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Generative artificial intelligence will reshape the industry

Visibility360, PDF version to share

By Kate McCaffery | Oct. 31, 2023, 10:55 a.m.

Photo: Pexels | cottonbro studio

Historical challenges, present-day and future use cases discussed by AM Best panel.

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The most popular in Society

Unpaid caregiving most common among prime working-age Canadians

Insurers warned that technology experimentation is needed to reap benefits

Pet insurance sales jump nearly 30 per cent over 2022

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Headlines

OM Financial makes acquisition

Evolving microinsurance landscape is expanding

Finance and insurance contribute to gross domestic product growth in February

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Flash

OM Financial makes acquisition

Evolving microinsurance landscape is expanding

National pharmacare: little consideration for insurers' contributions

Canada’s risk aversion causing country’s innovation paradox

AM BEST

Reinsurers expected to bear the financial brunt of Baltimore ship-bridge collision

Assumption Life insurance sales surged in 2023

Reinsurance renewals continue to be affected by third party litigation

Province licenses 17 captive companies in less than two years

Distribution

Finance and insurance contribute to gross domestic product growth in February

Beneva’s profits up 149 per cent in 2023

Alberta opens consultation on auto insurance reform

Pension plans ramp up risk reduction transactions

Special risks

Global insured catastrophe losses expected to grow

Canadian after-tax incomes decreased in 2022

Nova Scotia adopts association’s short and long-term disability templates

Fallout of a cyber catastrophe modelled by reinsurer

Strategy

Wholesalers have growth ambitions

Casualty rates excluding auto liability decline at the start of 2024

Direct simplified issue offerings benefit advisors eventually

Your client’s concerns in 2024

Technology

Race to insure electric vehicles could change the industry

Embracing artificial intelligence is crucial for industry

A veteran of the Client Management Software industry returns

Insurers warned that technology experimentation is needed to reap benefits

Analytic

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

Income inequality gap widens in 2023

Harnesssing group insurance data: The Power of statistics

Artificial intelligence

Generative artificial intelligence expected to increase small-scale cyber attacks

Executives think generative artificial intelligence will deliver gains over 30 per cent

Regulator publishes Ransomware Response Playbook for member firms

ChatGPT expected to have a positive impact on advisor productivity