Unlock Success with AI for Policy Wording and Clause Management

Join us for a Morning of Insights, Networking, and a Delicious Breakfast Spread. 

Are you grappling with the complexities of policy wording? Can AI or a better methodology provide the solution to this growing issue? It’s time to address the growing challenges insurers face with dynamic clauses, while chasing shorter turnaround time. 

Tackling Policy Administration Challenges

Gain insights into the challenges top insurers face in policy administration and learn how Newgen’s AI-driven solutions, including potential Guidewire integration, help address them. This session is a rare chance to explore real-world examples and AI’s transformative potential in policy management. 

• Uncertainty & Clarity: Clear, precise language is essential to avoid disputes arising from varied interpretations.

• Compliance: Staying updated with dynamic regulatory requirements across jurisdictions is an ongoing task.

• Scope & Exclusions: Policies need defined coverage to avoid misunderstanding and litigation risks. 

• Simplification: Complex terms need simplification without losing legal accuracy.

• Consistency: Standardized policy wording is essential across products to reduce confusion. 

• Market Changes: Policies must adapt to evolving risks, like cyber threats, and changes in competitive landscape. 

What Awaits You: 

• Navigate Through the Contract Wording Maze
  Delve into how evolving risk factors—driven by Gen Z cohorts, climate change, pandemic, and rising cyber threats—impact your policy management strategies. 

• Assured Regulatory Adherence and Risk Mitigation
  Discover how proactive management of clauses and policies can minimize compliance challenges and avoid penal action. 

• 30% Faster Audit Preparation
  Learn strategies to help your team prepare for audits swiftly, allowing them to focus on what truly matters—customer service. 

• 50% Decrease in Communication Lags
  Find out how AI-powered content management can enhance collaboration among stakeholders, ensuring everyone is aligned on policy changes. 

• NLP for Clarity
  AI and NLP technologies are being used to identify ambiguities in policy wordings, ensuring clarity and reducing the risk of disputes 

• Automated Compliance
  Implementing automated compliance solutions helps insurers automatically adjust policy wording to ensure they meet legal requirements, reducing the burden on human resources 

• Data-driven Risk Management
  Advanced data analytics and machine learning models are used to predict potential coverage gaps and emerging risks, such as those related to cyber threats and climate change 

• Customer-centric Platforms
  IT companies are focusing on creating user-friendly interface, simplifying complex terms, and providing clear explanations through digital platforms to enhance customer satisfaction  

Agenda for the Event: 

8:30 AM – Registration & Networking Breakfast 

• Start your day with a delicious breakfast and connect with fellow insurance professionals over coffee and tea. 

9:00 AM – AI in Policy Management: Presentations & Roundtable Discussion 

• Navigating the Contract Wording Maze: Explore how evolving risk factors are impacting policy management strategies. 

• Assured Regulatory Adherence and Risk Mitigation: Discover how proactive clause and policy management can minimize compliance challenges. 

• Efficiency & Collaboration: Learn how AI-powered solutions can streamline audit preparation and enhance communication among stakeholders. 

• TCS Insights: Gain a practical perspective on implementing AI solutions for policy management from a leading industry expert. 

9:45 AM – Q&A and Wrap-up 

• Get your questions answered and leave with actionable insights to transform your policy management processes. 

Your Next Big Idea Starts Here  

This memorable morning is set to transform your approach to policy wording and clause management.  

RSVP Now!