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ARTICLE · 06 NOVEMBER 2024

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Artificial Intelligence And The Future Of Insurance

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The report is a compilation of the expertise and opinion of members from 18 countries and provides compelling insight into the state of AI in their respective markets as the so-called Fourth Industrial Revolution changes.

ChinaInsurance
Jan Holthuis
Jan Holthuis
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ARTIFICIAL INTELLIGENCE – AN EXECUTIVE SUMMARY

So much has been written about AI in the last 15 months since we first heard about Chat GPT that it is sometimes difficult to see the wood from the trees. What is AI? Is it new? Is it just the latest in a long line of tech innovations that we will seamlessly adopt into our workplace environment or is the real deal that will cause massive disruption to the way we work and global capitalism is organised. Or both? This report looks at how AI is impacting the global insurance industry today and in the future. We begin with an overview of where we are with AI regulation across the world with an analysis of the recent EU plans in this area. Will other countries follow a similar path? Politicians and regulators have a habit of being behind the curve when dealing with innovative ideas and tech developments. Similarly, the insurance sector is not always renown for being enthusiastic and early adopters of new thinking, but our

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