Jakob Muziol

We had the pleasure of collaborating with Dr. Robin Kiera from digitalscouting, who interviewed Dr. Moritz Finkelnburg from Convista at the Messekongress Schadenmanagement & Assistance in Leipzig. They discussed fraud detection in the insurance industry and the crucial role of AI and digitalization in addressing these challenges. A highlight was Moritz's account of astonishing fraud cases, including a dramatic wedding insurance claim in Vienna. Don't miss the latest trends and strategies in fraud prevention! Access the full report here: https://lnkd.in/eBMryQD7 #Insurance #FraudPrevention #AI #Digitalization #ClaimsManagementCongress

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“Artificial Intelligence at Zurich Insurance - Two Use Cases” https://lnkd.in/gqnpJ26g Zurich Insurance Group, founded in 1872 and based in Zurich, Switzerland, is a leading multi-line insurer that serves over 55 million customers across more than 210 countries and territories. The company provides a broad range of property, casualty, and life insurance products and services. In 2023, Zurich reported a significant increase in business operating profits, achieving USD 7.4 billion, marking a 21% rise from the previous year. The company has made substantial investments in AI to improve its services and operational efficiencies. According to its website, Zurich has implemented over 160 AI use cases throughout various divisions. In 2022, it introduced the AI Assurance Framework (AIAF) to ensure responsible AI deployment across its operations. This article examines two specific AI applications that are integral to Zurich’s strategic objectives: - Managing account receivables - Automating claims with high accuracy #ZurichInsuranceGroup #AI #InsuranceTech #BusinessGrowth #OperationalEfficiency #ArtificialIntelligence #FinancialServices #InsuranceClaims #TechnologyInnovation #GlobalInsurance #LifeInsurance #PropertyInsurance #CasualtyInsurance #AIIntegration #InsuranceIndustry

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#IBTV: The insurance industry has been making strides towards diversity, equity, and inclusion. But how well is it welcoming different ethnicities? In this edition of the Big Question series, we hear from members of the iCAN: The Insurance Cultural Awareness Network, LIIBA - London & International Insurance Brokers’ Association, and Allianz. Discover their perspectives and insights on this important topic: https://hubs.la/Q02FyHnj0

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We are extremely proud to announce a strategic alliance with Swiss Re! Swiss Re, a global leader in reinsurance, has been investigating innovative technologies in order to boost digital transformation in group insurance. Among the IDP vendors that were evaluated, Cortical.io stood out for its ability to accurately process complex provisions and its user-friendly, no-code interface. From now on, Cortical.io's Intelligent Document Processing solution SemanticPro will be offered to Swiss Re’s clients to help them automate labor-intensive insurance processes like intake, submission and quoting. 👇 Read more in the press release! #IDP #AI #IntelligentDocumentProcessing #InsurTech #InsuranceTrends #Innovation #DigitalTransformation #Automation

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A great read for anyone interested in the #StartUp and #InsurTech culture by our Head of B2B Partnerships AnneLi Meisel! She gives insights into the StartUp scenes in the US and Germany, which show notable differences, but also interesting parallels. Read more in the DAS INVESTMENT article ⤵️

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🔬 Understanding Cancer Mortality Patterns in Insured Lives 🌟 Munich Re Life's Murali Niverthi offers an in-depth analysis of cancer mortality patterns in insured lives. By examining key data trends and insights, insurers can better assess risk and develop more effective underwriting strategies. This knowledge is crucial for enhancing product offerings and providing better protection for policyholders. Discover how this research is paving the way for more informed decision-making in the insurance industry: https://ow.ly/G3CV50SzE1C #MunichReLifeNA #InsuranceResearch #CancerMortality #RiskAssessment #Underwriting #LifeInsurance

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What technology innovations have the potential to transform insurance in 2024? 🛡️☂️🏥 Find out in our new booklet presenting the top 10 trends we picked from the “Insurance Tech Trend Radar 2024” by ERGO Group AG and Munich Re. 💡 Tip: you can download the booklet as PDF in full-screen mode. ---- Interested in digitization of the financial and insurance industry? Download our free e-book here: 👉 https://bit.ly/FinEbook-EN #insurance #technology #trends #innovations #AI #datafabric #datamanagement #datagovernance #digitization

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🚀 Joining us for #insureNXT 2024 in Cologne? 🚀 Philipp Schaeuble and Tobias Wehling look forward to representing ALAIKA Advisory at this premier insurance industry event on May 28th & 29th! In our rapidly changing industry, exchanging about the latest trends, challenges, and opportunities is essential. insureNXT offers invaluable insights and excellent networking opportunities to help us stay ahead of the curve. We are looking forward to connecting with industry leaders and exploring innovative solutions together! See you there! 👋 #Cologne #insureNXT #InsuranceInnovation #DigitalTransformation #IndustryTrends

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The climate crisis is intensifying disasters, leaving frontline communities trapped in a cycle of loss. Recovery efforts must go beyond mere rebuilding and focus on resilience.   To ensure resilient recovery, we must listen to and work together with communities to understand the specific challenges they face.   Find out more on our work with The Zurich Flood Resilience Alliance and the Urban Climate Resilience Program, which develops solutions that account for changing risks and empowers communities to withstand future climate shocks   ➡️ https://lnkd.in/dm3BakDh #ResilientRecovery #AdaptingtoClimateChange

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In this episode of InsurTech Amplified in partnership with Insurtech Insights, Dr. Christian B. Westermann shared his fascinating journey from being a physicist specializing in space science to becoming the Group Head of AI at Zurich Insurance. His narrative underscores the value of a multidisciplinary approach, highlighting how diverse experiences in different sectors can significantly enhance one’s problem-solving capabilities and adaptability. Transitioning from technical roles in space missions to tackling technological challenges in the insurance industry, Christian’s career exemplifies the dynamic nature of professional growth and the importance of staying attuned to evolving industry trends. Christian also explored the evolving, transformative role of AI in the insurance industry. His insights into the integration of tools like ChatGPT at Zurich Insurance illustrated the profound impact of AI on traditional business operations, emphasizing efficiency and innovation in processing and understanding complex data. Moreover, he expressed a balanced perspective on the potential risks associated with AI, such as data biases and the necessity for rigorous risk management. Through his experiences, Christian highlighted the critical need for continuous learning and adaptation, offering a blueprint for professionals aiming to leverage technology to solve complex industry challenges. If you would like to connect with industry leaders and hear from global thought leaders, attend InsurTech Insights June 5th and 6th at the Javits Center in New York. If you don’t have tickets yet, use code INSURTECHAMP30 before May 31st for 30% discount! See you in New York! #insurtech #insurance #InsurTechAmplified #insurtechinsights #ITIUSA24

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🎥 At #RISKWORLD 2024, we asked experts if the property insurance market is finally softening. 📊 Here's what they had to say. 👉 Watch our short video now: Chris Mandel, RIMS-CRMP, ARME, CPCU, Dr. Hannes Raoul Endriß

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Zurich Insurance Group has announced the winners of its Fifth Innovation Championship. The nine winners all excelled in fulfilling Zurich’s ambition: leveraging technology to transform the customer experience. Ericson Chan, Group Chief Innovation and Digital Officer commented on the awards, saying: “As technology continues to advance rapidly, we must keep innovating at pace. All of this year’s winners use AI to redefine risk assessment, underwriting, claims, and customer interaction. By working together with these startups, we can rapidly leverage those new ideas and technologies to deliver a standout customer experience.” This year’s winners across the four challenges, with an additional two wild-card winners, are: ➡ Commercial Insurance: CLIMADA Technologies, Sixfold ➡ Digital Simplification: Parloa GmbH, Merlynn Intelligence Technologies ➡ Life & Health: NalaGenetics, Accuhealth ➡ Retail P&C: LoyJoy GmbH ➡ Wild-card winners: AlphaGeo, Mentionme #insurtechinsights #insurancenews #zurich #innovation #insurtech https://lnkd.in/eQJziU7M

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Mark Klein Digital Officer of ERGO Group AG, discusses why Gen AI is critical to the future of insurance during his presentation at Insurtech Insights Europe, 2024 in March. He says: "It will work on all aspects of our value chain. It will increase our premium volume by individual better pricing. It will help us to reduce claims costs by reducing fraud - and this is where we are currently looking in detail - it will dramatically drive efficiency." #insurtechinsights #insurance #digitaltransformation #genai

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Electric Vehicles (EVs): A Rising Opportunity and Near-Term Challenges for Insurers The global surge in electric vehicle (EV) sales is reshaping the motor insurance landscape, creating both opportunities and challenges for insurers. Swiss Re Institute's "Economic Insight" report forecasts a substantial increase in the EV insurance market, with estimates exceeding $200 billion globally by 2030, compared to $51 billion in 2022. Key Insights: EV sales are rapidly growing, accounting for 18% of all car sales in 2023 and expected to comprise half of all new car sales globally by 2035. New driving behaviors, higher repair costs, and unique vehicle risks associated with EVs are impacting underwriting profitability. EV repair costs are on average 26.6% to 35% higher than internal combustion engine (ICE) cars, attributed to factors like complex diagnostics and integration. Challenges and Opportunities: EVs' unique risk features and repair costs present challenges for the insurance industry. Closer collaboration between EV producers and insurers could help address near-term underwriting challenges and lead to innovative EV insurance solutions. The rapid growth of EVs presents insurers with a new risk pool and an opportunity for deeper cooperation with EV producers to develop tailored insurance solutions. Source- https://lnkd.in/d8f9dU8a #ElectricVehicles #InsuranceIndustry #EVInsurance #Insuranceadvisors #Insurancebrokers #InsurancePolicy

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Do you want to develop your business in Germany? Doing business abroad brings new opportunities but also new risks. Discover our last report on risks and opportunities in Germany. Discover our country report: https://ow.ly/FRO950RnMv5 #allianz #allianztrade #business #germany

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🚗Last week, the Assekuranzforum took place in Neuss, hosted by the insurance group @RheinLand. The event was moderated by Thomas Köhne from the The Berlin School of Economics and Law. Our Head of Sales, Wolfgang Reelitz, presented how connected car data can support the insurance industry, which car manufacturers are involved, and existing use cases. He piqued the interest of the audience with examples such as stolen vehicles, first notification of loss, and pay-how-you-drive. 😎 We extend our thanks to Dr. Arne Barinka, CEO of RheinLand Versicherungsgruppe, CEO of @Rheinland Versicherung Group, for his insightful opening speech, which set the tone for an engaging and productive gathering. Last year, we had the opportunity to conduct a very insightful study📖 in collaboration with Rheinland Versicherung, offering a valuable glimpse into the connected car market for the insurance industry. ❤️ We would like to thank Sabine Otten for the great collaboration and for hosting the event! You can access the study here: https://lnkd.in/e7MK5V_j At the end of the discussion, it was clear that the digitalization journey is progressing rapidly.💻 Furthermore, we emphasized the vital importance of not only having access to connected car data but also using it intelligently to achieve impactful results. #dataplatform #connectedvehicles #connectedcar #automotiveaftermarket #invehicledata #automotivecardata #cardata #carusodataplace #automotive #InsurTech #KFZ #Telematics #Digitalization #takeaways #insurlabGermany #cooperation #innovation #KfzVersicherung

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What makes for excellent eTrading performance?   What works best?   How do you create eTrading excellence  What are brokers looking for?        Join us for the next in our 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗘𝘅𝗰𝗲𝗹𝗹𝗲𝗻𝗰𝗲 series - A deep dive into the results and findings of the 2024 𝙁𝙞𝙫𝙚 𝙎𝙩𝙖𝙧 𝙍𝙖𝙩𝙞𝙣𝙜 𝙍𝙚𝙥𝙤𝙧𝙩: 𝙚𝙏𝙧𝙖𝙙𝙞𝙣𝙜, in association with Zurich Insurance.   For more details and to register your place head to https://bit.ly/3VBaVC8    #InsuranceTimes #InsuranceTimesWebinars   

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