• Home
  • About Us
  • List of Health Insurance Companies

Health Plan News

Timely Health Plan News and Commmentary.

Health Plan News
Home Healthcare Plan News Cathay Life Celebrates Fifth Celent Model Insurer Award

Cathay Life Celebrates Fifth Celent Model Insurer Award

Posted on May 1, 2023 Written by Annalyn Frame

Cathay Life Insurance
Cathay Life Insurance receives fourth Celent Model Insurer Award for its integration of data analysis and AI for multifaceted risk management. (PRNewsfoto/Cathay Financial Holding Co., Ltd.)

Celent, a global research and consulting company, has recognized Cathay Life Insurance for its expertise. This is the fifth Model Insurer Award that the company has received. Celent is a leading consulting firm in the financial technology sector, and the Model Insurer award is the highest honor that an industry can receive.

Cathay Life’s Cathay Eye Intelligent risk control model, which is based on innovative digital services, stood out from the competition, which included 260 submissions by 170 financial institutions across more than 50 different countries. It won the award in the category Data, Analytics, and AI. It is the only company in Taiwan that has received an award for 2023.

The Cathay Eye Intelligent Risk Control Model, which is based on data and system, provides a new method of risk classification for the life insurance sector. Cathay Life has been able to use the vast amount of data it has available to expand its scope of application, which includes personal health risks. This allows the company to simplify the marketing, underwriting and product design processes. The new model, which is unique in the global insurance market, can manage and control multi-faceted risk. This allows customers to have a better experience with insurance.

A panel of judges also praised the multi-disciplinary approach to solving business challenges using risk models, the innovative applications of AI in the insurance sector, and the commercial value of AI in the industry.

Cathay Life Insurance is convinced that talent, in an era of digitalization, is key to a sustainable operation. Data-drivenness is not limited to the data analysts; it should encompass all talents across disciplines. Cathay Life, which set out two years ago to train at least 20% its staff to be adept with data within five years, has now achieved this new win. This demonstrates Cathay Life’s commitment to leading industry innovation, helping customers and cementing its position as the top insurance technology company.

By the end last year, Cathay Life had trained 7% of its back-office staff and 129 data analysts to use analytical skills in order to improve their work efficiency and aid in decision-making. Cathay Life is committed to investing in its talent. The company believes that this process will create a stronger foundation for industrial transformation and innovation.

Filed Under: Healthcare Plan News

Recent News

  • Cathay Life Celebrates Fifth Celent Model Insurer Award May 1, 2023
  • Liberty Bankers Insurance Group Honored as Gold Stevie® Award Winner in 2023 American Business Awards® May 1, 2023
  • Cigna Group Appoints Dr. Philip Ozuah to Board of Directors May 1, 2023
  • vybe urgent care Now Accepting UnitedHealthcare Community Plan May 1, 2023
  • CVS Health names Brian Kane President of Aetna April 18, 2023
  • Introducing PatientGPT: The Future of Patient Navigation by PatientGenie Using OpenAI April 18, 2023
  • Fidelis Care Raises Awareness of Health Equity Issues During National Minority Health Month April 18, 2023
  • Liberty HealthShare, Strengthened by its Vision, Weathers Challenges April 18, 2023
  • Health In Tech Partners with 6 Degree Health and 90 Degree Benefits January 19, 2023
  • Shockwave Therapy to Erectile Dysfunction In Celina, TX: Comprehensive Guide December 22, 2022

About Annalyn Frame

Annalyn Frame is a Registered Nurse, currently traveling the country as a traveling nurse. She is the Editor of Health Plan News.

Search Our Site

Ketamine Therapy Dallas
Ketamine Treatment Clinic Dallas

Categories

  • AARP
  • Blue Cross Blue Shield
  • Canadian Health Care System
  • CIGNA HealthCare
  • COVID-19
  • Facilities And Providers
  • FDA
  • Health Clinics
  • Healthcare Companies
  • Healthcare Plan News
  • MedBasics
  • Medical And Healthcare
  • Medicare
  • Senior News
  • The SCOOTER Store

Pages

  • 1199 National Benefit Fund
  • A Little about Drug Preparation and Formulation Development
  • About Us
  • Affordable Health Insurance
  • Benefits of Hiring a Senior Caregiving Service
  • Catastrophic Health Insurance
  • Cheap Health Insurance
  • Cheap Health Insurance Plans
  • Child Health Insurance Plans
  • Choosing a Health Insurance Plan
  • Christian Health Insurance
  • Dental Assistants and Their Future
  • Dr. Howard Bellin: Questions about Rhinoplasty
  • Finding the Right Dentist
  • Get Your Winks in Blink
  • Health Insurance
  • Health Insurance Plans For Family
  • Health Sharing Plans
  • Healthcare and Hospitals: Disinfection is Key
  • High Deductible Health Plans
  • Home Care Employment in Arizona
  • Hormone Replacement Therapy
  • How A Medical Weight Loss Plan Can Help You Get The Figure You Want
  • How Ketamine Therapy Helps Fight Depression
  • How Orthotic Insoles Improve Your Health
  • Individual Health Insurance Plans
  • Ketamine Uses and Benefits
  • List of Health Insurance Companies
  • Low Income Health Insurance
  • Medical Research Consultants
  • Personal Lubricants for Women – Liven Up Your Life!
  • Private Health Insurance Plans
  • Rhesus Negative
  • Self Employed Health Insurance
  • Short Term Health Insurance Plans
  • Student Health Insurance Plans
  • Temporary Health Insurance
  • The Basic Building Blocks For a Sustained, Healthy Diet
  • The Importance of Clinical Study Software
  • The Use of Post Cycle Therapy Supplements
  • Travel Health Insurance

Copyright © 2023 · Focus Pro Theme on Genesis Framework · WordPress · Log in