For the first time, cyber incidents join BI at the top of the rankings, also identified by 37 percent of respondents as one of the three top risks, said Allianz, explaining that cyber incidents include cyber crime, IT failure/outage, data breaches, fines and penalties, which are increasingly resulting in significant BI losses of their own.
These use cases illustrate how implementing AI now benefits short-term carrier ROI while positioning those companies to be more sophisticated over time. Since insurance companies started to adopt bots powered by Artificial Intelligence for customer service and claims about three years ago, the hype around AI in insurance has been building. While cautious observers have been building the hype, smart carriers have found [...]
This aggregate information is compiled from claims data filed by insurers. It has not been audited or independently verified and covers all claims based on filings received by the Florida Office of Insurance Regulation as of January 18, 2019. Companies were required to begin submitting data on October 12, 2018 and additional data calls were [...]