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ESG and AI dominate the insights provided by Kennedys global lawyers in our latest London Market Brief. #londonmarket #insurance #ESG #AIrisks

In the latest edition of London Market Brief, our experts outline the legal issues arising from AI technologies that have the potential to bring innovation to insurance. Find out more: https://lnkd.in/eGyuN4yW   Read the full Brief here: https://lnkd.in/eSs_HyWm Subscribe to further updates here: https://lnkd.in/dGzvTav Thank you to all our contributors and lead partner Nick Williams. #LondonMarket #ArtificialIntelligence #Insurance

🤖 Brilliant article written by my colleagues Isabelle Santenac, Gaston Messineo and Peter Manchester on how to revolutionize the insurance value chain with #GenAI. Using data from our global EY-Parthenon Insurance Gen AI survey, they conclude that a dual-action approach is most efficient for near-term value and long-term success.  Read more here: 👉 https://lnkd.in/eWRGAsjx? WT.mc_id=14571264&AA.tsrc=ownedsocial   #FinancialServices #Insurance #Insurtech   

Bold Penguin Analytics leverages #AI to enrich, extract, and comprehend data relating to the submission, #underwriting, and coverage of commercial insurance. These are exciting times in the insurance industry continues to evolve. We're proud to be at the forefront of shaping the future of #insurance 👇 https://bit.ly/3ODpNMH

CEO Tanner Hackett shares his thoughts with Insurance Business America on the role of AI and data analytics in claims outcomes and why more carriers are looking to partner with insurtechs. 🔗 Read the full article: https://lnkd.in/eepn2dXN Thanks for the conversation, David Saric! #insurtech #insurance #claimsmanagement #managementliability #professionalliability #yourcounterpart

To know the outlook for Gen AI adoption among insurance companies in 2024, follow the money, says Rima Safari of PwC. “Many of them did not have funding allocated to it for this year,” she said. “But they're certainly counting for large investments associated with this for next year.” https://bit.ly/46T7Zo8 #insurtech #insurance #GenAI

"🚨 Heads up to all insurance professionals! 🚨 Dive into our latest article discussing the crucial role of AI in professional indemnity renewal assessments. Stay ahead of the curve and gain insights into how AI is transforming the insurance landscape. Don't miss out, read it now like below: https://lnkd.in/eNp2i2vR #Insurance #AI #ProfessionalIndemnity #StayInformed"

Great article on the need for greater insurance rate model transparency and traceability! Kate Terry given that generalized linear models have been around for some time, do you feel like the greatest area of product development and rate making innovation that is happening is around incorporating newer AL/ML actuarial modeling and data science techniques or is it really more about incorporating newer and/or more accurate, curated data sources that are fair and unbiased?

Are you adopting AI due to the fear of falling behind or is it an informed choice? Check out this blog by barbara schwarz to learn more about how insurers can separate hype from substance. https://bit.ly/3tbi95G #aiininsurance #artificialintelligence #Insurtech2023 #insurancesoftware #insurancesolutions #insurancecompany #insurance #generativeai #AIChatbot #machinelearning #insuranceindustry #aitechnology #PersonalDigitalAssistants #riskassessment #simpleinspire

Explore how AI transforms insurance operations strategically. Nishad Lad, Head of Data at AM Specialty Insurance Group Company, emphasizes the importance of refining processes before AI adoption. https://hubs.la/Q02hc7dl0 #InsurTech #AIInInsurance #ProcessOptimization #InnovationJourney