How Generative AI and ChatGPT are Reshaping the Insurance Industry
Because public large language models learn from the data that users submit, insurers must be cautious about the information they expose.
Insurers are experimenting with a range of use cases.
AI will help managing general agents better mask specific risks to individual capital providers.
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.