Examining the risks and rewards of ChatGPT for the insurance industry
Artificial intelligence offers the insurance industry exciting new services and solutions. The burgeoning technology also carries new risks.
In the world of property insurance, data is crucial. However, despite undergoing a major digital transformation over the past few years, insurance companies still face numerous data-related challenges.
Accessing and properly managing quality data, especially for an extensive portfolio of properties, is still extremely complicated. Without high-quality data and insights, insurers can struggle to identify risk, reduce costs and make good decisions at scale.
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