Insurers Are Working to Shore Up the $2 Billion Carbon Offset Market – Nexus Vista

Knowledge fraud, questionable accounting practices and intensified catastrophes are simply among the points which have battered the voluntary carbon market. These misfortunes have helped spur a brand new line of enterprise: Insurance coverage insurance policies designed to de-risk credit that polluters purchase to neutralize their local weather affect. Whether or not insurance coverage can assist … Read more

How insurers can win the race to AI maturity | Insurance coverage Weblog – Nexus Vista

Synthetic intelligence has been round for the reason that Nineteen Fifties, however over the past a number of years the enterprise potential of AI has expanded dramatically. We now dwell in a world the place large information and highly effective computational capabilities permit AI to flourish. Firms—together with insurance coverage carriers—are investing in establishing information … Read more

Why good insurers are modernizing their mainframe now | Insurance coverage Weblog – Nexus Vista

In a market that calls on insurers to be agile and digitize at scale, an insurer’s mainframe can both catalyze or inhibit progress. Whereas the mainframe was as soon as a precious core technological perform, many legacy mainframes lack the agility to satisfy the calls for of buyer expectations and fast digital progress. The decision … Read more

Insurers harness cloud energy and cut back tech debt | Insurance coverage Weblog – Nexus Vista

With all the thrill round ChatGPT and generative AI, it’s vital to do not forget that cloud is the underpinning. Insurers might want to replatform by migrating to the cloud to allow innovation and progress by these new and rising applied sciences. On the similar time, they’re taking a tough have a look at their … Read more

Life insurers reveal tech methods to spice up CX | Insurance coverage Weblog – Nexus Vista

The tech-powered working mannequin analysis reveals {that a} broad enterprise expertise technique is essential for enterprise success. A part of that success comes from a frontrunner’s capacity to scale expertise to drive distinctive buyer experiences and new worth propositions. In help of such an endeavor, insurers, pushed by velocity to market with new and differentiated … Read more