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The risks and limitations of AI in insurance

IBM Big Data Hub

Artificial intelligence (AI) is polarizing. In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. It excites the futurist and engenders trepidation in the conservative.

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

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The business value of operating core insurance solutions on the cloud

IBM Big Data Hub

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

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How chatbots improve human resource operations

IBM Big Data Hub

Over the past several years, artificial intelligence has transformed HR and improved functions for new hires and current employees. Artificial intelligence (AI) can automate repetitive and time-consuming tasks, allowing HR professionals to focus on other strategies.

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Where RPA and artificial intelligence diverge matters for insurers

Information Management Resources

RPA in insurance has made its way into The New York Times, with an interesting articleabout how State Auto Insurance Companies has eliminated 25,000 hours of manual human work from their back office using screen-scraping process automation technology.

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ICYMI –December in privacy and cybersecurity

Data Protection Report

5. Headlines in 2023 also had many references to artificial intelligence. The Federal Trade Commission (FTC) also addressed artificial intelligence and machine learning. See SEC, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, 88 Fed. b (within 2 hours).

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Turning climate risks into business opportunities 

IBM Big Data Hub

Substantial repair costs might arise, particularly impacting insurance companies. To best prepare, organizations need to develop a climate risk strategy. Artificial intelligence (AI) can play an important role in many solutions for tackling climate risk. For more information, visit our Climate risks insights page.

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