SDC has been offered as a solution to reducing the costs of data entry by converting the Market Reform Contract into an ACORD Global Placing Message by use of OCR technology and as such is based on a paper based rendition of the MRC.
With CSRP and PPL now live, SDC into live beta testing in July and the DA Audit and compliance application live too, attention turns to adoption.
Artificial Intelligence (AI) encompasses everything from machine learning to the Internet of Things (IoT). Thanks to these tech advancements, AI systems are now able to perform tasks that previously required human intelligence, such as visual and speech processing, decision-making and language translation.
At the recent Ruschlikon General Assembly the question was asked ‘why is it easier to get C suite attention for blockchain but not Ruschlikon’?
Some interesting statistics regarding insurers and reinsurers investing in tech startups from last year from a company called CB Insights.