EIS has announced the launch of ClaimSmart, an intelligent cloud solution designed to redefine the claims management landscape. Leveraging the power of Artificial Intelligence and Machine Learning, ClaimSmart enables insurers to dramatically reduce the cost of claims, while significantly increasing the quality of the customer experience.

Many insurers aren’t yet equipped to integrate multiple technology partners into the claims process.

In the insurance industry, fundamental shifts are happening thanks to AI, and being able to navigate these evolutions requires an eye on the big picture. For Rory Yates, the ecosystem-first mindset is just one of the ways that insurers can capitalize on the potential that AI offers, but there’s still a lot of work to be done.

2024 will be a corrective year for motor insurers as they move back towards profitability, industry experts have predicted.

In this latest Thought Leadership article, Rory Yates, Chief Strategy Officer at EIS, examines the Gap insurance quandary and explores how the FCA is attempting to level the playing field for customers.

SME group benefits are a blue ocean opportunity ripe for the taking says Jonathan Phillips protection lead, EIS

The move by the FCA to restrict sales of guaranteed asset protection insurance is a sign of a faster approach to market intervention.

’While it’s possible to set general principles, how do you translate that into something that’s going to work for every company or use case?’ says head of analytics

At The Fintech Times we frequently encounter companies touting their latest products as ‘innovative’ that promise to ‘revolutionise’ the industry. While the allure of innovation is undeniable, the question arises: should organisations prioritise refining existing offerings through evolution before embarking on revolutionary ventures?

2024 will be a corrective year for motor insurers as they move back towards profitability, industry experts have predicted.

In this latest Thought Leadership article, Rory Yates, Chief Strategy Officer at EIS, examines the Gap insurance quandary and explores how the FCA is attempting to level the playing field for customers.

SME group benefits are a blue ocean opportunity ripe for the taking says Jonathan Phillips protection lead, EIS

The move by the FCA to restrict sales of guaranteed asset protection insurance is a sign of a faster approach to market intervention.

’While it’s possible to set general principles, how do you translate that into something that’s going to work for every company or use case?’ says head of analytics

At The Fintech Times we frequently encounter companies touting their latest products as ‘innovative’ that promise to ‘revolutionise’ the industry. While the allure of innovation is undeniable, the question arises: should organisations prioritise refining existing offerings through evolution before embarking on revolutionary ventures?

‘The great collision’ represented by AI is already underway, according to Rory Yates (pictured), global strategic lead at EIS, and he’s got some stark warnings for the insurance industry and how it’s currently utilising AI tools.

The protection industry is facing challenges, but it also has an opportunity to transform itself by putting customers first and leveraging technology to create value.

The rising cost of living is causing many UK consumers to cancel insurance policies, leading to a surge in uninsured drivers and putting pressure on insurers.

Amazon has announced the closure of its UK Insurance Store just 15 months after its launch, citing a strategic shift in focus and sharing valuable lessons learned from the venture.