Artificial intelligence (AI) is set to revolutionize the health insurance industry by significantly cutting administrative and medical costs.
Tag: artificial intelligence
U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI
Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated.
Swiss Re Report: How AI Could Change Industry Risk Landscapes
The potential benefits of artificial intelligence (AI) are immense. Swiss Re has written extensively on how AI and generative AI will likely be transformative within the insurance industry.
Lloyd’s Report: Generative AI Is Reshaping the Cyber Threat Landscape
Lloyd’s, the world’s leading marketplace for insurance and reinsurance has today published a new report on how the rapid evolution of Generative Artificial Intelligence (GenAI) technology will impact the cyber risk landscape, requiring businesses to build greater resilience to these evolving threats.
How AI, Tech Advances Can Help Insurers with Climate-Related Risks
Global economic losses from natural catastrophes hit $380 billion in 2023, with insured losses at $118 billion, according to a new report from Aon. More than two-thirds (67%) of global insured losses occurred in the United States, and “while no event reached the $10 billion mark, there were at least 37 billion-dollar disasters in total,… Continue reading How AI, Tech Advances Can Help Insurers with Climate-Related Risks
ReSource Pro Releases New Research Report on AI in Personal Lines
The rapid advancement of artificial intelligence is having a profound impact on personal lines insurance today. T
AI Won’t Pose Immediate Existential Threat but ‘Safety Brakes’ Needed: Microsoft
Microsoft’s president says he doesn’t think artificial intelligence poses an immediate threat to humanity’s existence, but governments and businesses still need to move faster to address the technology’s risks by implementing what he calls “safety brakes”.
Biden Signs Sweeping Executive Order Regulating Artificial Intelligence
President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and acclaim.
Governments, Firms Should Spend More on AI Safety, Top Researchers Say
Artificial intelligence companies and governments should allocate at least one third of their AI research and development funding to ensuring the safety and ethical use of the systems, top AI researchers said in a paper on Tuesday.
Judge Rules AI-Generated Art Can’t Be Copyrighted
A U.S. District Court judge has ruled that art created by artificial intelligence cannot be copyrighted, in a decision that could impact the Hollywood strikes, in which AI is a key issue.