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AI is transforming BFSI with enhanced efficiency, risk assessment, and financial inclusion. However, managing bias, security, and regulations is crucial. A balanced approach with automation and human oversight will shape AI's future.
The Adverse Event Severity Prediction feature assists in triaging investigations by predicting the severity of events.
Girish Poojar highlights the immense potential of AI and data-driven innovations in reshaping the insurance industry
The use of the artificial intelligence model DeepSeek among mainland China insurance companies has the potential to help small to medium-sized carriers improve operational efficiencies. Overall, according to its new commentary,
EY Responsible AI (RAI) Frameworks - Responsibility, veracity, transparency, and reliability is at the core of the EY.ai Agentic Platform, which will leverage NVIDIA NeMo Guardrails and EY SafePrompt software to more effectively mitigate AI risk at the agent level.
The legal tech group connected to UK-based law firm Kennedys has launched what it's calling the 'first fully explainable neuro-symbolic AI risk analysis solution'. It's called Kennedys
A new artificial intelligence-driven parametric insurer has launched in Bermuda and Texas, aiming to transform how natural catastrophe risks are underwritten and managed. Mythen, founded by
Parametric insurance products can help to address the increasing protection gap arising in respect of climate-related physical risk. As AI