Unleashing the Power of AI

Insurers are adding artificial intelligence to streamline processes including claims and underwriting, while also combating fraud.

Farley discusses his philosophy around human-centered artificial intelligence and how the supplemental insurer is focused on customers when it comes to innovation.

Insurance companies applying AI to handle claims functions are seeing changes for both their staffs and policyholders.

Applying AI to insurance claims processing improves its predictive analytics, use of predictive models and control of costs.

AI has great risks for underwriters but also great potential benefits, according to Randy Paez, chief information officer of Ambac. Paez spoke with Digital Insurance about how to leverage data and integrate AI into insurance operations.

Capgemini Research Institute's World Property and Casualty Insurance Report 2024 indicates insurance executives see the potential benefits of AI and ML but underwriters are concerned about overcomplexity and data integrity.

Recent Arizent research shows insurance organizations may be more familiar with artificial intelligence than other industries.

DigitalOwl's technology mines medical information.

The European Union is enacting the most comprehensive guardrails on the fast-developing world of artificial intelligence after the bloc's parliament passed the AI Act on Wednesday.

Predictable tasks are made for today's generative AI. The technology could revolutionize the underwriting process as long as it can keep its bias in check.