Technology Insurance Claims News (Page 76)

ChatGPT is About to Revolutionize Cybersecurity

Unless you purposely avoid social media or the internet completely, you’ve likely heard about a new AI model called ChatGPT, which is currently open to the public for testing.

May 17, 2023 Technology

The Impact of AI-Enabled Insurance Tools on Risk Management

In 2021, analysts with McKinsey & Company listed artificial intelligence (AI) among five tech trends predicted to transform insurance over the next decade. Yet it is likely even the experts at McKinsey had no idea how far -- and how fast -- AI would mature.

May 16, 2023 Technology

3 Key Uses for Generative AI

To bolster innovation, insurers are turning to a technology that, in its short lifetime, has already created massive changes in business and the world. Generative AI, a type of artificial intelligence that can create content, rather than simply analyzing existing data, has been at the core of experiments in trying to optimize insurer processes, predict risk and develop customized policies for individual customers.

May 16, 2023 Fraud Technology Underwriting

From Ben Franklin To Artificial Intelligence

The insurance industry dates back to ancient Babylon and China, where merchants would pool their resources to protect themselves against losses from piracy and theft. The concept landed on the U.S. shores in 1752, when Benjamin Franklin co-founded the first insurance company in Philadelphia.

May 4, 2023 Insurance Industry Technology

Arbol and The Institutes RiskStream Collaborative Form Strategic Partnership

Global climate risk coverage platform Arbol, and The Institutes RiskStream Collaborative, the insurance industry’s largest blockchain consortium, have announced a strategic partnership to transform parametric insurance.

May 3, 2023 Insurance Industry Technology

8 Ways Generative AI Is Rapidly Transforming The Claims Landscape

Generative AI is an artificial intelligence (AI) technique that involves creating new content or data using machine learning models.

May 2, 2023 Insurance Industry Technology

The Risks, Opportunities And Impacts Of 5G Technology

In China, doctors perform ultrasounds on COVID patients in Wuhan using an ultrasonic robot they control from 435 miles (700 km) away.

May 1, 2023 Technology

Insurers Boosting Their Use Of AI

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.

April 28, 2023 Insurance Industry Technology

YouTube Case Before Supreme Court May Decide AI Protections

Alphabet Inc.’s YouTube is being sued for its video recommendation practices, and the U.S. Supreme Court is preparing to issue a ruling.

April 25, 2023 Legislation & Regulation Litigation Technology

Legal Trap: Google’s AI Drake

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.

April 24, 2023 Litigation Technology

Six Words To Focus Your AI Innovation Strategy: Think Big, Start Small, Learn Fast

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.

April 21, 2023 Technology

Video Telematics Transforms Road Safety

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.

April 18, 2023 Auto Technology