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Revolutionizing Insurance: Optimize Your Claims Process to Drive Customer Satisfaction and Retention

Precisely

Key Takeaways: Insurers provide better customer experiences with claims processes that are simple, fast, empathetic, and deliver proactive communication throughout. For most people, insurance is a safety net that remains out of mind until it becomes necessary – typically when an incident occurs and they’re filing a claim.

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Customizing Personal Lines Insurance with Location Data

Cloudera

Insurers are increasingly adopting data from smart devices and related technologies to support and service their customers better. I have been researching more about how we can use the new data from those devices to design more innovative insurance products while being aware that these should all be contingent upon customer opt-in.

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Machine Learning in Insurance: Applications, Use Cases, and Projects

ProjectPro

Ever wondered how insurance companies successfully implement machine learning to expand their businesses? Despite its long history of resistance to innovation, the insurance sector is currently experiencing a digital revolution. For both applicants and insurers, this quick move has significant implications.

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How insurers can better deliver at “The Moment of Truth”

Cloudera

Insurance is no different. Insurance is not something the average consumer thinks about every day but when a life changing event happens, insurance becomes extremely important. It is in this “Moment of Truth” that insurers excel or fail. To provide the best price, the insurer needs to better understand their customer.

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How Financial Services and Insurance Streamline AI Initiatives with a Hybrid Data Platform

Cloudera

The way to manage this is by embedding data integration, data quality-monitoring, and other capabilities into the data platform itself , allowing financial firms to streamline these processes, and freeing them to focus on operationalizing AI solutions while promoting access to data, maintaining data quality, and ensuring compliance.

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Best of 2022: Top 5 Insurance Blog Posts

Precisely

In insurance, data is everything. Let’s explore the impact of data in this industry as we count down the top 5 insurance blog posts of 2022. #5 5 3 Steps to Increase Insurance Claims Satisfaction In the insurance world, a good digital CX is a distinct competitive advantage. . #5

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Commercial Lines Insurance- the End of the Line for All Data

Cloudera

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Another historic example is crop and livestock insurance in Germany in the 1700s.