Category Archives: Insurance Industry

AI in Decision Domain 

Posted on April 30, 2022 by decisionmanagementcommunity

An interesting discussion has started by this LinkedIn post: Typically, we analyze data and models from the operational domain. However, no amount of crunching on this data will reveal opportunities for decision advantage – because there is no information about … Continue reading →

Posted in Artificial Intelligence, Decision Making, Decision Modeling, Human-Machine Interaction, Insurance Industry, Knowledge Representation | Leave a comment

Opinion: Traditional Rule Engines Outlived their Usefulness

Posted on August 5, 2019 by decisionmanagementcommunity

This LinkedIn article “How Traditional Rules Engines Stifle Innovation” states: “AI and advanced analytics are key to life insurance innovation. While the industry tries to make use of these technologies, the insurance application continues to play a central role in … Continue reading →

Posted in Decision Making, Insurance Industry, Rule Engines and BRMS | 1 Comment

Alexa for Insurers

Posted on April 2, 2019 by decisionmanagementcommunity

Alexa, Amazon’s virtual assistant that powers Amazon’s Echo, is a tool insurance companies are using to leverage voice recognition and increase their value to their customers. Liberty Mutual offers its customers the option to use Alexa to get an auto … Continue reading →

Posted in Human-Machine Interaction, Insurance Industry, Natural Language Processing | Leave a comment

Is Your Insurance Business Missing a Critical Decision Window When it Comes to AI?

Posted on February 12, 2019 by decisionmanagementcommunity

Yesterday Craig Bedell from IBM’s Global Insurance Industry Leadership Team wrote: “I believe most insurance companies have hit a critical point in time with regards to their investments in analytics, innovation and even AI, where business leaders are measuring more … Continue reading →

Posted in Business Analytics, Business Processes, Decision Modeling, Insurance Industry, Machine Learning | Leave a comment