Nuon blog

What does AI mean in insurance?

There’s a lot of buzz around AI in all areas of our life. How people feel about that covers the full range of positive, negative or indifferent emotions. In this blog, we get to the heart of what AI means for insurance.

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How we use visual tools to build Nuon AI

To help us – and our customers- understand the workings of Nuon’s AI algorithms we use visual tools. These help us track how the AI is hanging together, as well as provide our customers with real-time insights into how their products are performing.

How is AI changing insurance?

Tried and tested is always the best method, right? Well, not any longer. Today, agile insurers are turning to AI to gain new customers and grow their businesses. Here’s how it can help you.

Flatland / agile team structure

Welcome to Flatland

If you’re familiar with startup lore, you may well recognise that title. It comes from Valve’s Handbook for New Employees. The million-dollar question, of course, is how you scale such a model. There are three inspirations behind how we go about doing things at Nuon: Lean, Agile, and Growth Teams.

How insurers are turning to AI

Today, agile insurers are turning to AI to gain new customers and grow their businesses. Here’s how it can help you. Knowledge and certainty create security, which is the backbone of insurance. Yet, the way they’ve been used hasn’t changed in centuries. Well, not until recently when AI began to disrupt classical thinking.

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How Nuon AI works…

This real-world simulation shows how the Nuon algorithm identifies and responds to a competitor who makes a factor change. This particular scenario sees a price reduction on a motor product for legal cover.

Within two hours, the insurer using Nuon has learned, adapted and recovered its conversion rate.

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