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📅 London Insurance: Quantexa, Accenture & Google Cloud - Contextual next-gen AI insurance market 📅
Join us in London for our Accenture | Google Cloud | Quantexa Insurance roadshow stop, Oct 24, 2023 - 3pm to 7 pm BST - Operating in a Contextual Next-Gen (AI) insurance market at Google London. You’ll receive practical guidance on how to grow quickly but stably, and how to optimize your core business for tomorrow’s future…
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Allied Market Research Forecasts Insurance Fraud Detection Market CAGR 24%
According to a new report published by Allied Market Research, titled, “Insurance Fraud Detection Market," The insurance fraud detection market size was valued at $3.3 billion in 2021, and is estimated to reach $28.1 billion by 2031, growing at a CAGR of 24.2% from 2022 to 2031. Insurance frauds cover the range of improper…
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Get voting for Quantexa - it only takes 10 seconds!
Hi All I am delighted to announce we are one of the finalists for the Guidewire InsurTech pitch competition. So…. Please get voting for us in the guidewire pitch day competition. It takes about 10 seconds and requires no details. Thank you Alex
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The changing shape of fraud in the UK market - ABI Fraud Statistics
With the latest release of the ABI fraud statistics, there have been some interesting numbers highlighted. The figures indicate that the total number of fraudulent claims detected fell by 19%. But looking deeper at the figures – whilst the number of fraudulent claims detected reduced, the average value of a suspicious or…
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Insurance Roadshow - Sydney 9/14/23 - JOIN US!
To successfully operate in a contextual NEXT-GEN #insurance market, insurers of the future need hyper-personalized decisions through a uniquely holistic and contextual view of #data. And #AI can provide a solution. Join #Quantexa, Accenture and Google Cloud in Sydney on September 14 as we bring practical, thought-provoking…
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Insurance Roadshow - Singapore - 9/12/23- JOIN US!
#Data & #AI is now the richest asset for an #insurer, yet it is still being under-leveraged. Maintaining rapid advancements to competitively differentiate, personalize and execute in a NEXT-GEN world needs to start now. Join #Quantexa, Accenture and Google Cloud in Singapore on September 12 as we bring practical,…
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Perspectives on the impact to insurers of the consumer duty act in the UK
Introduced to enhance consumer protection, the new Consumer Duty Act places a greater emphasis on fair treatment, transparency, and customer-centricity has significant implications for the insurance market. Insurers are now mandated (not just recommended) to act in their customers' best interests, ensuring that products…
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Why are some insurance companies pulling out of high-risk areas like Florida and California?
Insurance companies have seen an increase in costs associated with natural disasters, hurricanes, wildfires and rising litigation costs - all of which make it difficult to operate profitably in California and Florida. Many insurers are now reconsidering their decision to provide new insurance policies in these states due…
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Poor data quality can hurt the insurance industry's ability to detect and prevent fraud
We see that the insurance market consists of many poor and varied qualities of data. This is increasing the ease for fraud to slip through submission, on-boarding, claims and payment processes undetected. It is often hard to solve the route cause, so we have developed smarter techniques of #datafusion using #ai to improve…
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Malaysian Insurance Industry Showcase
At the start of this month we hosted our 3rd Malaysian industry showcase on the impact of insurance fraud in the industry and this was the biggest yet. More speakers, more statistics, more demos and more attendees. We have now had over 250 industry leaders support our showcases! We covered topics such as: Fraud and special…
