AI & Machine Learning

AI emerges as both threat and solution in cyber insurance, reshaping risk assessment and breach response.

Lawyers and consumer advocates are demonizing algorithms any time a decision goes against a policy holder. Let's talk about them less. 

In this Future of Risk interview, RGA's Casey Beckman explains how AI can drastically improve monitoring -- but brings with it a new set of risks. 

By combining historical aerial imagery, property condition data, and AI, insurers can optimize underwriting, inspections, and fraud reduction.

Focus on understanding processes, stakeholder engagement, and controlled testing for meaningful improvements.

Insurers can use AI to solve specific problems without causing major disruptions.

AI's potential to transform insurance clashes with the industry's risk-averse nature, creating a complex landscape for insurers to navigate.

Life insurers need to provide customers a more human experience, and AI can serve up poignant insights, at the moment of truth, when it matters most.