Hype or Hope – Is Gen-AI reshaping Commercial Insurance? - ERP Spain.com - España y América Latina

With its remarkable capability to generate diverse content based on its training data, Gen-AI presents a myriad of potential applications in insurance, spanning underwriting, claims, and beyond. Most insurers are actively delving into Gen-AI, with many conducting up to 15 different proofs of concept or early-stage prototypes. The payoff could be huge: McKinsey predicts that Gen-AI could unlock up to $1 trillion in annual value for the global insurance industry. However, as the shift from concept to implementation gains momentum, insurers will encounter challenges. Some may find these hurdles impede efforts to leverage Gen-AI for competitive advantage. Yet, for others, hype will give way to a more practical approach, allowing them to capitalize on what could be the most influential technology of the next decade. Key takeaways: - Current state of Insurance Industry with the hype around Gen-AI - Top focus for Enterprises when it comes to implementing Gen-AI - How data and connected enterprise play a role in leveraging advanced technology _ Discuss current challenges and how Gen-AI can help in influencing the enterprise of the future by: ....Improving business outcomes ....Accelerating innovation ....Driving growth ...Different use cases of Gen-AI in Commercial Insurance Speakers include: - Bill Wilkins, SVP, Advanced Analytics and Practical Applications, Safety National - Ran Lin, Global Lead - Data Science & Applied AI, AXA XL This webinar is brought to you in association with EdgeVerve. By registering you agree to share your information with this organisation.