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Excitare.ai, Best Insurance's innovative AI-driven underwriting solution, has been featured on Protection Reporter! “Rather than bracketing people in largely historical-driven claims patterns, which are no longer relevant in today’s modern world, our approach promises to provide real value for money for our customers and hopefully make it more affordable for a wide range of customers.” Read the full article below.

Transparency and accountability are important for regulators to keep in mind as Artificial Intelligence transforms the insurance landscape. How can AI enhance the insurance process while ensuring fairness and transparency for consumers? Learn more at https://lnkd.in/embHaqRh

Here are five strategies for insurance brokers aiming to thrive in the age of AI and digital transformation.

Insurance documents can be overwhelming with jargon and technical terms. But with AI tools like large language models, navigating dense insurance documents just got easier. Here’s how LLMs can help insurance pros and policyholders. https://lnkd.in/gkdgiNX5

Artificial Intelligence, and technology, as it innovates, will obviously innovate in ways that we can’t imagine today. The reality is it is a tool. It can be a tool that can benefit the insurance industry and consumers, but it has to be held accountable. We cannot outsource human brainpower to technology. There is still going to be human accountability over these tools. That is going to be absolutely critical.

For a technology that has only been in the public eye for 12 months or so, the drive for adoption by the insurance industry has been remarkably rapid. But what we’ve seen so far is merely the tip of the iceberg, with gen AI’s impact only just beginning to make itself felt.

Five Ways AI Can Automate the Processing of Insurance Claims. Read the full article here.   https://lnkd.in/gxtW32Ah

Best Insurance's innovative AI-driven underwriting solution Excitare.ai has been featured on Protection Reporter! “Rather than bracketing people in largely historical-driven claims patterns, which are no longer relevant in today’s modern world, our approach promises to provide real value for money for our customers and hopefully make it more affordable for a wide range of customers.” Read the full article below.

Getting to grips with the misuse of AI in insurance—Isabelle Santenac, EY global insurance leader, explores some of the key themes of EY’s latest ‘Global Insurance Outlook’ report, emphasizing the role that #trust and transparency play in unlocking growth. https://ow.ly/NJ1y30sznJz

Our panel of industry experts share insights on what’s ahead for technology and the insurance industry in 2024.