AI-Powered Financial Reporting Chatbots: Transforming Insurance Industry Operations DOI Open Access

Chetan Prakash Ratnawat

International Journal of Scientific Research in Computer Science Engineering and Information Technology, Journal Year: 2024, Volume and Issue: 10(6), P. 1779 - 1786

Published: Dec. 19, 2024

This comprehensive article examines the transformative impact of AI-powered financial chatbots in insurance industry, focusing on evolution from traditional manual processes to automated solutions. The investigates technical architecture, role-specific functionality, security frameworks, and performance analytics across major organizations worldwide. Through extensive research analysis, this demonstrates how intelligent automation addresses inefficiencies operations while enhancing data accuracy, improving protocols, delivering substantial operational benefits. findings reveal that companies implementing these advanced systems experience significant improvements underwriting efficiency, agent productivity, compliance, overall effectiveness maintaining robust protection standards regulatory compliance.

Language: Английский

Innovative Pathways in Africa: Navigating the Relationship Between Innovation and Insurance Market Development Through Linear and Non-linear Lenses DOI Creative Commons
Sylvester Senyo Horvey, Jones Odei‐Mensah

Journal of the Knowledge Economy, Journal Year: 2025, Volume and Issue: unknown

Published: March 15, 2025

Language: Английский

Citations

1

Determinants of Digital Insurance Adoption among Micro-Entrepreneurs in Uganda DOI Creative Commons
Mutya Tomasi,

M. Ilankadhir

Financial Engineering, Journal Year: 2024, Volume and Issue: 2, P. 104 - 115

Published: April 18, 2024

The insurance industry is constantly evolving with the help of technological advancements across globe. purpose this study was to explore critical factors that influence adoption digital among microentrepreneurs in Uganda. involved 209 participants. used a modified DOI theory as framework and analyzed data using structural equation modeling (IBM SPSS Amos 23.0). results indicated knowledge insurance, relative advantage, perceived trust have significant positive impact on micro-entrepreneurs Conversely, found social had no impact. This adds valuable insights literature aids policymakers managers understanding influential for implementation.

Language: Английский

Citations

4

Transforming Insurance Risk Management through Advanced Data Analytics DOI Open Access

Rakesh Maltumkar

International Journal of Scientific Research in Computer Science Engineering and Information Technology, Journal Year: 2025, Volume and Issue: 11(1), P. 2311 - 2321

Published: Feb. 10, 2025

This comprehensive article explores the transformative impact of advanced data analytics on insurance risk management. The examines how modern analytical approaches, including machine learning, natural language processing, and predictive modeling, are revolutionizing traditional operations. investigates various technical implementations across fraud detection, claims customer segmentation, assessment. covers integration challenges, real-time processing architectures, scalability solutions while exploring business these technological advancements. also discusses emerging technologies future developments in sector, AI integration, IoT applications, smart infrastructure implementation, providing insights into innovations reshaping industry's approach to management service.

Language: Английский

Citations

0

Changing Landscape in Insurance Sector DOI
Krishnendu Ghosh,

Sandhya Rai

IGI Global eBooks, Journal Year: 2025, Volume and Issue: unknown, P. 249 - 276

Published: March 14, 2025

The incorporation of advanced technologies offers transformative possibility in the evolving landscape insurance industry. present chapter is an attempt to explore impact digital revolution and applications blockchain technology sector. This will integration Blockchain technology, machine language (ML), Internet Things (IoT) artificial intelligence (AI) streamlining operations examine role Artificial Technologies driven Smart Contract industry, benefits same insurer-customer relationship challenges implement same. provide future direction adoption industry across globe.

Language: Английский

Citations

0

FinTech literature reviews: a hybrid approach DOI
Dharen Kumar Pandey

Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 107249 - 107249

Published: March 1, 2025

Language: Английский

Citations

0

An Empirical Evaluation of the Technology Acceptance Model for Peer-to-Peer Insurance Adoption: Does Income Really Matter? DOI Open Access
Sylvester Senyo Horvey,

Euphemia Godspower-Akpomiemie,

Sheena Lovia Boateng

et al.

Journal of risk and financial management, Journal Year: 2025, Volume and Issue: 18(4), P. 209 - 209

Published: April 13, 2025

One essential component of insurance technology (Insurtech) is peer-to-peer (P2P) insurance, which represents a transformative shift from conventional to digital platforms by fostering community-based risk sharing. This study contributes the body knowledge engaging Technology Acceptance Model (TAM2) explore how perceived usefulness, ease use, subjective norms, and trust influence adoption P2P moderating income on these relationships. used self-administered survey questionnaire collect data short-term clients in South Africa. The was analysed using confirmatory factor analysis structural equation modelling (SEM) approach. findings demonstrate that norms present significant positive underscoring relevance value, social predicting technologies, particularly insurance. However, exhibit but statistically insignificant relationship. Additionally, this reveals exerts affecting adoption, implying individuals with higher incomes are responsive factors when considering highlights need for policies support development infrastructure, as its accessibility including predicted drivers adoption. Also, policymakers should focus creating regulatory environment encourages accountability openness

Language: Английский

Citations

0

Intelligent Marketing in Insurance DOI

R. Veerasankararao,

Shaiku Shahida Saheb, Abdul Rahman Shaik

et al.

Advances in computational intelligence and robotics book series, Journal Year: 2025, Volume and Issue: unknown, P. 73 - 108

Published: April 30, 2025

This study examines how Artificial Intelligence (AI) transforms insurance marketing strategies through machine learning and predictive analytics. We investigate the shift from traditional approaches to AI-enabled systems that deliver personalized solutions streamlined operations. The research develops validates AI-Powered Insurance Marketing Optimization Framework (AIMOF), integrating customer data analysis with dynamic recommendations automated workflows. Our findings demonstrate AI implementation improves cost efficiency retention while creating competitive advantages personalization faster response times. addresses challenges including quality, system complexity, regulatory compliance. provides strategic guidelines for organizations leveraging in operations maintaining ethical considerations an increasingly marketplace.

Language: Английский

Citations

0

Emerging technologies in finance: challenges for a sustainable finance DOI Creative Commons

Dhouha Nefla,

Sana Jellouli

Cogent Business & Management, Journal Year: 2025, Volume and Issue: 12(1)

Published: May 10, 2025

Language: Английский

Citations

0

Insurtech Development and Technology Investment of Insurers: The Perspective of the Catfish Effect DOI
Vincent Y. Chang

Published: Jan. 1, 2025

Language: Английский

Citations

0

Competition or Cooperation? Disentangling the Bank-FinTech interaction through a hybrid literature review DOI Creative Commons
Daniele Costa, Francesca Querci, Rosalia Santulli

et al.

Research in International Business and Finance, Journal Year: 2025, Volume and Issue: unknown, P. 102993 - 102993

Published: May 1, 2025

Language: Английский

Citations

0