NEWS & UPDATES.

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Elafris CEO Jake Diner, a Forbes Technology Council member, gives his insights on artificial intelligence and blockchain for insurance. A version of this article was originally published on Forbes.com. The insurance sector has a longstanding reputation for resisting change. Who can blame the industry? Avoiding risk is in their DNA. Surprisingly, in my experience as a Silicon Valley insurtech serial entrepreneur, this characterization may no longer be valid. Since 2010,…

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Artificial intelligence (AI) is set to revolutionize the insurance industry and it is coming to every carrier, agency and policyholder. AI, at its most basic understanding, is the mimicking of human behavior: Learning Talking Listening Seeing Feeling (Sensing) Analyzing This definition is simple enough to understand. Where things really take off is when the complexity within these elemental skills increases or in the combination of these elements. Then we begin to…

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Our lives are changing rapidly, driven by the technology we now use on a daily basis. It seems like this digital transformation just started but it's is not new. It's been underway for twenty years and is now upending many long-standing practices in sectors like finance and insurance. We may have forgotten but the addition of tech to the insurance and financial sectors has been a consistent progression, a stream of…

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Talking on the phone is taking a backseat to all of the other ways we can communicate. Writers lament over the loss of our shared habit of jumping to answer the phone, but with the number of robocalls surpassing 3 billion per month in the U.S., we may have been driven away from using the phone, or even listening to voicemails. Sales calls, scams, pollsters and politics seem to ring the…

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Viral...Runaway... ...are weighty and sometimes alarming descriptors for recent changes infiltrating the property & casualty insurance field. Month by month new tools for insurers are coming to market. From established companies expanding their product lines to upstart insurtech entrants, insurance vendors are bringing a fresh set of capabilities to the industry. Insurance AI versus ROI The tough task for agencies and carriers alike is knowing exactly where to invest in…

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