Artificial intelligence (AI) is all around us and its presence will only increase in the coming years. From chatbots to autonomous cars, AI has become infused in a number of industries — often to the delight of consumers. But like with any other technological advancement, a number of negative consequences can arise without a moments notice. Allianz has released a report, "The Rise of Artificial Intelligence: Future Outlook and Emerging Risks," which examines the numerous implications that come with AI. For businesses especially, the potential threats could easily counterbalance the huge benefits of such a revolutionary technology. The insurance industry relies on artificial intelligence in a number of ways, but is it prepared for the risks that come with it? For the property & casualty insurance industry, these risks need to be evaluated with both the short-term and long-term picture in mind. While the risks of today might not be the ones of tomorrow, it helps to remember that you can't prepare for what you don't know. With this in mind, here are 4 emerging risks Allianz has identified in the world of AI. Related: The rise of the insurance chatbot
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.