artificial intelligence News
Top AI Trends for Insurers in 2024 Include Claims, Other Insurance Processes
Insurers are prepared for artificial intelligence to move beyond task automation and machine learning to advanced uses in 2024, a new report examining the industry and ...
White House AI Council Meets as Legislative Action Stalls
The White House artificial intelligence council is meeting today, three months after President Joe Biden signed an executive order that aims to reduce the risks AI poses. White House Deputy Chief of ...
New York Proposes Guidance Governing Insurers’ Use of AI
New York State is proposing guidance for insurance carriers to prevent unfair discrimination in their use of artificial intelligence and external data sources in ...
AI, Metaverse, Chatbots: Workplace Trends to Watch for in 2024
Every end-of-year working assumption is the same: Next year will be different. This is the eternal optimism of business and the never-ending story of innovation. But this ...
Executive Viewpoint: How GenAI Translates Big Data Into Big Commercial Insurance Advantages
The discovery of the Rosetta Stone had a profound and transformative effect on our understanding of ancient Egyptian history and culture. Before then, early efforts to ...
U.S. Regulators Add ArtificiaI Intelligence to Potential Financial System Risks
Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not properly supervised, a panel of regulators warned ...
Fortifying the Future: Mastering Offense and Defense to Combat the Risks of AI
In today's rapidly evolving landscape, property and casualty insurers find themselves at a pivotal juncture, akin to a digital battlefield. Echoing George Washington's wisdom from 1799 that ...
NAIC Approves Model Bulletin on Use of AI by Insurers
Members of the National Association of Insurance Commissioners (NAIC) voted to adopt the Model Bulletin on the Use of Algorithms, Predictive Models, and Artificial ...
AI: The Claims Industry’s Biggest Challenge and Opportunity for 2024
The claims industry is navigating a lot of change right now in the face of inflation, growing climate volatility and an ongoing talent shortage, but of all the disruptive ...