Analysis

LLM opportunities in insurance far outweigh risks – Shift Technology

By 2023-10-10T11:15:00

AI risk and opportunity

With LLMs becoming increasingly more popular in the insurance industry, does the technology’s value outstrip its risks?

The use of large language models (LLMs) has been increasing in the insurance industry over the past few years, with the opportunities for their deployment far outweighing the risks of implementation.

LLMs are a form of of artificial intelligence (AI) algorithm that process natural language input and to generate language outputs based on previously analysed data. 

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