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Michael Parcelli with Xceedance discusses the ability of AI to drive efficiency and profitable growth at MGAs.
An Earnix survey reveals that most insurance leaders plan to use machine learning in pricing and underwriting.
Insurance companies are in a unique and powerful position to influence behaviors.
Federal leaders in the U.S. want AI safeguards akin to those being developed by the insurance industry.
Experts with FICO say that with the assistance of AI, insurers can rapidly accelerate modernization efforts.
Many insurers aren't yet equipped to integrate multiple technology partners into the claims process.
Part 2 of 3: Survey indicates insurtech tools are abundant, but they don't necessarily meet insurance-agent needs.
The goal for the insurance industry should be to avoid adverse selection at all costs.
Cyber criminals are already using these tools to groom and streamline so-called 'social engineering' attacks.
The insurance industry is operating in a new world, and the affinity insurance market can't rely on tried-and-true practices.
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