Rob Tyrie

🚀 AI in Insurance: Are You Regulatory Ready? Webinar: How to Use AI Responsibly Under the NAIC Bulletin 📅 November 13, 2024 | 2 PM EST | 11 AM PST AI is transforming the insurance industry—but how do you ensure compliance with new regulatory standards? Join us for this must-attend webinar with: Kevin Gaffney, Vermont Commissioner and Chair of NAIC’s Innovation, Cybersecurity, and Technology Committee Bryan Rehor, Director of Regulatory Strategy at ZestyAI What you’ll learn: 🔑 Key principles behind the NAIC’s AI regulatory framework 📊 Best practices to ensure fairness, transparency, and compliance 👁 Insights into preparing for regulatory oversight and market conduct exams 📍 Reserve your spot now! 👉 https://bit.ly/3TY9Vb6 #InsuranceInnovation #AICompliance #NAICBulletin #ResponsibleAI #ZestyAI #Webinar

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Roots Automation raises $22.2 million in Series B funding to advance its AI-powered Digital Coworker and InsurGPT™ technology, revolutionizing insurance data handling. Read the Latest full News - https://lnkd.in/d7cYEr5g #Techedge #TechedgeAI #RootsAutomation #AI #InsurGPT #InsuranceTech #FundingNews #GenerativeAI #DataAnalytics #InsuranceInnovation #TechInvestment #DigitalTransformation #AIinInsurance #TechFunding

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On Wednesday 22 May 2024, we have an exclusive #ICMIFWebinar featuring Canadian ICMIF member Co-operators and its journey to transition to the #cloud. This kind of transition represents a critical step for insurers to accelerate their digital transformation and stay competitive in the evolving insurance landscape. In this webinar, Co-operators will share its recent experience of this major technology upgrade to their P&C business as it transitioned from Guidewire V7 to the Guidewire Cloud Platform. Our speakers will be: Mike Kavaner, Vice President, P&C Technology Mike Curchin, Associate Vice President, Solution Architecture Grant Kelly, Associate Vice President, P&C Technology Large Initiatives This webinar will provide an opportunity for ICMIF members to increase their odds of success from the practical insights and learnings gained by Co-operators as it successfully migrated to the cloud to modernise its underwriting, policy administration, and billing operations. This will be episode 14 in ICMIF’s webinar series “The digital mutual”. In this series, various ICMIF members from around the world showcase their digital strategy and journey in the pursuit of digital transformation. Through the case studies shared, our members can learn how other leading mutual/cooperative insurers are harnessing the power of technologies to digitise their business and integrate digitalisation and innovation into their overall strategy, whilst maintaining their unique value proposition and member-driven focus. ICMIF members can find out how to register for this #ICMIFwebinar on Wednesday 22 May (3pm BST/UK time) via the link below! #OnlyatICMIF #ConnectingMutualsGlobally #CollaboratingwithPurpose #Mutuals #Insurance #DigitalTransformation #Innovation

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It is anticipated that the rest of 2024 will bring a significant amount of regulatory development for Canadian insurers in relation to climate risk. Our recent webinar, in collaboration with Manifest Climate offered an update on how well these firms are prepared for the changes, and shared insights on the best practices for assessing climate risk materiality. Watch on-demand: https://mdy.link/3yRWxO1

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Did you miss #CASRPM24? One of our speakers, Jim Vecchio, authored a summary of his session for Insurance Canada. Read about how VIN-specific data can revolutionize risk analysis in the insurance industry and emphasizes the need for dynamic auto pricing symbols. https://lnkd.in/eA4ewNsv

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#IBTV: Join the conversation on the impact of AI on cyber insurance and brokerage in the latest power panel featuring experts from BOXX Insurance Inc., HUB International, NFP, an Aon company (Canada), and Aon. Explore regulatory challenges and emerging market trends. Catch the full discussion here: https://hubs.la/Q02B1s_W0 #Insurance #InsuranceInsights #GenAI #Technology

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#IBTV: Join the conversation on the impact of AI on cyber insurance and brokerage in the latest power panel featuring experts from BOXX Insurance Inc., HUB International, NFP, an Aon company (Canada), and Aon. Explore regulatory challenges and emerging market trends. Catch the full discussion here: https://hubs.la/Q02CNBY70 #Insurance #InsuranceInsights #GenAI #Technology

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Actuaries, insurance pros, and stakeholders: Don't miss your chance to shape industry standards! The FRC seeks feedback on TAS 200 amendments. Respond by May 10th. Read more here - https://lnkd.in/dTGCzZwz Theresa Zeidler, ASA #Insurance #Actuarial #Regulation #FRCConsultation #KNAVUK #BeyondBetter

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Join us for the insurtech event of the year! In a recent interview, Tom Reid highlighted the exciting features of this year’s event: Insurance Brokers Association of Canada Stackathon: A unique riff on hackathons, the Stackathon will crowdsource ideas and solutions for the biggest challenges facing the insurance industry. Collaborate with experienced brokers and innovative vendors to design the ultimate tech stack tailored for brokers, focusing on new business flows, policy changes, lead generation, and more. Top-Notch Audience: Amplify attracts a strong audience of knowledgeable, innovative brokers who have successfully navigated digital transformation. They bring a wealth of experience, sharing what has worked and what hasn’t, creating a rich environment for learning and collaboration. Unparalleled Networking: Engage with decision-makers and industry leaders in an environment designed for meaningful connections. With exclusive networking events, you'll have ample opportunities to build relationships, exchange ideas, and discover new technologies that can enhance your brokerage operations. Cutting-Edge Technology: Explore a wide range of insurtech solutions from both established and emerging vendors. Understand how these technologies integrate with your existing systems to improve efficiency, customer service, and overall business operations. Exclusive Insights: Hear from global thought leaders about the latest trends and innovations in insurtech. Gain actionable knowledge to implement in your brokerage, from new business flows to policy changes and lead generation. Don't miss out on this transformative experience! Secure your spot today and lead the way in digital transformation. 🔗 https://bit.ly/45x3D6O #Insurtech #AmplifyBrokerTechFest #Innovation #DigitalTransformation #InsuranceIndustry #Networking #TechConference #IBACStackathon

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"Understanding the aggregate ecosystem of cyber is paramount to underwriting individual risks because of the interconnected nature. Underwriting a single risk is effectively underwriting the security of interaction with the entire ecosystem of cyber risks," explains Cowbell's Chief Actuary Dan Palardy in his latest article. Learn about cyber catastrophic risk, the importance of modeling it, and the difference between natural and cyber cat risk. https://bit.ly/3UQBd45

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With an influx of InsurTech solutions on the market, Farmers Edge is focused on delivering tailored solutions designed to strengthen and enhance the relationship between producers and insurers. In May, we launched a pilot project in partnership with Saskatchewan Municipal Hail Insurance (SMHI) to enhance their adjudication processes and support risk monitoring. Key Highlights Include: --> Farmers Edge is equipping SMHI with a tailored solution to complement its existing business model -->The project includes access to Farmers Edge weather network for localized weather data along with advanced crop analytics --> Adjusting teams will receive valuable insights to support accurate hail loss adjustments. Read more about how we are working together here -> https://lnkd.in/gBFhNJ2X #Hail #Insurance #ManagedServices #InsurTech #CropInsurance

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One big takeaway from Andrew Au's keynote at the Canadian Reinsurance Conference: the future of insurance relies on multimodal GenAI. Google's Gemini is designed to understand and work with text, images, code, audio, and video. Other models like ChatGPT and Claude are evolving from text-based to other modalities. #generativeAI #insurance #canadianreinsuranceconference Imagine streamlining the life and health underwriting process with multimodal AI analyzing: - E-applications: Extract key details, identify potential red flags. - Tele-interviews: Assess voice patterns, word choice for potential stress or deception. - Scanned Documents: Verify consistency across medical records. - Lab Results: Compare data against risk assessment guidelines. - Attending Physician Statements: Cross-reference with patient information for a comprehensive health picture. The benefits? - Faster Underwriting: Reduce turnaround times, improve client experience. - Reduced Fraud: Uncover inconsistencies humans might miss. - Personalized Risk Assessment: Provide more accurate and tailored coverage.

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AKUR8, a next-generation insurance pricing and reserving platform powered by Transparent AI, has partnered with the Insurance Company of Prince Edward Island (ICPEI), a leading provider of personal and business insurance across Canada. The partnership focuses on leveraging Akur8’s RISK and DEMAND modules to enhance the process of model development at ICPEI. By integrating these tools, ICPEI seeks to refine its rating plans and optimise its overall pricing strategy. Samuel Falmagne, CEO of Akur8, said, “We are excited to partner with ICPEI, an insurance company renowned for its longstanding success in underwriting profitability. Their disciplined approach to risk selection perfectly complements our mission to empower actuarial and pricing teams with the tools to make smarter, faster decisions. We are confident that our platform will further enable their ongoing journey towards excellence.” Marc-Antoine Deom, Vice-President operations at ICPEI, added, “The success of the pilot program has paved the way for our ongoing collaboration with Akur8. This partnership highlights the transformative impact of technology and data-driven insights on traditional insurance practices, enabling us to identify and seize emerging opportunities. By integrating Akur8’s platform into our operations, we will be well-positioned to navigate the evolving insurance landscape.” https://lnkd.in/eegpN9GS #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partership

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#Underwriters have insatiable appetites for information, so the deluge of data made possible by #insurtech innovation has given life carriers the power to see more risks and opportunities than ever before. It’s also raised questions like when is enough enough, and how should risk assessment methodologies be changed to accommodate it? Join Jenna Fariss, and other panelists as they discuss how to think differently and embrace #innovation to effectively use the vast amounts of data and data sources available today.  

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Zala Insurtech News: APOLLO, the Canadian digital insurer and pioneer in the emerging embedded finance sector, has partnered with Dream to provide instant digital insurance solutions specifically designed for tenants across Canada. The post APOLLO Partners with Dream appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

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Antony Xavier, the President and Co-Founder of SimpleSolve Inc. in his new blog, describes essential speed-to-market strategies in the insurance industry . Learn how insurers are navigating challenges to bring new products to customers faster than ever. Stay ahead with #SpeedToMarket #InsurTech  #Innovation #DigitalTransformation #InsuranceIndustry #InsuranceProducts #specialityinsurance #CommunityInsurance #industrygaints #legacyitsystems #AI #ArtificialIntelligence #automation #StreamlineOperations #technology #technologypartnerships #policymodule #DigitalTransformation https://bit.ly/3vZv7VB

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What's the return on investment? Any carrier considering new insurtech needs the answer to this question. CLARA CEO Heather H. Wilson provides examples of how CLARA delivers ROI throughout the claims lifecycle. 🎥 Video courtesy of InsureTech Connect. #augmentedintelligence #AI #generativeai #claimsmanagement #riskmanagement

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Zala Insurtech News: Lloyd’s has announced a new Canadian Core Fixed Income Solution on the Lloyd’s Investment Platform. The post Lloyd’s Boosts Investment Options with Launch of Canadian Core Fixed Income Fund appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

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