The use of AI in closed-block migrations can reduce both time and costs by 20% to 40%, enhancing efficiency and boosting profitability. The technology is continuously improving, and can now map and analyze up to 80% of data in legacy systems, with even higher results expected in the near future. Explore our newest article and discover how AI is automating closed-block migrations and creating new opportunities for insurers. 👉 https://lnkd.in/dJZNpBK9 Samantha Chow #insurance #lifeinsurance #GenerativeAI
À propos
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- Site web
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https://www.capgemini.com/industries/
Lien externe pour Capgemini Financial Services
- Secteur
- Services financiers
- Taille de l’entreprise
- + de 10 000 employés
- Siège social
- Paris, Paris
Nouvelles
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Double tap to agree. Repost if you strongly agree Uncertain? Click the link in the comments. Arindam Choudhury, Ashvin Parmar, Ajish Gopan, Tej Vakta #Sustainability #ESG #Environment #CorporateGovernance #ArtificialIntelligence #NPL #MachineLearning #GenAI
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By 2050, more than one-third of the world’s population will be over 50 years old, doubling the figures from 1990. Tapping into this emerging market is vital for insurers, but they need to be ready to build products that cater to this group’s evolving needs. To do this, insurers need to identify their motivations for creating specific new products and streamline the review process. What other steps are worth taking? Read our article on turning insurance products into success and learn how to maximize the opportunities presented by the great wealth transfer. 👉 https://ow.ly/31Ju50StCh4 Samantha Chow, Parth Kanetkar, Ujjwalita Preejush, Divij Chopra #lifeinsurance #wealthtransfer #nextgen #transformation #innovation
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Generative AI is transforming the migration of life insurers from closed blocks to new platforms by making the process faster and less costly. It analyzes vast amounts of data quickly and automates key tasks such as extracting logic, mapping data, and removing outdated code. Generative AI can also automatically document legacy processes in clear language, aiding both IT and business professionals. Read our new article and see how AI not only streamlines this migration but also helps insurers better understand legacy operations, prepare data for new systems, and ensure these systems function correctly. 👉 https://lnkd.in/dJZNpBK9 Samantha Chow #insurance #lifeinsurance #GenerativeAI
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The intersection of AI and behavioral finance has never been more critical. Several instances, such as the GameStop frenzy, underscore the significant influence of emotions and biases on financial decisions, prompting a critical reassessment of market dynamics and investor behaviors. According to the World Wealth Report, 65% of HNWIs acknowledge the impact of biases on their decision-making. Artificial intelligence has a vital role to play in mitigating biases, optimizing portfolios, and maximizing investment strategies in today’s volatile macroeconomic environment. In a conversation with Nilesh Vaidya, we explored how AI and behavioral finance are reshaping the industry. #AI #WealthManagement #WWR24 #HNWI
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By strategically moving to ISO 20022, expanding data entities, and harnessing the power of artificial intelligence and machine learning algorithms, financial institutions can unlock a host of benefits. These include significantly enhanced accuracy and speed and a substantial reduction in false positives in fraud detection methods. Our latest paper with MongoDB provides a detailed overview of data attributes, along with types of validation approaches that can be used to detect fraud and the typical pattern analysis associated with these validations. This empowers you to detect, prevent, and respond to fraud in real time. Download your copy today! https://bit.ly/CNP_Fraud Saurabh Khandelwal, PMP, Shiv Pullepu, Arindam Choudhury #FinancialServices #Fraud #Data #GenAI #AI
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Capgemini Financial Services a republié ceci
In an industry like #insurance, maintaining competitive differentiation is vital. Capgemini recently supported a leading global insurance provider that wanted to personalize its products in the mid-market and SME segment, empowering its underwriters to create tailored products quickly. Standing in the way of this ambition was its IT ecosystem, which was prone to errors and forced underwriters to start almost everything from scratch. Capgemini delivered a streamlined solution, a new platform that has reduced the go-to-market time for a product from 28 weeks to just ten. Find out how our experts did it: https://bit.ly/3RUkRpl
A leading insurer grows its customer base by investing in its underwriters
https://www.capgemini.com
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Does the next generation of consumers care about life insurance? Younger audiences are interested in new solutions that can help them live well and age well, but insurers' current product innovation initiatives are unable to create the right set of product offerings. An intentional, proactive, structured, evidence-based approach to product innovation can promote a more seamless product development process and reduce the likelihood of failures along the way. Our latest article offers insights into product development challenges to meet the next generation’s demands for holistic, wellness-driven life insurance solutions. 👉 https://ow.ly/UqNF50SwFNw Samantha Chow, Parth Kanetkar, Ujjwalita Preejush, Divij Chopra #lifeinsurance #innovation
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How did a leading insurer generate a 20% improvement in the efficiency of processing new business? A newly developed platform for underwriters and brokers has allowed them to achieve remarkable outcomes: supporting the rollout of over 60 new products across 10 countries, improving straight-through processing efficiency, and reducing operational staff needs. Interested in learning more? Explore our latest case study and see how the company achieved all of that and much more. 👉 https://ow.ly/R5Te50SoSFw #Propertyandcasualty #insurance #underwriting #GenerativeAI #clientstory
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Capgemini Financial Services a republié ceci
CEO of Financial Services SBU and Chairman APAC SBU at Capgemini | Member of the Group Executive Board | FinTech, Digital Transformation, Innovation, DEI
A digital revolution is sweeping across the Asia-Pacific region that is reshaping the fundamentals of financial services. We are witnessing a remarkable adoption of automation and AI-powered predictive strategies to drive better business outcomes. In India, the leadership at display has sparked groundbreaking advancements, such as Unified Payments Interface (UPI), same-day settlement, and Open Network for Digital Commerce (ONDC). While Singapore and Australia continue to forge ahead with distinctive approaches to retail settlement and currency exploration. During a recent visit to India, I spent some time with Hamsini Karthik at The hindu businessline to look at the transformative impact of these advancements on the financial ecosystems. https://lnkd.in/ehHUzhYY
Lines are blurring in tech spends: Anirban Bose, CEO, Financial Services, Capgemini
thehindubusinessline.com