Technology Archives - Zxcoachoutlet

How is Technology Changing the Insurance Industry?

September 30, 2020

Technology is increasingly changing the way insurers operate.

FREMONT, CA: The insurance industry is modernizing itself by equipping its arsenal with a large array of innovations. Technology has been transforming almost every dimension in the world, and insurance is certainly not an exception. The expectations of insurance customers are evolving continuously. In addition to this, the requirements of the high tech infrastructure and the operational ecosystem are also shifting in accordance with the modern days and demands. This is where new and advanced conceptualizations and features of technology gain an increased amount of importance.

The new technological integrations with the paradigm of insurance is enabling the industry to move its business culture and operational strategies towards a customer-centric ground. This further would help the insurance industry in achieving a better and bigger value of operational excellence. Technologies such as AI and IoT are providing insurance companies with automation features. Processes

Tokio Marine Indonesia Implements Shift Technology To Fight Auto Insurance Fraud

September 29, 2020

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Shift’s Force Fraud Detection Solution to Support Insurer’s Overall Fraud Fighting Initiatives

PARIS and BOSTON, Sept. 29, 2020 /PRNewswire/ — Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, today announced that PT Asuransi Tokio Marine Indonesia (“Tokio Marine Indonesia”) has deployed Shift Technology’s Force fraud detection solution. As a result, the technology will become a crucial element in the insurance carrier’s overarching fraud prevention strategy.

Shift Technology (PRNewsfoto/Shift Technology)

Tokio Marine Indonesia is one of the largest general insurers in the country. Guided by its core mission “To be a Good Company” and driven by values that put customer satisfaction as a main priority, the insurer was seeking a solution that could serve a dual purpose and not only spot suspicious claims, but also help give claims professionals more confidence in rapidly processing legitimate claims. Utilising this technology benefits the

Toshiba Plans to Exit Money-Losing LSI Chip Business | Technology News

September 29, 2020

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TOKYO (Reuters) – Toshiba Corp on Tuesday said it will exit the money-losing system LSI chip business as the Japanese conglomerate aims to boost the group’s profit margins.

The chip business includes image recognition processors supplied to Toyota Motor Corp, although Toshiba said it would continue sales and support operations for existing customers.

Toshiba plans to relocate or offer early retirement options to 770 employees at its system LSI business, a step that will cost the Japanese company 11.8 billion yen ($111.77 million) but has already been factored in its earnings outlook. However, its power management chip business will be retained.

The company said in a statement it decided to withdraw and “establish a solid business structure not easily affected by market fluctuations; one that is sustainable even during the continuing U.S.-China trade conflict.”

Toshiba sold its prized flash memory business, now Kioxia Holdings Corp, to a consortium led by

Micron Technology Placed on Citi Negative Catalyst Watch

September 28, 2020

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A Citi analyst on Monday opened a negative catalyst watch on shares of Micron Technology (MU) – Get Report, a day before the semiconductor company is scheduled to report fourth-quarter earnings.

Shares of the Boise, Idaho, company at last check were up 0.4% at $49.31.

Analyst Christopher Danely, who has a sell rating on the shares with a $35 price target, said he expected Micron to report sales below guidance of $6 billion but in line with his $5.5 billion estimate due to what he called a double dip in DRAM.

The analyst also expects the stock to trade lower on the report and would be more constructive on the stock in the mid $30s, according to The Fly.

Last week, TheStreet.com Founder Jim Cramer said on CNBC that “Micron’s core DRAM business could be saved by their disk drive business, but I don’t see the stock

Lemonade Is An Interesting Technology Play In The Insurance Industry (NYSE:LMND)

September 28, 2020

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Lemonade (LMND) is a pioneer of the rapidly growing insurtech industry. The company is leveraging technology to improve efficiencies and reduce bureaucracy in insurance. Lemonade, which is built upon an entirely digital substrate, is looking to upend the traditional insurance industry with the use of bots and machine learning.

Changing the Insurance Paradigm

Technology is having an increasingly large influence on the insurance industry. Lemonade is capitalizing on this trend and attempting to completely upending the traditional insurance business model. Although the traditional insurance industry has long been resistant to rapid technological change, this is likely to change.

The emergence of AI and increasingly powerful computer technologies has the potential to change the paradigm of insurance. Lemonade is one of the first insurance companies to successfully use AI and machine learning as a basis for their business model. This relatively new approach to insurance could dramatically change the landscape of

Stocks post solid gains as technology shares lead rally

September 26, 2020

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This breaking news story will be updated. An earlier version of the story appears below.

Stocks are solidly higher after shaking off an early stumble Friday, though the S&P 500 is still heading for a fourth straight week of losses amid Wall Street’s September swoon.

The S&P 500 rose 1.6 percent after flip-flopping between small gains and losses a few times in the early going. Technology companies powered much of the broad rally, extending the market’s gains from a day earlier. Stocks have been erratic recently, and indexes have taken several sharp turns in momentum each day.

The benchmark index is still on pace for a loss of 0.6 percent this week, which would give the S&P 500 its first four-week losing streak in more than a year. The decline for September is about 6 percent, following five straight months of gains.

The S&P 500 came within striking distance of

5 ways technology is transforming finance

May 12, 2020

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New report: The Future of FinTech: A Paradigm Shift in Small Business Finance

For decades, banks and insurers have employed the same relatively static, highly profitable business models. But today they find themselves confronted on all sides by innovators seeking to disrupt their businesses. Crowdfunding, peer-to-peer lenders, mobile payments, bitcoin, robo-advisers – there seems to be no end to the diversity, or to the sky-high valuations, of these “fintech” innovators.

Yet, some might note that they have heard this tune before. The direct banks and “digi-cash” of the 90s captured the imagination of journalists and investors in a similar fashion, but ultimately had little impact. In fact, the financial services industry has been remarkably impervious to past assaults by innovators, partially due to the importance that scale, trust and regulatory know-how have traditionally played in this space.

However, as they say in investing, “past performance is not an indicator of

Business Reference Services (Science, Technology & Business Division, Library of Congress)

May 6, 2020

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Notice: Out of an abundance of caution, all Library of Congress research centers will be closed to the public (including researchers and others with reader identification cards) until further notice, to reduce the risk of transmitting COVID-19 coronavirus. All Library-sponsored public programs are also postponed or cancelled through July 1. Online resources and reference services, such as Ask a Librarian, will continue to be available during this time. For more information, see: www.loc.gov/coronavirus.

Utilizing Technology to Make Money Online

May 5, 2020

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Technology is slowly infiltrating into all things within the society and has led to a great change in how we entertain, work and live our lives. The internet is disruptive in nature and the change has been exponential in its rate over the recent past.

With this technology at hand, everyone all over the world is trying hard to access it with tools such as online search and social media. Many people are trying hard to find, out just how they can use technology that is available in the internet so as to make money online.

How easy is it?

To be truly honest, if you want to make money online, then you should realize that it isn’t an easy thing. There is a lot of competition today and people trying to capture our attention. This is what has made it very hard to sift through the internet so as … Read More

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