Generative AI, Insurance Risks & Cyber Catastrophe Events
Generative artificial intelligence (Gen AI) is no longer a futuristic concept. AI’s potential to amplify systemic risks, such as through polymorphic malware or AI-targeted data breaches
AI in Insurance
AI in Insurance review on Beinsure Media covers how artificial intelligence is transforming the insurance industry. It explores AI-driven innovations that streamline processes like underwriting, claims management, and fraud detection. These posts discuss the use of machine learning algorithms to assess risk more accurately, allowing insurers to offer more personalized policies. Additionally, AI’s role in enhancing customer experiences through chatbots, predictive analytics, and automation is frequently highlighted.
Posts in this category also delve into AI’s impact on operational efficiency. By automating routine tasks and analyzing vast datasets, insurers can reduce processing times and improve decision-making. Articles may examine real-world case studies of insurance companies adopting AI solutions to reduce costs, optimize workflow, and enhance fraud prevention.
Another key focus is on the ethical and regulatory challenges posed by AI in insurance, such as data privacy, algorithmic bias, and transparency. These discussions are essential for professionals looking to stay ahead in a rapidly evolving landscape. Overall, the “AI in Insurance” category provides insights into the future of insurance and how AI can offer significant competitive advantages in an increasingly tech-driven market.
AI Liability Directive. 8 Key Highlights and Impact on the European Insurance Market
Insurance Europe has urged the European Commission (EC) to withdraw its proposed Artificial Intelligence Liability Directive (AILD), arguing that it could lead to legal innovation
Generative AI Attracts Increased Venture Capital Funding in 2024
Venture capital funding for generative AI startups is on track to exceed 2023’s record-breaking levels. In the first three quarters of 2024, GenAI startups raised over $20 bn
How Will the EU AI Act Affect the Insurance Industry?
The EU AI Act, published by the European Commission in July 2024, introduces the first regulations on AI development and usage across sectors to protect citizens’ rights
Artificial Intelligence Promises to Revolutionize P&C Insurance Industry
Artificial intelligence promises to revolutionize how P&C insurance business gets done. The exact ways AI will influence business are unknown
Increasing Use of AI Technology Triggers Insurance Claims
Increasing use of artificial intelligence triggers claims across many lines of business. Insurers will need to understand of intended effects
Insurers Accelerating AI Integration in Insurance Customer Experience
Insurance companies have increasingly integrated digital processes into their customer journeys, yet the adoption of AI technologies lags behind
How Insurers Can Get Best Results from Artificial Intelligence Tools?
As the insurance market recognizes the potential of artificial intelligence, there remains uncertainty about how to effectively apply the technology to enhance customer engagement
How Will Generative AI Change the Cyber Insurance Landscape?
Major leaps in the effectiveness of Generative AI and Large Language Models have dominated the discussion around artificial intelligence
How Can AI Technology Change Insurance Claims Management?
Insurers must embrace Artificial Intelligence technology to successfully navigate emerging transformative trends that are shaping the insurance landscape
AI-based Insurance Claims Management Systems May Even Be Tricked
Swiss Re’s SONAR report reveals that the threats on the horizon develop as dynamically as the technological, geopolitical and social changes
Global Generative AI in Insurance Market Size Worth $5,5 bn by 2032
Global Generative AI in Insurance Market size will be worth $5,5 bn by 2032 from its current size of $346.3 mn, and growing at a CAGR of 32.9%
How to Build AI-Driven Finance & Insurance Company?
To build an AI-driven finance organization for the future, it will require a combination of technical and business skills that many finance teams do not have today
New Trends of Cloud Services – SaaS, IaaS, PaaS, Serverless
Cloud computing services fall into 4 categories: infrastructure as a service (IaaS), platform as a service (PaaS), serverless, software as a service (SaaS)
How Life Insurers Can Leverage ChatGPT and AI in the Underwriting Process
Everyone is talking about ChatGPT and how it’s going to revolutionize almost every business sector. The life insurance industry is no exception
Key Benefits of Innovative AI & Machine Learning Technologies
Artificial Intelligence and machine learning are changing how we live, work and play – for good. Across this wide spectrum of AI, there is a vast and real potential for people
How AI Technology Can Help Insurers Enhance the Customer Experience?
How insurance companies can enhance the overall customer experience, streamline processes, and better assess risk with AI tools and machine learning?
How AI, Real-Time Data & Digital Twins Can Drive Risk in Insurance?
Technology and data-enabled solutions are creating the tailwinds for change in the commercial property insurance market
Insurers Accelerates Investments in Digital Technologies & Automation Strategies
Insurers are accelerating their investments in digital technologies, applying Artificial Intelligence (AI) and automation strategies across entire business functions
How Voice Could Hold the Key to Preventing Insurance Fraud?
Insurance fraud costs the UK an average of £1.2bn annually. In the last year, fraudulent home insurance claims increased by 45% and according to the 2022 Insurance Fraud
How Artificial Intelligence Can Help Insurers Reduce the Inflation Impact?
Costs for everything from food to healthcare to insurance premiums have increased in the past few years – especially after the 2020 lockdown
How IoT, ML, AI and Blockchain Technology are Changing Insurance?
Changing technology affects everything from what we eat to how we pay for our meals. Have you ever considered how it is changing the insurance sector?
As electric vehicles (EVs) gain popularity, the insurance industry is also adapting to meet the unique requirements of eco-conscious drivers
Integrating real-time data analytics through big datasets, AI, and ML technologies empowers companies to detect high-risk policies before solidifying agreements
In 2025, the best automated mail sorters will transform how insurance professionals sort and distribute communications, enhancing speed and reducing human error
Generative artificial intelligence (Gen AI) is no longer a futuristic concept. AI’s potential to amplify systemic risks, such as through polymorphic malware or AI-targeted data breaches