ANZ OnePath using AI and fuzzy logic to avoid ‘the dreaded other’
Applying for life insurance is a long and often frustrating process. Thousands of questions on seemingly every medical condition ever suffered – except yours. Or so it appears.
Applying for life insurance is a long and often frustrating process. Thousands of questions on seemingly every medical condition ever suffered – except yours. Or so it appears.
ANZ Wealth is collaborating with researchers at the University of Technology Sydney to explore how machine learning models can improve the insurance underwriting process.
When he assesses a potential client for cyber risk insurance, Fergus Brooks, national practice leader of cyber risk at Aon, says he is much more interested in their operational approach to cyber threats than in their cyber threat protection technology.
With cyber security threats on the rise worldwide, companies have begun utilising traditional risk transfer mechanisms, like insurance, to try and mitigate cost impacts if a data breach occurs.
Australian insurance giant IAG is opening a InsurTech innovation hub in Singapore, tasked with creating new products and services for the local and Asian market.
In the insurance business, everyone's headed into the hinterland. But the cost of every new branch can bite deeply. Here's how going Open Source helped ING Life save US$1.7 million and funded its expansion plans.
Today, your customers want service quickly, at their convenience. Customers need to be able to do everyday banking, open accounts, sign loans and more, from anywhere, at any time, on any device. They are seeking the omni-channel experience, with the flexibility to start a transaction in one channel and complete it in another. As a result, the traditional way of signing forms and documents is changing – from paper to paperless. Read more here