Can insurers harness the power of Generative AI?
Generative artificial intelligence has the market buzzing around its huge potential for business growth, but at this early stage, Rachel Gordon warns many factors need careful consideration.
GenAI consultants and technology providers are champing at the bit as they jostle to work with insurers. They warn that those who dither will be left behind, so is it
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Technology
Acrisure blames AI for slashing 2250 jobs
Acrisure is cutting around 11% of its global workforce, after chief executive and co-founder Greg Williams told staff advances in artificial intelligence and technology are reshaping how the business operates and serves clients.
Allianz’s Ktenidis looks to ‘dial up’ digital offering
Allianz Commercial’s new chief distribution officer Alex Ktenidis has told Insurance Post that he is looking to “dial up” the digital offering of the insurer.
Tom Needs to leave Applied Systems
Applied Systems Europe CEO Tom Needs is leaving the tech provider at the end of June, with Dave Chapman being named managing director and leading the company moving forward.
Intact looking at re-entering cyber market in 2027
Intact Insurance is ‘having a look’ at its cyber insurance strategy, and is considering returning to the market in 2027, Insurance Post can reveal.
Howden launches Web3 risk ecosystem
The broking group has expanded its crypto theft insurance product, bringing together specialist vendors across pre-emptive risk management and post-incident recovery.
FCA issues ghost broker warning to young drivers
The Financial Conduct Authority has warned 17 to 25-year-olds about fake car insurance, after research found 49% of young drivers have bought policies through social media.
QBE sounds alarm over supplier AI cyber exposures
QBE has warned UK businesses could be leaving themselves exposed to supply chain cyber-attacks, with only 28% of companies auditing their third-party suppliers’ artificial intelligence systems despite growing concern over the risks.
'Categorically’ no plans for AI job cuts at Aviva
Aviva currently does not expect to reduce headcount in its commercial business as it scales its artificial intelligence operations, according to director of innovation Jason Chambers.