The challenge is not about whether to act, but how best to navigate the uncharted territory of AI and Large Language Models, such as ChatGPT.
Author: Anthony O'Donnell
Albert Zhou Joins Corvus Insurance as Chief Risk Officer
The former SynchronoSure, SiriusPoint exec will focus on best-in-class risk and actuarial practices by overseeing pricing, reserving, systemic risk modeling, risk accumulation, and aggregation.
Ledgebrook Deploys Socotra Connected Core, Targeting the Wholesale Broker Market
The end-to-end platform empowers Ledgebrook to redefine speed and service in the U.S. wholesale broker market by offering a faster and simpler quoting experience.
Can AI Help Reduce Underwriter Fatigue?
Carriers would be to begin incorporating AI into their existing systems, as AI tools have been shown to be highly effective at alleviating work pressures through automation.
Modern Life Offers Suite of Prudential Protection Products
Advisors utilizing tech-enabled brokerage gain access to insurer’s suite of term and permanent products.
Absa Life Selects Sapiens to Modernize its Non-Underwritten Life Systems
Sapiens CoreSuite for Life and Pensions coupled with Sapiens Cloud Services provides a turnkey solution for expanding Absa’s life business.
AFCO’s PayMyPremiums Now Directly Integrates with Vertafore’s AMS360
The integration is designed to deliver increased administrative efficiencies for agencies using AFCO and AMS360.
Empathy and Majesco Partner to Benefit Life Insurance Carriers and Beneficiaries
The two companies join forces to elevate the beneficiary experience by equipping life insurers with advanced technology and value-added support services.
Ohio Mutual Selects Marias Technology for Implementation Services.
Marias will initially provide specification writing and documentation services for policy admin system implementation, expanding into other services as the relationship progresses.
Popularization of AI Fosters Insurance Innovation
Traditional methods of filing claims have remained largely unchanged for decades, and this is no longer acceptable but they will be replaced by new, touchless options that use AI to minimize human interactions and cut down on the amount of time wasted.