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.
Increased computing power allows insurers to learn from huge data sets.
AI will help managing general agents better mask specific risks to individual capital providers.
Insurers are experimenting with a range of use cases.
Security and privacy mishaps will draw regulators deeper into the regulation of AI use in insurance.
