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Blog: Harnessing the power of social media to tackle insurance fraud

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Social media is providing insurers with a time-saving and cost-effective weapon in their armoury to fight fraud

Traditionally, identifying fraudulent claims has required the use of expensive, time-consuming surveillance techniques. Insurers had to have a strong suspicion that something was amiss, and the value

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Amazon on how insurers can get out of pilot purgatory

Insurers looking to move beyond proof-of-concept pilots must focus on customer problems, matching AI tools to specific tasks and establish clear guardrails, according to Terry Buechner, global head of insurance core system modernisation at Amazon Web Services.

Guidewire pays £1.2bn for Hyperexponential

Guidewire is set to buy Hyperexponential for $1.7bn (£1.27bn), with $400m (£300.05m) more payable if recurring revenue targets are hit, as it looks to ‘define’ the use of artificial intelligence in underwriting.

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