How AI Is Impacting the Insurance Industry

AI and industry risks

Artificial Intelligence (AI) is changing how nearly all companies do business and significantly influencing the property and casualty insurance industry. From improving customer service to reducing operational costs, AI is helping insurers make their businesses more innovative and efficient. And while AI offers many benefits, there are challenges associated with implementing it into day-to-day processes… Continue reading How AI Is Impacting the Insurance Industry

Munich Re Offers New Validation Service for Trustworthy AI

AI and cyber risks

With its new CertAI validation service, Munich Re is increasing the acceptance of artificial intelligence (AI), paving the way for the responsible use of AI applications. Companies from a wide range of industries are currently investing in the development and deployment of AI in order to generate promising business opportunities. However, many people continue to… Continue reading Munich Re Offers New Validation Service for Trustworthy AI

Travelers Introduces AI-Based Ergonomic Assessments

AI and cyber risks

The Travelers Companies, Inc. today announced that it is the first insurance carrier to offer its business customers virtual and on-site ergonomic assessments using artificial intelligence (AI). The new offering combines AI-based technology and ergonomic research to quickly analyze a smartphone video of a worker performing a task and identify movements and postures that could… Continue reading Travelers Introduces AI-Based Ergonomic Assessments

California Utilities Hope Drones, AI Will Lower Risk of Future Wildfires

Small group of firefighters battling an out of control wildfire on a hillside, north of Los Angeles, with electrical pylon in background.

As California copes with one of its worst wildfire seasons on record, PG&E Corp. and other major utility companies are investigating how artificial intelligence might reduce the risk of future conflagrations. Current fires have spurred evacuation orders in California, Oregon and Washington and darkened skies in the San Francisco area. In California, fires have burned… Continue reading California Utilities Hope Drones, AI Will Lower Risk of Future Wildfires

Big Tech to Face More Requirements in Europe on Data Sharing, AI

American tech companies will soon need to meet new requirements in the European Union regarding artificial intelligence and sharing data with smaller rivals, as the bloc seeks to assert its “technological sovereignty” from the U.S. and China. EU regulators unveiled plans Wednesday aimed at placing more restrictions on machine learning-enabled technologies in fields ranging from… Continue reading Big Tech to Face More Requirements in Europe on Data Sharing, AI

How Will Artificial Intelligence Affect the Insurance Industry?

AI and cyber risks

The Rising Popularity of Artificial Intelligence Artificial Intelligence (AI) is best known to most people as the antagonist of countless science fiction stories. But the future is now, and AI is fast becoming an effective way to do business. This does not mean that robots are handling the day-to-day work (at least not in the… Continue reading How Will Artificial Intelligence Affect the Insurance Industry?

IBM Proposes Artificial Intelligence Rules to Ease Bias Concerns

AI and healthcare

IBM called for rules aimed at eliminating bias in artificial intelligence to ease concerns that the technology relies on data that bakes in past discriminatory practices and could harm women, minorities, the disabled, older Americans and others. As it seeks to define a growing debate in the U.S. and Europe over how to regulate the… Continue reading IBM Proposes Artificial Intelligence Rules to Ease Bias Concerns

White House Proposes Regulatory Principles to Govern AI Use

AI and healthcare

The White House on Tuesday proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach”, and said it wants European officials to likewise avoid aggressive approaches. In a fact sheet, the White House said federal agencies should “conduct risk assessment and cost-benefit analyses prior to any regulatory… Continue reading White House Proposes Regulatory Principles to Govern AI Use

Cigna Uses AI to Check if Patients Are Taking their Medications

AI and healthcare

Cigna Corp. plans to expand a system that uses artificial intelligence to identify gaps in treatment of chronic diseases, such as patients skipping their medications, and deliver personalized recommendations for specific patients. The product, called Health Connect 360, integrates data from a combination of sources and analytical tools, some developed at Cigna and others brought… Continue reading Cigna Uses AI to Check if Patients Are Taking their Medications