How Generative AI and ChatGPT are Reshaping the Insurance Industry
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.
Security and privacy mishaps will draw regulators deeper into the regulation of AI use in insurance.
Insurers are experimenting with a range of use cases.
Effective use of generative AI will help insurers improve expense ratios, more effectively target distribution and control losses.
