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.
Customer-facing technologies will likely gain the most as today's chatbots give way to smarter interactions.
Effective use of generative AI will help insurers improve expense ratios, more effectively target distribution and control losses.
Generative AI is a natural adjunct in an industry that is focused on documents and finance.
Because public large language models learn from the data that users submit, insurers must be cautious about the information they expose.
