Insurance Has Five Problems But A.I. Isn't Among Them - Insurance-Canada.ca

Aug.23, 2024 – By Stu Bradley, SAS – The insurance sector is facing an existential crisis amid skyrocketing premiums and record losses due to increasingly frequent and severe natural disasters.Some insurance leaders have pinned their hopes on the generative AI boom for quick fixes, while critics claim GenAI is just one more problem in an already fraught landscape.

The truth is more nuanced: experts from SAS have analyzed the top five insurance problems – and using AI isn't one of them.

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Publisher: Insurance Canada