How Generative AI and ChatGPT are Reshaping the Insurance Industry
Effective use of generative AI will help insurers improve expense ratios, more effectively target distribution and control losses.
AI will help managing general agents better mask specific risks to individual capital providers.
Because public large language models learn from the data that users submit, insurers must be cautious about the information they expose.
Generative AI is a natural adjunct in an industry that is focused on documents and finance.
Insurers are experimenting with a range of use cases.
