Compliance is Complicated  Insurance companies operate in a complex and highly regulated environment that is constantly evolving. The volume of unique regulations stemming from various levels of government can be overwhelming. From evolving data privacy laws like GDPR and the CCPA to the New York Department of Financial Services’ mandate on cybersecurity policies and procedures, […]

In this three-part blog series, we’ll explore three key areas where AI decisioning delivers the most significant return on investment and business impact for insurance companies: operational efficiency, fraud detection, and compliance. AI decisioning platforms automate complex decisions using machine learning, process automation, and a business rules engine. We’ll begin with an overview of operational […]

The insurance industry has been known for tedious, manual underwriting processes. However, with the rise of digital technology, the underwriting landscape is rapidly changing, and automated underwriting in insurance is emerging as a critical innovation. As a vendor involved in developing and implementing rule engines, InRule has seen firsthand how automated underwriting can transform operations, […]