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GenAI tools hold great promise. But insurers must set a solid strategy and treat AI outputs as decision support, not decision makers.
Tag: insurance trends
POOF! Risk evolves, models break and capital vanishes
Consider the following quote from George Box: “All models are wrong, some are useful.” Most of today’s models are free. And models power AI outcomes. When considering your enterprise strategy, AI should fit snuggly into business processes that successfully execute tasks supporting the overall strategic vision – underwriting policies, pricing
Top 5 insurance mistakes – and how to avoid them
Is the roof over your head about to cave in? Did you just change jobs, get married or start planning for retirement? In situations like these, most people think about their insurance. Life changes are a great time to evaluate insurance coverage (for customers and insurance companies alike), but waiting