How AI is Transforming Insurance: Interview with Connor Atchison & Itay Mishan, Wisedocs [AI Today Podcast]

AI and generative AI is proving transformational in every industry. This includes long established industries like insurance. In particular, the growth of generative AI in the insurance and insurtech space in showing tremendous potential. In this episode of AI Today we interview Connor Atchison (CEO) & Itay Mishan (CTO) at Wisedocs. How is AI used in the insurance industry? After all, AI is helping with many areas of the insurance process. This includes optimizing underwriting processes, enabling more personalized offerings, enhancing the overall customer experience, and helping with process improvements. In this episode Connor discusses the growth of generative AI in the insurance and insurtech space in the past few years. Itay follows up to share how Wisedocs leverages AI in the insurance sector. He also shares specific areas or processes that are transforming through the implementation of AI. Both men also discuss how AI is being used to streamline and humanize the medical claims process. What are some ethical issues raised by generative AI in the insurance sector? Indeed insurance, and in particular medical records, contains lots of sensitive information. As a result, much care and consideration must to be taken into account around issues relating to data and ethical use of technology. Given that insurance is very data heavy, Itay and Connor address how Wisedocs is handling these concerns related to data privacy. They also discuss concerns around transparency throughout the process and how this is being handled. And, ethical considerations needing to be addressed while harnessing the potential of AI in the insurance industry. Show Notes: Wisedocs website: https://www.wisedocs.ai/ Wisedocs LinkedIn: https://www.linkedin.com/company/wisedocs-ai/ Wisedocs Twitter: https://twitter.com/Wisedocsai Wisedocs Instagram: https://www.instagram.com/wisedocsai/ AI Today Podcast: How AI is Transforming Insurance, Interview with Connor Atchison, Wisedocs This episode is sponsored by Wisedocs. Wisedocs is the medical record review machine learning software for insurance carriers, healthcare providers, laws firms, and TPAs making waves in the claims industry. We serve the auto, liability, disability, workers’ compensation, tort law, and similar markets. Wisedocs provides an easy-to-integrate solution for improved accuracy and speed to deliver improved outcomes in the medical claims process. Wisedocs is an artificial intelligence platform that transforms the medical claims industry by automating the traditional manual, time consuming process of medical record reviews and document processing. Our AI-powered platform and medical summaries eliminate manual sorting, reduces errors, and accelerates claims resolution, offering stakeholders in the claims industry a configurable, faster, and more accurate way to process claims. With a recent successful oversubscribed $9.5 M Series A Round, Wisedocs is poised as a market leader in technological advancements in the insurtech industry. To learn more about Wisedocs, visit www.wisedocs.com.