💲Utilizing AI to Transform Insurance

Today's Highlights

• Shift Technology - revolutionizing insurance with machine learning
• AI events - upcoming events in the AI world.
• In Other News - a few interesting developments we're tracking.

Shift Technology - revolutionizing insurance with machine learning

Shift Technology is an innovative artificial intelligence (AI) business that has been transforming the insurance market since its start. The company's cutting-edge artificial intelligence technologies are intended to expedite the insurance claims process, detect fraudulent activity, and improve pricing methods. Shift Technology, with a global client base, is at the forefront of altering the way insurance businesses operate and provide value to their consumers.

One of the main benefits of Shift Technology's technology is its ability to react to shifting fraud tendencies. To spot growing fraud trends, the system continuously learns from new data and improves its algorithms. This implies that the platform can keep up with fraudsters who may employ new techniques to avoid detection.

The platform developed by Shift Technology has been widely used by insurance companies worldwide, including significant players such as AXA, Allianz, and Liberty Mutual. By detecting fraudulent behavior, the business has processed billions of claims and saved insurance companies millions of dollars.

Shift Technology is dedicated to ongoing innovation and growth, with goals to expand its AI offerings beyond the insurance industry. The company is presently looking into new applications for its AI-powered products in industries including healthcare, banking, and telecoms. As Shift Technology continues to push the boundaries of AI, its impact on the corporate world is projected to rise, resulting in increased efficiency and cost reductions across a variety of industries.

The company was founded in 2013 by David Durrleman, Eric Sibony, Jeremy Jawish. To date, they have raised over $540 million dollars.

AI Events

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