AI Assistants for Insurance and Top Reads of the Month
We're excited to present the latest edition of 'The Monthly Scribble,' your guide to the latest developments at Scribble Data and in the world of Generative AI.
In recent weeks, we have witnessed significant strides in our journey at Scribble Data, particularly with the growth of our Hasper platform within the insurance and Pension Risk Transfer (PRT) sector. At Scribble Data, we build AI Assistants designed to empower PRT insurers by enhancing operational efficiency and streamlining their PRT workflows. These AI Assistants operate seamlessly across the three core layers of PRT operations: Acquisition, Onboarding, and Administration, enabling insurers to improve productivity and expedite time-to-value while maintaining unwavering trust and security.
Top Reads of the Month
Pension Risk Transfer (PRT) Demystified: Types of Risk and Strategies
If you are wondering what PRT is, read this detailed guide to understand the types of risks and strategies. Read more
Pension Risk Transfer Regulations: A Comparative Analysis
Explore PRT regulations globally. This detailed guide will explain US, UK, and EU approaches, key frameworks, and emerging trends. Read more
How Genetic Algorithms are Shaping AI and ML
Discover how genetic algorithms mimic nature's evolution, offering versatile solutions to intricate optimization challenges in AI and machine learning across diverse domains. Read more
Pension Risk Transfer for Plan Sponsors: A Complete Guide
Explore Pension Risk Transfer (PRT) strategies in our concise guide tailored for plan sponsors. Read more
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Industry News
U.S.Pension Risk Transfer Market Hits New Highs in 2023, find AON report
The latest AON report reveals that the US PRT market soared to unprecedented heights in 2023. A staggering 773 transactions were recorded, transferring a remarkable $45 billion in premiums. Read more
40% of Insurers to Use Synthetic Data in AI for Fairness, Compliance by 2027
As per IDC's 2022 AI Strategies Buyer View Survey, around 18% of enterprises are integrating synthetic data, notably in addressing privacy regulations and facilitating secure data exchange in insurance services. Read more
UK Pension Risk Transfer Market Hits ￡49.1bn in 2023, according to LCP study
There were 11 buy-ins/outs over ￡1bn, beating the previous record of nine in 2019, driving the record volumes and making up over half of the ￡49.1bn total. Read more
Wrapping up, we're excited to embark on this journey of sharing our insights with you. Your feedback matters – we're all ears! Stay tuned for more, and don't hesitate to reach out if there is anything you would like us to talk about in future editions of 'The Monthly Scribble'.