Language Tech Market News
52.6K views | +8 today
Follow
Language Tech Market News
The Home of Multilingual Intelligence
Curated by LT-Innovate
Your new post is loading...
Your new post is loading...
Scooped by LT-Innovate
Scoop.it!

Report on Impact of #InsurTech 2018

Report on Impact of #InsurTech 2018 | Language Tech Market News | Scoop.it

Our 2018 report introducing the InsurTech Impact 25 – 25 technology-led businesses well-placed to have an impact on the industry in 2018. Detailed profiles of these 25 InsurTechs and in-depth analysis of the InsurTech landscape in February 2018.

more...
No comment yet.
Scooped by LT-Innovate
Scoop.it!

Machine Learning Used by Over Half of Top Insurers 

Machine Learning Used by Over Half of Top Insurers  | Language Tech Market News | Scoop.it

More than half of insurance firms around the world have implemented machine learning technology into their business, says Earnix, a provider of analytics solutions for the financial services industry, who announced the results of a global survey of more 193 insurance executives today (May 31). Results revealed that over half (54%) of the executives surveyed said that their organisation was using Machine Learning for predictive analytical modelling. Of those deploying the technology, 70% said they were using it for risk modelling, followed by demand models (45%) and fraud detection (36%).

LT-Innovate's insight:

Possibly an indication of market for certain insurance-centric LT solutions

more...
No comment yet.
Scooped by LT-Innovate
Scoop.it!

Interview with Daniele Cordioli, Presales Director at Expert System | Language Technologies / Banking & Insurance

Interview with Daniele Cordioli, Presales Director at Expert System | Language Technologies / Banking & Insurance | Language Tech Market News | Scoop.it
The Language Technology Industry Summit 2017 will illustrate how language technology addresses challenges in banking and insurance. Cognitive computing leader Expert System will provide insights and case studies from the financial sector. We have interviewed Daniele Cordioli, Presales Director at Expert System:
more...
No comment yet.
Scooped by LT-Innovate
Scoop.it!

Allianz Picks @Predictice For #NLP-Driven Litigation Prediction

Allianz Picks @Predictice For #NLP-Driven Litigation Prediction | Language Tech Market News | Scoop.it

Global insurance company, Allianz, has chosen French legal AI company, Predictice, to help it with litigation analysis and case prediction. The system is founded on the use of natural language processing software which has been trained via machine learning to automatically read French cases. The data is then analysed for patterns that are relevant to the client, in this case, an insurance company, and this allows the client to find insights into the character of a new case.

more...
No comment yet.
Scooped by LT-Innovate
Scoop.it!

#NLU Helps Transform Insurance Underwriting

#NLU Helps Transform Insurance Underwriting | Language Tech Market News | Scoop.it

Machine learning, specifically natural language understanding (NLU), enables insurers to pore through more abstract sources of information, such as Yelp reviews, social media postings, SEC filings and so on, and pull pertinent information together to more adequately assess the insurance carrier's potential exposure.
"[With NLU] our ability to actually look at these textual data sources and pull out highly relevant information is greatly increased," said Andy Breen, SVP at Argo Digital. "We're making use of these information sources that weren't available or easily disseminated before."

LT-Innovate's insight:

It's just #NLProc, but the "understanding" word helps sell it. 

more...
No comment yet.