Transforming Insurance with AI and top reads of the month
Welcome to the December 23 edition of 'The Monthly Scribble'
Hello there!
Over the past few months, the insurance sector has undergone a significant transformation with the widespread adoption of Generative AI. Looking forward, Gen AI is set to revolutionize key facets of the insurance landscape, including underwriting, claims processing, fraud detection, and customer engagement. Amidst this evolution, Pension Risk Transfer (PRT) emerges as a point of considerable potential.
In this edition of 'The Monthly Scribble,' we've compiled a few intriguing reads on how insurance stands on the brink of disruption with the rising influence of Gen AI. Additionally, we delve into PRT, examining compelling use cases that arise with the integration of AI.
Top Gen AI reads of the month
Generative AI in Insurance: Introduction and Key Trends
Generative AI holds the promise to be a game-changer across various facets of the insurance ecosystem, from underwriting and claims processing to fraud detection and customer engagement. Read more
Generative AI in Insurance: Pension Risk Transfer
领英推荐
Pension Risk Transfer is a de-risking solution offered by insurers that has been all over the news lately. Find out how the space is ripe for disruption with AI-powered assistants. Read more
Generative AI in Insurance: Use Cases and Future Impact
The insurance product, once a fixed proposition offered with a take-it-or-leave-it air, is now as malleable as clay in the hands of insurers wielding generative AI. Read more
Industry News
The complete round-up of AI regulation developments across the world with a focus on the UK and EU markets.
According to a new report published by Allied Market Research, titled, “AI in Insurance Market," the AI in insurance market was valued at $2.74 billion in 2021 and is estimated to reach $45.74 billion by 2031, growing at a CAGR of 32.56% from 2022 to 2031.
Wrapping up, we're excited to embark on this journey of sharing our insights with you. Your feedback matters – we're all ears! Stay tuned for more, and don't hesitate to reach out if there is anything you would like us to talk about in future editions of 'The Monthly Scribble'.