Machine learning

Panelists emphasized the significance of a comprehensive data strategy and ethical AI use, along with the industry's potential for innovation.

Adopting data profiling and machine learning could propel the industry into a future of enhanced efficiency, better risk assessment and superior customer experiences.

AI is just an algorithm that learns based on human tasks, and humans make mistakes.

Artificial intelligence is providing insurers with the tools they need to accurately model cyberattack scenarios and develop more precise risk assessments.

Life insurance plays an important role as part of a healthy financial plan and Fidelity is using technology to improve accessibility and streamline the process for policyholders.

Insurance industry leaders must proactively develop risk mitigation strategies in order to optimize the use of Gen AI for insurers and their customers, alike

Jenkins is the assistant vice president, artificial intelligence circle lead at Travelers. She works directly with all lines of business to build, adopt and scale AI within the insurance company.

Though she is a young mom with three-year-old twins, the Women in Insurance: Next 2023 honoree is not slowing down her work life.

The CEOs of Alphabet Inc., Microsoft Corp., Meta Platforms Inc. and OpenAI were invited to appear alongside rivals and industry critics to discuss possible guardrails for AI that balance the risks and rewards of the technology.

Understanding prompt engineering is crucial to fully capitalize on the possibility of the solutions.

Google's cloud clients will be able to access Meta's Llama 2 large language model, as well as AI startup Anthropic's Claude 2 chatbot, to customize with enterprise data for their own apps and services.

Digital Insurance spoke with three actuaries about emerging technologies and the challenge of explainability within complex models.

The use of catastrophe models and of sophisticated AI to make coverage decisions are all under debate.

AI-powered catastrophe and risk models use varied sources, including aerial imagery.

In other news: A Nationwide survey shows customers are reducing their homeowner's insurance coverage.

The senior data scientist shares about his work in identifying demographic bias in machine learning models.

The industry may want to build its own large language model.

He shares how new technologies like machine learning and AI are shaking up the industry and the role of insurance agents.

Secretary of the Commonwealth William F. Galvin says a probe into how firms are using AI isn't a condemnation of the tech but an acknowledgement of its potential impact.

Insurers are adapting AI technology to improve customer experience, enhance fraud detection and create accurate risk-ranking models.