IRYS Monthly Newsletter: October 2024 Edition

Overcoming Challenges, Embracing Resilience

Welcome to the October edition of the IRYS Newsletter! This past month has been a whirlwind—literally. As hurricanes Helene and Milton swept through Florida, they disrupted plans, canceled events, and tested our operations. Yet, through it all, our IRYS team demonstrated incredible resilience.

Event Highlights

AI in Distribution Webinar

This month, we hosted an insightful webinar on AI-powered workflows, uncovering how data, AI, and embedded insights are transforming insurance operations. Industry leaders joined the discussion, providing actionable strategies to future-proof your company’s tech infrastructure.

Keep an eye out for our October blog to read key takeaways from the webinar. Click here to watch the webinar on our YouTube page.

ITC Vegas 2024

Members of our leadership team had the privilege of attending ITC Vegas, the world’s largest gathering focused on insurance innovation. As part of the event, Lisa Wardlaw was a panelist discussing:

• Use cases that drive 100x impact across underwriting and claims
• Key considerations for build vs. buy decisions around AI
• Real-world applications of AI at scale
• Challenges to avoid when adopting AI

ITC Vegas offers a platform to explore the latest advancements in insurtech, providing unmatched networking and learning opportunities. We were proud to be part of the conversations shaping the insurance industry's future.

Check out our LinkedIn post for ITC Vegas here.

Amplify 2024

Our Chief of Product, Lindsey Strong, CIC , represented IRYS at the women’s panel in Canada, sharing insights on innovation and leadership.

Check out our Amplify 2024 LinkedIn post here.

IndieTech 2024

Although Hurricane Helene impacted our team this month, two team members, Ruchi Patel and Ryan Lapp , stepped up to represent IRYS at our booth, ensuring our presence in the tech community.

Podcast Spotlight: Revolutionizing Insurance Distribution with AI

This month, we sponsored the Insurance Unplugged podcast series, diving into the intersection of AI and insurance.

Episode 1: Scaling Insurance with Generative AI

Guest: Florian Graillot , Founding Partner of astoryaVC

• Customer-Centric Distribution: Revolutionizing insurance distribution through hyper-personalized customer journeys.
• Scalable Impact with GenAI: Driving rapid growth and reach across customer segments.
• Seamless Integrations: Enhancing agent efficiency and effectiveness with AI-powered tools.
• Data-Driven Insights: Leveraging real-time data to refine marketing and sales strategies.
• Enhanced Compliance: Ensuring regulatory alignment through intelligent AI systems.

?? “Don't be afraid of generative AI. Don't be afraid of technology. Don't think about it as either technology or people. It's people with technology in specific use cases.”

Click here for the podcast & blog.

Episode 2: How GenAI is Transforming Insurance Distribution

Guest: Margeaux Giles , CEO & Co-Founder of IRYS Insurtech

• Transforming Insurance with GenAI: Shifting from myth to meaningful impact in insurance.
• Enhanced Efficiency: Streamlining underwriting, claims, and customer service with AI-driven automation.
• Data-Driven Personalization: Delivering tailored policies and experiences by leveraging vast data insights.
• Risk Insights and Management: Utilizing AI for predictive analytics to reshape risk assessment and mitigation.
• Human-AI Collaboration: Combining AI capabilities with human expertise to redefine roles and decision-making.

??“You cannot train AI on incorrect substandard dirty data. You can't do it”

Click here for the podcast & blog.

Episode 3:?Decentralized Data Will Unlock the Power of GenAI

Guest: Scott Dykstra , CTO & Co-Founder of Space and Time

• Decentralized Data Control: Empowering users with autonomy over their data across platforms.
• Enhanced Data Integrity: Strengthening trust through tamper-resistant, decentralized records.
• Improved Data Accessibility: Facilitating seamless access and sharing across stakeholders.
• Real-Time Data Insights: Leveraging decentralized databases for up-to-the-minute information and analysis.
• Scalable Security: Ensuring robust, scalable protections in a decentralized environment.

?? “Consumers need to be assured that their data is secure and that insurers aren’t tampering with the information that could impact their payouts.”

Click here for the podcast & blog.

Episode 4: Data Security and Stability— The Power of GenAI in Insurance

Guest: Austin Przybysz , CTO of Instruxi

• Data Privacy First: Prioritizing robust security measures to protect sensitive insurance data.
• Trust through Transparency: Enhancing customer trust by making AI processes understandable and accessible.
• Advanced Threat Detection: Leveraging AI to identify and mitigate security risks in real-time.
• Ethical AI Adoption: Implementing GenAI with a focus on ethical practices and compliance.
• Future-Proof Security Models: Preparing for evolving threats with adaptive, AI-driven security frameworks.

??“Mesh SDK provides a way for developers to build on a set of interoperable tools to build Web2 and or Web3 applications.”

Click here for the podcast & blog.

Episode 5: How GenAI will Revolutionize Insurance Distribution

Guest: Bhaskar Kalita (BK), Global Head of Financial Services and Insurance of Quantiphi

• Revolutionizing Claims Processing: Streamlining and automating claims to enhance speed and accuracy.
• Proactive Risk Management: Utilizing AI to predict and mitigate risks before they materialize.
• Enhanced Customer Engagement: Tailoring interactions through personalized, AI-driven insights.
• Data Interoperability: Enabling seamless data flow across platforms to support collaborative decision-making.
• Compliance Automation: Ensuring regulatory adherence with intelligent, automated compliance checks.

??"GenAI gives a completely new paradigm of how AI can be used because you generate new content."

Click here for the podcast. Stay tuned for this week’s blog drop on Sunday, 11/3!

Looking Ahead

We have exciting initiatives on the horizon, including continued podcast series and new product release dates. Stay tuned!

• In mid-November, we have a new accounting and AI demo coming. Make sure to keep an eye out! If you are interested in scheduling time for a demo, contact us.?
• IRYS will attend the DeepWorks CEO event in Orlando, FL on 11/19.
• Margo Giles’ Birthday is coming up on November 19th!?

Thank You for Being Part of the IRYS Family

As we reflect on the challenges we’ve faced, we’re reminded that staying connected and supporting one another is what makes us stronger. Thank you for being part of the IRYS community.

Stay Connected

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?? Website: iryscloud.com?

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