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Relativity6 Launches AI-Powered Hazard Flags to Detect Risk in Commercial Insurance Submissions
Boston-based AI solutions provider Relativity6 has announced the release of its latest tool, Hazard Flags. The new product utilizes advanced machine learning algorithms to detect potential risks in commercial insurance submissions, helping insurers streamline their underwriting processes and make better-informed decisions about policies.
With Hazard Flags, insurers can quickly and accurately identify potential hazards and red flags in insurance submissions, allowing them to make more informed decisions about which policies to accept and which to reject. The technology works by analyzing large amounts of data from digital footprints in real-time.These risks are flagged for underwriters, who can review them and make more informed policy decisions.
The tool is a prime example of how artificial intelligence is transforming the industry, making it more efficient and effective. With the amount of data generated by insureds increasing every day, the ability to quickly and accurately assess risk is becoming increasingly important.
“We believe that Hazard Flags has the potential to revolutionize the way and speed at which insurers underwrite commercial policies,” said Ringvald. “By automating a key part of the risk assessment process, we can help insurers reduce their workload and increase their efficiency, allowing them to focus on providing the best possible service to their clients.”
The release of Hazard Flags comes at a time when insurers are increasingly turning to artificial intelligence to improve their underwriting processes. With more data than ever before available to insurers, the ability to quickly and accurately analyze that data quickly is becoming essential.
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Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action
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One Inc Expands Life Insurance Payments Ecosystem Through Partnership with Equisoft
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Lloyd’s and Ireland’s Department for Finance Announce Strategic Collaboration to Drive Insurtech Innovation
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Asia Insurance Has Launched With CoverGo To Enable End-to-End Health Insurance Digital Experience
Asia Insurance, one of the leading general insurers in Hong Kong and Macau, has officially gone live withCoverGo’s next-gen, end-to-end health insurance platform, to power a fully digital, end-to-end health insurance journey for its customers, distribution partners, and internal teams.
Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action
Sixfold, the underwriting AI company, today announces that it has expanded its P&C platform with Referral Agent – a major step toward AI that doesn’t just deliver insights but acts on them. Referral Agent flags cases for referral and builds a ready-to-send package in one click, setting the stage for more action-oriented capabilities across underwriting.
One Inc Expands Life Insurance Payments Ecosystem Through Partnership with Equisoft
One Inc, the leading payments network for the insurance industry, today announced a partnership with Equisoft, a global provider of advanced digital solutions for the financial services industry. The collaboration brings together One Inc’s PremiumPay® platform and Equisoft’s industry-leading life insurance policy administration solutions to deliver a frictionless, modern premium payment experience for insurers and their policyholders.
Lloyd’s and Ireland’s Department for Finance Announce Strategic Collaboration to Drive Insurtech Innovation
Lloyd’s and Ireland’s Department of Finance announced a new strategic partnership to foster insurtech innovation and promote Irish expertise on a global stage
Why Millennials and Gen Z Are Choosing Life Cover and Delaying Marriage and Kids
A growing number of UK adults under 40 are postponing traditional life milestones, with far-reaching implications for financial planning and insurance uptake. Capital for Life explains how younger generations are reshaping the market and what insurers must do to keep pace.
Chubb and Endeavor Forge Global Partnership to Empower Entrepreneurs and Support Emerging Market Economic Growth
Chubb Limited (NYSE: CB) and Endeavor have announced a unique global partnership that supports and advances high-impact entrepreneurs. This partnership underscores Chubb and Endeavor's shared commitment to foster innovation, cultivate the start-up culture and contribute to economic growth in emerging markets globally.
OpenDialog AI and P J Hayman Partner to Redefine Digital Travel Insurance Journeys
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