One thing is certain: Artificial intelligence will help shape the way risks are underwritten and how coverage will evolve.
"The Rise of Artificial Intelligence: Future Outlook & Emerging Risks," Allianz's new report on how AI will impact society at large and the P&C insurance industry, makes some bold assertions: By 2035, application of AI technologies could provide an economic boost of $14 trillion. By the same year, AI technologies are projected to boost corporate profitability in 16 industries across 12 economies by an average of 38%.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
