PLYMOUTH, MINNESOTA, September 20, 2023 – SDRefinery AI, a trailblazing leader in operational metrics for the risk and insurance industry, proudly announces ACTAI (Applied Claims Technology AI), a groundbreaking technology designed to empower claims leadership with faster, better measures of key adjuster activities that directly impact claim outcomes and reduce expenses. Rock Schindler, Founder & CEO…

You really couldn’t dream up this sort of humor. Consider first the mania created by ChatGPT and generative AI. It is truly fascinating a big step forward for both technology enthusiasts and business people looking to understand and leverage data. The growth of generative AI and other AI tools like SDRefinery – is a…

A great client partnership as told by the client.

Be courageous and recognize scrapes, bruises, and scars are the fabric of success. Progress is only realized through action. Something never used will have neither scars nor success. Only through focused action will anything improve.

“By identifying and extracting critical events and activities from claim notes, SDRefinery AI’s technology can quickly and efficiently provide operational metrics we’ve never before been able to access,” said John DeLucia, Vice President, Claims for Ohio Mutual.

I recently celebrated my 58th birthday with the family by pummeling a great portion of barbecued ribs on our back deck. It was a beautiful evening, with perfect temperature and minimal distraction from bugs.

I remember being asked this question in 1991 when my guest family from Tanzania, Africa stepped out of the elevator on the 42nd floor of the Wells Fargo Center. Here for the International Special Olympics, I brought them to my KPMG Peat Marwick office to get an unmatched view of the Minneapolis-St.Paul skyline.

Problem Solving 101 is found on the farm. I learned to do things faster. I did things better. I learned to change. I learned to fail. I learned to solve problems.

For all of these changes in risks and processes, the insurance industry is sitting on a gold mine of knowledge but doing virtually nothing with it. Meanwhile, data giants Google and Amazon enter the business of insurance1 with confidence and swagger.

Today in the risk & insurance industry, hundreds of THOUSANDS of conversations will take place. Fortunately, each of those conversations represents the exchange of knowledge.

The simple process of insuring risk becomes complicated for many reasons but there is one simple explanation: risk is hard to quantify, difficult to price and arduous to adjudicate and settle. These attributes of risk are constant without regard to the splendor or grotesqueness of the system being used to administer the insurance covering it.

by Luke Coelho,

… From all these discussions, I really learned the importance of having business people that understand data and both the opportunities and limitations that go with data science.