Artificial Intelligence

The increased utilization of AI will improve efficiencies in routine tasks, but it does not eliminate the need for human oversight.

AI has given threat actors a leg up in deepfake technology, costing one company $26.5 million.

For now, the onus is on insurers and insurtech companies to ensure AI does not cross ethical boundaries.

Generative AI agents complement human insurance agents by doing the 'grunt work,' so they can focus on empathy and connection with policyholders.

AI-based monitoring programs may prevent or mitigate the losses facing cyber insurers and policyholders in the coming years.

An Earnix survey reveals that most insurance leaders plan to use machine learning in pricing and underwriting.