Machine learning

LLMs have certain obvious drawbacks and difficulties but there is room for the technology to be used in the insurance sector.

For example, ethics training can help organizations define unfair bias in the context of AI models.

The business model, the tech it sits on, and the sector's purpose must evolve.

The NAIC is drafting a model bulletin on artificial intelligence use and Colorado continues to move forward with its rulemaking under the Colorado Privacy Act.

Insurance carriers and their service providers focus on data gathering and processing as basis for AI operations

Digital Insurance asked ChatGPT about its use cases in insurance.

Key market drivers that are set to shape the industry and practical tips for managing the change.

To avoid pitfalls, the insurance industry must evaluate how to best embrace digital transformation.

The wider release comes amid heightened buzz in Silicon Valley over generative AI.

The GPT-4 upgrade is currently available to ChatGPT Plus subscribers only.

The trends revolve around speedier personalization, smarter automation and more efficient distribution.

The startup built artificial intelligence software that can perform support tasks in claims and underwriting.

The report finds a 60% YoY increase in computer vision AI deployment throughout the auto claims management process.

Artificial intelligence programs are seeing plenty of use, according to a survey by Marcum.

It's clear that insurers must modernize every part of their back office.

Tips for appraising solutions that deliver the right combination.

RGA decided to put ChatGPT to the test by posing three questions related to underwriting and the future of life insurance. The answers from ChatGPT are entirely AI-generated.

One area that has progressed by leaps and bounds is new user interaction technologies like messaging, chatbots and real-time video chats.

More than two-thirds of 292 respondents, predominantly in the financial sector, didn't view their own jobs as being at risk any time soon.

It appears the technology is largely still in its infancy in the insurance industry.