Artificial Intelligence – Page 16
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News AnalysisTechTalk: 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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NewsBroker 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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NewsAI 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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NewsIsle 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 InterviewBob 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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NewsHiscox aiming to enhance customer service with AI
’Optimism should be tempered with awareness of the risks,’ says senior manager
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NewsBMS teams up with Artificial Labs to bolster processing of insurance contracts
’We are delighted to partner with BMS,’ says co-chief executive
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NewsLoadsure launches data-driven insurance for logistics SMEs
’Backed by our industry leading expertise, Columbia will empower brokers to better serve cargo outfits seeking long-term partnerships,’ says chief executive and founder
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NewsPredictive data key for ‘competitive edge’
’It can give an insurance provider an edge, especially in aggregator-exposed channels,’ managing director
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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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NewsAlmost half of insurance workers not comfortable using AI for high risk activities
However, new research highlighted that most employees are set to embrace new technologies
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IT InterviewCreating AI regulatory framework set to be ‘significant piece of work’ in 2024
’We need to make sure that we have the right framework in place,’ says chief executive
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NewsArtificial Labs completes £8m funding round
’This round of funding will enable us to accelerate our growth and continue to innovate in the algorithmic and augmented space,’ says cochief executive
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NewsDigitisation of London market will ‘empower’ face-to-face trading
’Personal relationships will still be critical,’ says chief executive
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News‘Significant shift’ expected in insurers’ approach to AI
Company highlights four challenges for insurers to watch out for as firms move beyond common AI uses
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NewsAI code of conduct for insurance industry launched
’It’s a code built on general principles as much as detail,’ says director
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NewsGreater focus on data optimisation needed to curb ‘costly’ AI implementation mistakes
Global chief strategy officer says ‘firms able to properly identify priorities’ will ‘find themselves pulling away from the pack’
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IT InterviewSpotlite Claims Q&A: AI a ‘learning curve’ for insurers in entertainment industry
’The use of new and emerging technologies is creating a new set of potential risks,’ says director
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News AnalysisBriefing: Post Office scandal reawakens AI concerns
AI-powered chatbots have been known to hallucinate and spit out ‘unpredictable’ results, but could faulty software accounting systems from the late nineties be a sign of what’s to come with the technology?
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NewsGenerative AI’s impact on the insurance industry and consumer – Lloyd’s
’A common theme in AI discussions is to say technology is not new to the insurance industry,’ says senior manager
