Insurance Execs See Gen AI Necessary to Compete; Customers Wary October 17, 2024 Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations...
Survey: More U.K. Claims Handlers Seeing AI-Driven Fraud September 30, 2024 A significant percentage of U.K. claim handlers believe that up to a quarter of claims filed involve fake supporting documents...
AI Being Used to Scam Small Business Owners, Says Nationwide Survey September 26, 2024 By Jahna Jacobson Just when employees have learned to ignore scammy texts and emails from the boss, along comes the next generation of...
Survey Shows Most Actuaries and Underwriters Worry About Being Replaced by AI September 23, 2024 With the vast majority (91%) of insurance companies already investing in AI or planning to in the next five years,...
U.S. to Convene Global AI Safety Summit in November September 19, 2024 By David Shepardson The Biden administration plans to convene a global safety summit on artificial intelligence, it said on Wednesday, as Congress continues...
California Advances Landmark Legislation to Regulate Large AI Models August 30, 2024 By Trân Nguyễn Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week...
Leveraging Artificial Intelligence in Claims Processing: A Balanced Perspective July 11, 2024 By Chandariah Sharmila Devi Imagine a world where insurance claims are processed instantly with accuracy and minimal manual intervention. Yes, that is the promise...
‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling June 27, 2024 By Divya Chowdhury The proportion of workers who expect to switch employers in the next 12 months is higher than that from the...
Music Labels Sue AI Companies Suno, Udio for Copyright Infringement June 25, 2024 By Blake Brittain Major record labels Sony Music, Universal Music Group and Warner Records sued artificial intelligence companies Suno and Udio on Monday,...
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey June 21, 2024 By L.S. Howard A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes,...