Dr. Elizabeth Barth-Thacker’s Post

What strategies do insurers need to succeed in AI adoption? Here are four steps that can help. https://lnkd.in/gbfdD62D

From the MIA regarding AI use https://lnkd.in/eMUU2S94

What strategies do insurers need to succeed in AI adoption? Here are four steps that can help. https://lnkd.in/eBiEJ7sy

Seven states have adopted AI rules for insurers. Here’s what this means for insurers. #futureofinsurance https://lnkd.in/gh9TjD-n

🤖🔥 Robots’ rebellion? AI wiping out humanity? In light of the notable and rapid growth of artificial intelligence and other advanced technologies, these once sci-fi film scenarios no longer seem so far-fetched. Alright, let’s not get too carried away. We’re not there yet. But that doesn’t mean we shouldn’t keep the possibilities of artificial intelligence at bay. The European Parliament made sure of that with the AI Act—the world’s first comprehensive framework constraining the risks of AI 🔒. The regulation is bound to impact many industries out there, especially the ones that rely heavily on digital innovations like artificial intelligence. Insurance is no different. So, how exactly will the Act affect it? Find out from our latest article ➡ https://lnkd.in/dkpCdDW6 #AI #Insurance #InsurTech #Regulation #ShapedThoughts

Insurance leaders I'm speaking to are prioritizing the safe adoption of AI, and for good reason. Looking for guidance on governance and testing? Check out this useful piece from FTI Consulting. #AIadoption #insuranceindustry #governance #testing

Insightful read! Be sure to catch the article on https://lnkd.in/dcsriTAV as we count days. Have you registered for the seminar? https://lnkd.in/dsKbYapa #AI #InsuranceLeadership #AKI

It's hard to find an insurer that is not experimenting with AI in all its guises from extractive #AI to full-on #ChatGPT, Large Language Models- #LLM, and Generative AI. Innovation must be undertaken with good governance, however, as the insurers in this article will belatedly tell you. The launch of the 'AI Code of Conduct for the insurance claims and supply chain industry' is a vital milestone to achieve that. Practical and, refreshingly, written in clear English this will help achieve success when leveraging AI. It is also a practical way to demonstrate how you are responsibly implementing the Consumer Duty guidelines from the #FCA. Signing up for this initiative shows a commitment to customer-centricity and dealing with customers fairly. Why wouldn't you sign up? Some below already have. Rory Yates Jeremy Hyams Jeremy Trott Oliver McGuinness Andre Symes Toby MacLachlan Chris Payne Amelia Barlow Ian Hughes Gary Lobb Hugh Hessing Jon Cawley Simon Murray Paul Kneafsey Dave Thompson Declan O'Rourke Declan O'Mahony Paul Branch Nick Blacknell James Nicholson Amy Brettell Sharna Thomson Waseem Malik Martin Milliner Sue Stansfield Tom Measures Dawn Marsden (MCIPS) Anton Ossip

In the papers: Our Founder & CEO Ayisi Makatiani talks about the upcoming Association of Kenya Insurers [AKI] & Caava VantagePoint AI (CVPAI) conference and innovation symposium aimed at revolutionizing the retail insurance sector through the transformative power of Artificial Intelligence (AI) and Machine Learning (ML). Please read more about this on this link: https://lnkd.in/dcsriTAV #AKICVPAISeminar #AIMLSeminarKE #AI #ML #InsuranceInnovation #Insurtech

More states are adopting NAIC's AI guidelines. While complying with the guidelines will add burden to insurers as they excitedly experiment with different AI/GenAI use cases in underwriting, claims, customer support etc., this is better than no regulation. Afterall, Insurers are no stranger to regulations! It will help insurers think about governance, risk, safety etc. upfront as they explore evolving AI tools. https://lnkd.in/e4zbpUCS