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.
AI will help managing general agents better mask specific risks to individual capital providers.
Customer-facing technologies will likely gain the most as today's chatbots give way to smarter interactions.
Increased computing power allows insurers to learn from huge data sets.
Effective use of generative AI will help insurers improve expense ratios, more effectively target distribution and control losses.
