In-house AI More Beneficial than Cloud-based AI: Study

After analyzing costs and risks of different enterprise AI deployment strategies, new data reveals that relying solely on cloud-based AI inference can lead to higher costs, IP security risks, and ...

How to Quench the Insurance Data Drought

There's no doubt that AI, and generative AI (GenAI) especially, is in a hype cycle.

Unfortunately, hype cycle exuberance can inflate ...

Generative AI: A Double Agent Serving Good and Evil in the World of Claims

Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according ...

The Evolving GenAI Journey: Three Ways the Technology Is Impacting P/C Insurance

It is difficult to recall many technologies that have ascended from such relative obscurity to becoming a top agenda item driving conversations across sectors as rapidly ...

90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs

Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to ...

Survey: AI Set to Save Professionals Up to 12 Hours a Week by 2029

Results from a new survey predicts AI will free up to 12 hours per week within the next five years, with four hours per week saved in the next year alone. This, according to global content and ...

Businesses Consider Outsourcing Gen AI Over Data Security, Privacy and Regulatory Concerns

Business leaders are particularly focused on innovative ways to enhance customer experience (CX) through generative AI (GenAI) technology while balancing the need for return on their investment, ...

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 ...