CTO / Technology
Artificial Intelligence Not Main Cause of Recent Insurance Layoffs: AM Best
AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today, the credit rating agency wrote that "it is too soon to cite AI ...
Organizing for Action: The Board of Directors in the AI-Powered Insurer
Financial services technologies come and go. Useful shiny objects become standard operating procedure. How quickly and effectively an insurer makes this transition ...
Piercing Through Rain, Smoke and Fog: How Radar Satellites See Catastrophes
The integration of new technologies into the claims ecosystem is gathering pace as insurance and reinsurance organizations seek to enhance both the speed and accuracy of payments. One example is the ...
Meet Your New Employee: Advanced AI
Much of the discussion around how to manage the advanced forms of artificial intelligence—machine learning, generative AI, large language models—deals with them only as technologies. This is a ...
Large Language Models at Risk for ‘Model Leeching’ Attacks
Large Language Models (LLMs) such as ChatGPT and Bard have taken the world by storm this year, with companies investing millions to develop these AI tools, and some leading AI chatbots being valued ...
Emerging Risks: Does Generative AI Impact Businesses’ Liability Exposure?
Generative Artificial Intelligence (GAI) is machine learning technology capable of creating new content in response to simple text prompts. The convenience and apparent scope of this AI-generated ...
Executive View: Why Automation is the Key to Cyber Insurance Market Growth
Cyber threats pose a more direct risk to businesses than ever before. Globally, cyber attacks rose 7 percent in the first quarter of 2023, and Cybersecurity Ventures predicts ransomware will cost ...
Insurers Prioritizing Profit Over Growth: Exec Survey
Nearly half of 400 insurance executives responding to a recent survey said their current priorities center on improving profitability rather than growing their businesses. Forty-eight percent of ...
Executive Viewpoint: How to Incorporate AI Into Core Insurance Systems
It is easy to get excited about what artificial intelligence (AI) offers the insurance industry. It has been a bright, shiny object on and off for a few decades now. This ...