From smart chatbots to automating underwriting process, AI powered innovations are disrupting every part of insurance value chain. AI has ushered in an era of new products built on data and analytics. Insurers can make smarter underwriting decisions, manage and price risk accurately, creating better customer experience while reducing operating costs. In Asia we have even scored with the world’s first company using AI to underwrite fully.
With more and more AI products development being tested and implemented all over the world in all sectors of the economy, insurance being data-driven is on the cutting edge. Can the industry rise to optimise on AI to create that brave new world? Can insurers rise beyond the fear of the unknown and use AI to drive the business on all fronts? Will AI lead to a new insurance industry? What will be the most relevant AI for insurance? How can insurers and insurance executives be ready to use AI effectively beyond the hype? What does AI mean for insurance?
Innovation around the use of AI also raises several issues, including; ethics and trust, data quality and privacy, cybersecurity, regulatory and compliance. How the industry can use the technology responsibly? Will AI be making all insurance decision within the next decade?
This exciting discussion will bring together practitioners and experts to share their transformation journeys and overcoming the hurdles. It is important to be well-prepared for the shift by understanding the business impact of AI. Join us to learn, network and get your AI questions answered.