What Is a Catastrophe Hazard? A catastrophe hazard is a severe and widespread event that causes significant damage and financial loss. These events are frequently natural disasters or large-scale human-made incidents that affect expansive and contemporary claims. Catastrophe hazards pose substantial trouble to insurers, as they can lead to a [...]
Is Accessibility even an “Issue”? As per the Internet World Stats information report, there are 2.4 billion Internet users worldwide. Per the United Nations factsheet on persons with disabilities, around 10 percent of the world’s population has some form of disability, which means more than 27 percent of potential users [...]
ChatGPT was synonymous with Generative AI some time back, prompting me to explore its impact on the payments industry in a previous blog. However, it’s crucial to acknowledge that Generative AI is the encompassing circle in the Venn diagram, with ChatGPT being one of the circles nested within it. [...]
Following the popularity of ChatGPT, AI (Artificial Intelligence) chatbots have become a trend in various fields. The application of these chatbots for organizations to provide immediate and accurate solutions is limitless. One such field is healthcare, where these health bots would play a vital role in helping patients by [...]
Customer services now constitute one of the key distinguishing factors of banks in an ever-changing environment. With increasing customer requirements, banks must adopt and incorporate novel technological methods to provide customized services. A very promising technology in this regard is generative AI. Generative AI in core banking systems will [...]
Generative artificial intelligence represents a category of AI that utilizes generative models to produce text, images, or other forms of media. These models grasp the intricacies and structure of their input training data, enabling them to generate new data with similar characteristics. In insurance, generative AI plays a pivotal role [...]
ChatGPT has taken the world by storm. Apps powered by large language models (LLMs) have suddenly taken center stage, with OpenAI, Google, Baidu, and Microsoft getting into the act. A spurt of startups and use cases has emerged on the scene. Suddenly, Generative AI, a branch to which these LLMs [...]
The insurance industry has always been one of the most data-intensive industries. With a large amount of customer data, claims data, and other information, insurers have been adopting artificial intelligence (AI) to streamline their processes and provide better customer experiences. AI-powered technologies have enabled insurers to automate claims processing, [...]
ChatGPT has taken the world by storm. A simple interface is now being used by everyone and for everything. If you are in IT, I am sure not just your colleagues, but folks from your family that do not belong to the IT world are also talking about it. ChatGPT [...]
Artificial Intelligence (AI) is revolutionizing the way healthcare is delivered today. The industry’s data-driven evidential approach to medicine combined with AI is set to transform both the practice of medicine and how the treatment is delivered. AI is already being used to reinvent how people manage their health and access [...]
