Artificial Intelligence – Page 9
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News
Lloyd’s Lab unveils America-focused cohort 12
’The lab’s recent success with region specific themes further validates the work of the lab,’ says senior manager
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Zurich platform update compliant with EU AI regulation
The insurer has approximately 800 external users on its platform
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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News Analysis
The Big Question: How does the increasing integration of data analytics in insurance impact the war for talent?
AI and advanced data analytics are already making waves in the insurance sector. Insurance Times interviews five industry experts to delve into their perspectives on the significance of this technological transformation for the industry.
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Generative AI can make embedded insurance ‘more productive’ – Ericson Chan
’The future is going to get a lot faster and more productive in an exponential way,’ says group chief information and digital officer
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News Analysis
UK has ‘right approach’ to AI versus EU’s legislation
’The real risks are with the use of AI, not with the technology itself,’ says chief executive
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News Analysis
Briefing: AI must be used intelligently to augment people-based insurance sector
It is imperative to embrace the opportunities AI can offer in terms of back office functionality, but insurance professionals shouldn’t fear for their jobs just yet
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Zurich ‘well-positioned’ with launch of updated AI platform
’AI brings tremendous opportunities to improve the ways we work,’ says chief information and digital officer
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Insurers told to ‘really know how to use’ AI amid hallucination and transparency risks
’You have to know its limitations and risks,’ says knowledge lawyer
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News Analysis
Opinion: Has EU left UK behind on AI regulation?
Editor Katie Scott compares strides made by the European Union and UK when it comes to regulation around the use of artificial intelligence – has Brexit held the UK back?
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Insurtechs back AI cash injection announced in Spring Budget
’Support like this is encouraging for the tech sector,’ says chief executive
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Musk lawsuit against OpenAI highlights need for clarity over ‘wild west nature’ of AI
’The situation underscores the complexities in the rapidly evolving landscape of AI,’ says head
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IT Interview
‘Scalability and growth is a massive thing for us’ – GoShorty
’That was the first barrier that was broken down – the idea that software houses only wanted to deal with big blue-chip companies and well-established brokers,’ says founder and managing director
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News Analysis
TechTalk: AI code of conduct is a start – but ‘comprehensive governance structure’ still needed
’While it’s possible to set general principles, how do you translate that into something that’s going to work for every company or use case?’ says head of analytics
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News
Broker to bolster predictive capabilities through new partnership
’There has been a definite acceleration in the awareness of AI and machine learning across the wider GI industry,’ says chief executive
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AI to play ‘pivotal role’ in combatting cyber risk – GlobalData
’The ability of AI to improve threat identification is key in addressing the continuous evolution of cyber threats,’ says project manager
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Isle of Man regulator and insurtech demonstrate ‘power of collaboration’ with AI partnership
’This collaboration underscores our commitment to embracing innovative technologies for our stakeholders to use and [strengthens] our regulatory standards,’ says head of supervisory practices and innovation strategy
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IT Interview
Bob James: Lloyd’s prefers sector-wide ‘criticism’ of project delays instead of unsafe Blueprint Two delivery
’I would rather take criticism [about the delay of Blueprint Two] then push the date and have a platform that has a flaw that [would] be problematic,’ says chief operations officer
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News
Hiscox aiming to enhance customer service with AI
’Optimism should be tempered with awareness of the risks,’ says senior manager
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BMS teams up with Artificial Labs to bolster processing of insurance contracts
’We are delighted to partner with BMS,’ says co-chief executive