Props to Nicholas Savignano for spotlighting OIP Robotics and Mladen Subasic's panel at the recent Excellence in Insurance conference on transforming underwriting with GenAI. Our NT Extractor is indeed a big player in the underwriting automation scene, and we're glad it gets well-deserved recognition!
MS Fintech | Eagle Scout | Financial Modeling & Risk Analysis Specialist | Skilled in Data-Driven Solutions & Machine Learning
At ???????????????????? ???? ??????????????????, the message is clear: innovate at speed, partner effectively, and use rational AI to create sharper, smarter solutions. Here are this year’s key takeaways: ?????? ??????????????????: ?????????????? ?????????????????????????? ???????? ?????????? ?????????????? ???????????????????? In a session led by Frank Heaps, the focus was on how regional insurers can step into high-risk markets left by larger carriers. With rapid product configuration and regulatory agility, these insurers can deliver customized, local solutions that fill critical gaps in coverage. The panel highlighted adaptability and speed as key advantages for thriving in niche markets with specific, evolving needs. ?????????????????? ???????????? ?????????????? ?????????????????? ???????????????????????? Panelists Jonathan Victor, Terry Buechner, Christopher Quirk, and Jatin Atre, Ph.D. highlighted how partnerships with Amazon Web Services (AWS) and Insurity enable legacy insurers to navigate cloud migration. Together, they’re tackling challenges in accessibility, scalability, and efficiency, accelerating modernization—especially in areas like claims management, where automation and fraud prevention are essential to meet today’s customer and operational demands. ???????????????????? ????????????????????????? In their workshop, Jeremy Pamplin and Mladen Subasic outlined the evolution from RPA to GenAI. While RPA has been useful for rule-based tasks, its rigidity and high maintenance kept it from being widely effective. GenAI now steps in as a “co-pilot,” working alongside underwriters to handle unstructured data, synthesize insights, and support decision-making in real time. With tools like OIP Robotics’ NT Extractor, GenAI can help reduce manual data handling, enabling underwriters to focus on higher-level decisions. This evolution allows AI to complement human expertise, bringing speed and flexibility to a broader range of underwriting tasks. The key? Rational implementation. Outside the sessions, connecting with industry peers - whether by the pool, on the golf course, or even holding an alligator - added a personal touch to the event. And of course a big thanks to John Wilson and the UConn MS FinTech program for the invitation to attend this year’s ???????????????????? ???? ??????????????????. It was a powerful reminder that by innovating boldly, partnering strategically, and using rational AI, we’re ready to tackle today’s challenges and shape a smarter future for insurance. #ExcellenceInInsurance #InsuranceInnovation #AIinInsurance #Partnerships #RiskManagement #FutureOfInsurance