How Generative AI and ChatGPT are Reshaping the Insurance Industry
Increased computing power allows insurers to learn from huge data sets.
Generative AI is a natural adjunct in an industry that is focused on documents and finance.
Security and privacy mishaps will draw regulators deeper into the regulation of AI use in insurance.
Effective use of generative AI will help insurers improve expense ratios, more effectively target distribution and control losses.
Because public large language models learn from the data that users submit, insurers must be cautious about the information they expose.
