi Radwan noticed a common problem across the region - most people did not really understand the technical insurance jargon and the cover they had purchased. With a vision to make insurance simple, transparent and accessible, they decided to establish Aqeed.com. "We designed our technology solutions to help consumers understand, manage and buy insurance on a friendly and efficient platform," says Abi Nader, CEO and co-founder of Aqeed. Founded with the shareholders of Barents, an A-rated international reinsurance group, and Equitrust, a company member of Choueiri Group (a media and advertising group), Aqeed aims to change the way customers perceive insurance. When we decided on the name, we wanted something that resonates with our target market.