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Predictions 2025: Tech Spending Will Surge, But Can AI Deliver On Its Promises For Insurance In 2025?

Forrester IT

AI’s promise of transforming underwriting, claims, and customer experience remains untapped, and only a tiny fraction of insurers will harness its full potential by 2025. Tech-driven product innovation such as embedded insurance and usage-based insurance may yield faster results, but long-term AI gains remain on the horizon.

Insurance 395
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How Health Insurers Can Regain The Medicare Advantage

Forrester IT

However, policy shifts and market changes have made it harder for insurers to achieve performance and profit goals. Amid declining financial performance, insurers like Cigna have reduced their presence or exited MA altogether. Humana, after a significant quality rating […]

Insurance 195
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Make Cyber Insurance Work For You

Forrester IT

Three factors are certain to influence your cyber security program today: regulations, third-party partners, and cyber insurance. Increasingly stringent requirements, exclusions, and policy premium costs may appear as a trifecta of pain launched your way from insurers. But cyber insurance is really an opportunity.

Insurance 415
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The State Of Cyber Insurance, 2023

Forrester IT

Cyber insurance is a common tool for risk transfer today. But who has cyber insurance and what benefits do organizations see from it? Analyzing Forrester data on cyber insurance adoption and breach response trends, we find that: Most organizations do not have standalone cyber insurance […]

Insurance 369
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Data Science Fails: Building AI You Can Trust

AI has the power to transform countless industries — including the healthcare, banking, insurance, and public service sectors, to name just a few — by introducing new efficiencies and revealing new opportunities for companies to solve problems.

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The Good, The Bad, And The Ugly: The Role Of Trust In Insurance Fraud

Forrester IT

Insurance fraud is a big—really big—business in the US. In 2022, insurance fraud across all insurance lines amounted to nearly $309 billion. It says something when US insurance fraud costs rival the global sales of world’s most valuable company. That’s not too far behind tech giant Apple’s $394.3 And […]

Insurance 416
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GenAI: The Time Is Now For Health Insurers To Embrace Innovation And Change Management

Forrester IT

Forrester’s new report, Generative AI: What It Means For Health Insurers, dives into genAI’s impact on health insurers and examines avenues for early adoption and ways to circumvent potential risks.

Insurance 243