How Generative AI and ChatGPT are Reshaping the Insurance Industry
Generative AI is a natural adjunct in an industry that is focused on documents and finance.
Effective use of generative AI will help insurers improve expense ratios, more effectively target distribution and control losses.
Increased computing power allows insurers to learn from huge data sets.
Widening use of AI will allow insurance professionals to focus on the value-added aspects of their roles, not on mechanical functions.
Insurers are experimenting with a range of use cases.
