Hugo Foster’s Post

The growing use of artificial intelligence (AI) by insurers promises big benefits for corporate insurance buyers, but also comes with risks, Ferma members were told. AI has the potential to cut costs, speed up processes, standardise submissions and generate risk insights, according to the speakers. But the technology could lead to less risk differentiation by insurers, while the technology is not yet suitable for predicting risks, they warned. More here 👉https://ow.ly/zpK950Rp4o0 #Ferma #AI #RiskManagement FERMA | Federation of European Risk Management Association

The growing use of artificial intelligence (AI) by insurers promises big benefits for corporate insurance buyers, but also comes with risks, Ferma members were told. AI has the potential to cut costs, speed up processes, standardise submissions and generate risk insights, according to the speakers. But the technology could lead to less risk differentiation by insurers, while the technology is not yet suitable for predicting risks, they warned. More here 👉https://ow.ly/zpK950Rp4o0 #Ferma #AI #RiskManagement FERMA | Federation of European Risk Management Association

The growing use of artificial intelligence (AI) by insurers promises big benefits for corporate insurance buyers, but also comes with risks, Ferma members were told. AI has the potential to cut costs, speed up processes, standardise submissions and generate risk insights, according to the speakers. But the technology could lead to less risk differentiation by insurers, while the technology is not yet suitable for predicting risks, they warned. More here 👉https://ow.ly/zpK950Rp4o0 #Ferma #AI #RiskManagement FERMA | Federation of European Risk Management Association

The growing use of artificial intelligence (AI) by insurers promises big benefits for corporate insurance buyers, but also comes with risks, Ferma members were told. AI has the potential to cut costs, speed up processes, standardise submissions and generate risk insights, according to the speakers. But the technology could lead to less risk differentiation by insurers, while the technology is not yet suitable for predicting risks, they warned. More here 👉https://ow.ly/zpK950Rp4o0 #Ferma #AI #RiskManagement FERMA | Federation of European Risk Management Association

The growing use of artificial intelligence (AI) by insurers promises big benefits for corporate insurance buyers, but also comes with risks, Ferma members were told. AI has the potential to cut costs, speed up processes, standardise submissions and generate risk insights, according to the speakers. But the technology could lead to less risk differentiation by insurers, while the technology is not yet suitable for predicting risks, they warned. More here 👉https://ow.ly/zpK950Rp4o0 #Ferma #AI #RiskManagement FERMA | Federation of European Risk Management Association

AI is revolutionizing insurance, but with innovation comes risk. From data inaccuracies to privacy violations, the potential pitfalls are vast. At Mouton Insurance Brokerage, we help navigate these challenges, ensuring robust coverage and compliance. Let’s turn AI’s risks into opportunities! #Insurance #AI #RiskManagement

Interesting session with discussions on how AI governance is evolving to address and mitigate the risks highlighted by AI. Watch the replay and my colleague Barbara Mayer presenting in the FERMA | Federation of European Risk Management Association in the webinar https://lnkd.in/eYctRSbc.

What short-term and long-term impact of AI do we expect on different industries? No industry will be immune to AI transformation. But the insurance industry in particular is already undergoing a revolutionary transformation. Insurers use AI to automate risk analysis. Learn more about the opportunities, trends, and risks of AI usage in: https://lnkd.in/evMswHet

AI within insurance is definitely a hot topic right now, and its not surprising given the value and breadth of uses it can bring to the sector. But what is surprising is how may organisation are failing to leverage AI effectively. In this article with Insurance Post I talk a little about these struggles and how the right use of technology can help insurers operationalise AI, models and new strategies, without heavy reliance on IT , ultimately bridging the gap between data science and the business! Feel free to reach out if you want to discuss anything I talk about in this article or are interested in learning more about how you can bring agility and business control to leverage AI and decisioning to drive measurable business outcomes. #fico #insurance #technology #ai #genai

The insurance industry is a highly competitive landscape. Understanding competitor actions is essential for staying ahead. Artificial intelligence (AI) has emerged as a powerful tool for gathering and analyzing competitive intelligence.