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Chief Risk Officers Take on Gen AI
When Generative AI burst onto the scene at the end of 2022, users gushed about the automatic content creation, greater productivity, and some funny or disturbing anomalies. Within days, it seemed, ...
Dual Skills Needed to Sit on Boards of Tech-Savvy P/C Insurers
With titles like global chief information officer, chief data officer and chief platform operations officer marking an accomplished career in financial services, Ursuline Foley is well-positioned to ...
Stick to Purpose: Why Carriers Need to Cooperate on AI
An industry consortium or other form of coopetition may be the best way for carriers to jump into the fast-moving world of AI, a tech entrepreneur who has held executive roles at major carriers ...
‘Critical Thinkers’ Needed for AI-Powered P/C Insurers
Career experience in deep tech and investing in insurance industry innovation give Jonathan Kalman a unique perspective on how artificial intelligence will change the P/C insurance industry. The ...
All Aboard: What’s Next for Executives and Directors Riding the AI Train
Some are standing in the station. Others are already on board. Property/casualty insurance carriers are mapping out itineraries as the AI train speeds across this industry and the ones they insure. A ...
MGU-Carrier Relationships and AI
The NAIC's model bulletin on carriers' use of Artificial Intelligence Systems, adopted in December 2023, specifically sets out expectations that insurers will describe their processes for acquiring, ...
Definitions, Definitions: Advanced AI vs. AI
The definitions of artificial intelligence and machine learning used in the NAIC Surveys on Automobile and Homeowners over the last few years differ from the definitions set forth in the Model ...
NAIC’s AI Model Bulletin in Brief
Introducing the idea that regulators encourage the use of innovation and AI Systems while recognizing that such systems present unique risks, such as the "potential for inaccuracy, unfair ...