How Generative AI and ChatGPT are Reshaping the Insurance Industry
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.
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.
MGAs and insurers will have a deeper understanding of what business is productive and which existing accounts should be re-examined.
