The recent launch of ChatGPT has underscored artificial intelligence’s newfound scale, speed and mass accessibility, as well as its long-term potential to complete complex tasks currently performed by humans. Suddenly, AI is in the headlines everywhere, drawing the attention of commentators, business executives and even policymakers.
The AI Drake track that mysteriously went viral over the weekend is the start of a problem that will upend Google in one way or another -- and it’s really not clear which way it will go.
AI is having quite a moment. One high profile AI app, ChatGPT, has become the fastest growing consumer app in history. It garnered over a million users in its first five days and hit one 100 million active users in just two months.
Road safety is increasingly coming under the spotlight across the U.S. -- at both a state and national level. Latest statistics from the National Highway Traffic Safety Administration (NHTSA) estimate 20,175 people died in motor vehicle traffic crashes in 1H 2022, an increase of about 0.5% from the first half of 2021.
While the news media often treats artificial intelligence (AI) as an emerging development, it has been around for more than 50 years and is more integrated into modern life than many people realize.
Litigation is rarely warm and fuzzy, but what’s unfolding in Florida between plaintiffs firm Morgan & Morgan and the insurance industry puts hardball tactics in a new light.
According to recent market research, blockchain in insurance will expand from $64.5 million of revenue and cost savings in 2018 to $1.4 billion this year -- a compound annual growth rate of 85%!
A predict and prevent approach to risk management is becoming more significant as technological developments create added value for both brokers and their policyholders.
Artificial intelligence, all the rage in popular culture, is not a new fad in the insurance market, where it quietly powers operations that make businesses run more efficiently, at lower costs and with fewer errors.
Drones have been deployed by insurers and risk managers for several years to better assess risks, respond to catastrophes and improve claims efficiency.
While many promises of disruption from insurtechs have fallen flat, now is the time to lean into digital transformation. On the cusp of a potential economic downturn, organizations must continue to adopt advanced solutions that foster quantifiable ROI and impact.
The metaverse is coming -- fast. In PwC’s 2022 US Metaverse Survey, 82% of business executives (including 87% of insurance executives) said they expect metaverse plans to be part of their business activities within three years.
Considering the pivotal role played by insurers, all data must be given accurately and all processes compliant. So, insurers must be able to count on the effectiveness and stability of their operations--and robotic process automation can help.