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Why did Moody's—a legacy financial institution built on risk assessment—move aggressively to adopt generative AI, an unproven technology? Because leadership calculated that the risk of standing still outweighed the risk of moving fast.
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,
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
Outmarket AI, an intelligence platform transforming commercial insurance with cutting-edge AI, has officially launched with $4.7 million in seed funding. The round, led by Fika Ventures with participation from TTV and Dash Fund,
Manulife announced today that over 75 percent of its global workforce are engaged with GenAI through learning, immersive experiences and tools, including ChatMFC, its proprietary GenAI assistant introduced in 2024.
Its technology is already deployed by financial firms managing over $2.3tn in assets, including Pictet Group, UBP, LGT Private Banking, and SIX.
Specifically designed for faculty, MonarchMind gives users access to ChatGPT, Gemini and Llama on a secure, university-run system that does not share chat data with outside parties or use it to train AI models.
Seattle startup Overland AI is bringing manufacturing operations close to home with the opening of a 22,000 square-foot facility that will help the 3-year-old company boost production of its autonomous ground systems.