How to Become an Algorithmic Insurer
With new technologies, business models, and competitors entering the insurance industry at an increasing rate, to attract and retain the most valuable customers, you must innovate and accelerate decisions and operations. Instead of canned “black box” applications that are difficult and costly to change, why not build your valuable IP into advanced algorithms that can be deployed on a real-time configurable platform?
- Introduce complex Artificial Intelligence and Machine Learning models to improve your assessment of risk
- Deploy advanced analytical models into a real-time execution environment to automate dynamic decisions
- Take advantage of a platform approach to reduce cost and complexity challenges with “black box” applications
- Explore use cases such as dynamic pricing, predictive claims, real-time fraud, and holistic customer engagement
Mark Elder – Director, Global Vertical Solutions, TIBCO Software Inc.