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.
Insurers are experimenting with a range of use cases.
MGAs and insurers will have a deeper understanding of what business is productive and which existing accounts should be re-examined.
AI will help managing general agents better mask specific risks to individual capital providers.
Security and privacy mishaps will draw regulators deeper into the regulation of AI use in insurance.
