Latest Artificial Intelligence Headlines
All the headlines from our Artificial Intelligence Topic Page, ordered by recency.
Revolutionizing Submission Automation for MGAs and Wholesalers with AI-Powered Technology: From Email Intake to Quoting in Minutes
Oct 17 2024 // This post is part of a series sponsored by Selectsys. In the fast-paced insurance industry, MGAs and wholesalers are constantly challenged with managing large volumes of submissions from agents. Typically, gatekeepers...
New York Updates Financial Services Cybersecurity Regulation to Address AI Risks
Oct 17 2024 // The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 financial firms including insurers it regulates in addressing cybersecurity risks arising from artificial...
EU AI Act Checker Reveals Big Tech’s Compliance Pitfalls
Oct 17 2024 // Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity resilience and discriminatory output, according to data seen by Reuters. The EU had...
Using AI to Provide a More Human Claims Experience
Oct 7 2024 // The robots are coming — and in some cases, they’re here. Advancements in generative artificial intelligence are enhancing claims processes in many ways, from improving First Notices of Loss (FNOLs) to analyzing...
How Insurance Industry Can Use AI Safely and Ethically
Oct 7 2024 // Several types of artificial intelligence are already being adopted by various parts of the insurance industry and they have the potential to deliver extraordinary efficiency savings, opening the door for even more...
The Chief Artificial Intelligence Officer: Leading AI Innovation and Risk Management
Oct 4 2024 // Generative artificial intelligence (AI) has emerged as a new technology with the potential to completely reshape business practices and create new avenues for innovation. It will significantly impact virtually every...
Enhancing Underwriting Precision with AI and Cloud Technology: A Deep Dive into SelectsysTech’s RQB Platform
Oct 4 2024 // This post is part of a series sponsored by Selectsys. In today’s fast-paced insurance industry, precision in underwriting is not just a requirement—it’s a critical factor in maintaining competitiveness and...
California Governor Vetoes Bill to Create First-in-Nation AI Safety Measures
Oct 1 2024 // California Gov. Gavin Newsom vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models. The decision is a major blow to efforts attempting to rein in the...
AI Being Used to Scam Small Business Owners, Says Nationwide Survey
Sep 26 2024 // Just when employees have learned to ignore scammy texts and emails from the boss, along comes the next generation of impersonation using artificial intelligence. Cybercriminals increasingly use generative AI, including...
FTC Crackdown on Companies Using AI Includes ‘Robot Lawyer,’ Content Generator
Sep 26 2024 // As its authority is routinely questioned, the Federal Trade Commission has filed complaints against five companies it said use artificial intelligence (AI) to “supercharge deceptive or unfair...
Insurance CEOs Talk Gen AI, Growth, Workforce Strategies
Sep 25 2024 // A much higher percentage of insurance chief executives say that generative AI is a top investment priority for their firms than peers in other industries, according to a survey report published by professional services...
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI
Sep 20 2024 // With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being...
Ex-Google Executive’s Startup to Use AI to Forecast the Weather
Sep 19 2024 // A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths like Nvidia Corp. and Huawei Technologies Co. in an increasingly crowded...
Viewpoint: How Insurance Industry Can Use AI Safely and Ethically
Sep 18 2024 // Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis,...
Leveraging AI in Insurance: How SelectsysTech’s AI OCR Bridge Transforms Data Extraction
Sep 18 2024 // This post is part of a series sponsored by Selectsys. Introduction In today’s data-driven world, the ability to quickly and accurately extract information from documents is crucial for the insurance industry. Manual...
As Storm Bebinca Approaches, Taiwan Uses AI to Predict Typhoon Paths
Sep 13 2024 // As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei are using a new and so far successful method to help track its path –...
OpenAI, Nvidia Executives Discuss AI Infrastructure Needs With Biden Officials
Sep 13 2024 // OpenAI Chief Executive Officer Sam Altman and Nvidia Corp. CEO Jensen Huang met with senior Biden administration officials and other industry leaders at the White House on Thursday to discuss how to fill the massive...
Top EU Privacy Regulator Opens Probe Into Google’s AI Compliance
Sep 12 2024 // The top EU privacy regulator opened an inquiry on Thursday into whether search engine giant Google adequately protected European Union users’ personal data before using it to help develop its foundational AI...
Commerce Department Looks to Require Reporting for AI, Cloud Providers
Sep 9 2024 // The U.S. Commerce Department said Monday it is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers to ensure the technologies are safe and can...
Harnessing AI OCR Technology for Efficient Data Extraction
Sep 5 2024 // This post is part of a series sponsored by Selectsys. In today’s digital age, data is the lifeblood of the insurance industry. Accurate and efficient data extraction is crucial for streamlining operations, reducing...
