How Generative AI and ChatGPT are Reshaping the Insurance Industry
Security and privacy mishaps will draw regulators deeper into the regulation of AI use in insurance.
Widening use of AI will allow insurance professionals to focus on the value-added aspects of their roles, not on mechanical functions.
AI will help managing general agents better mask specific risks to individual capital providers.
MGAs and insurers will have a deeper understanding of what business is productive and which existing accounts should be re-examined.
Increased computing power allows insurers to learn from huge data sets.
