When it comes to forecasting what areas will be impacted, where the wind and water damages will occur and how bad they will be, AI is at the center of that forecast. (Hurricane Idalia image is from the National Hurricane Center.) When it comes to forecasting what areas will be impacted, where the wind and water damages will occur and how bad they will be, AI is at the center of that forecast. (Hurricane Idalia image is from the National Hurricane Center.)

Artificial intelligence (AI) is an umbrella term covering many diverse mathematical methods for learning patterns, from empirical data and then utilizing these to bring out useful information or to automate manual processes.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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
NOT FOR REPRINT

© 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.