How Generative AI and ChatGPT are Reshaping the Insurance Industry
Increased computing power allows insurers to learn from huge data sets.
Security and privacy mishaps will draw regulators deeper into the regulation of AI use in insurance.
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.
MGAs and insurers will have a deeper understanding of what business is productive and which existing accounts should be re-examined.
