Join us in this co-hosted webinar with Aioi Nissay Dowa Europe (AND-E) exploring how insurers are utilising the latest AI developments to transform their businesses for success in the digital age.
The insurance market is rapidly evolving. Providers are integrating Artificial Intelligence (AI) to take advantage of the explosion of data emerging from connected devices, smart cities, and the changing relationships between humans and technology.
Mind Foundry and Aioi Nissay Dowa Europe (AND-E) have been working together to drive digital transformation throughout a number of their business lines and departments.
Throughout this report we will look at:
The four myths around AI adoption
AI in action at AND-E
The future of AI in insurance
Going from Artificial Intelligence to Organisational Intelligence
AI Myths
Kicks off by discussing four commonly believed myths of working with AI:
Myth: AI is not compatible with a highly regulated environment
Myth: Success with AI is only available to disruptive business models
Myth: An automation roadmap will bring about organisational change
Myth: If you adopt AI today, you don’t have to think about tomorrow
Find out why these myths should be busted.
3x Use Cases
Nika Lee, UK Chief Underwriting Officer at AND-E, discusses the ROI from the most powerful use cases for the responsible use of AI in insurance including:
120% improvement in fraud detection rates in the first month
95% precision of classification models in detecting delivery trips
Improved understanding of risk creating value through pricing optimisation
Future of Insurance
It's an exciting time to be bringing AI to insurance. Warren Hetz, UK CEO at AND-E paints a picture of the rapidly evolving future of insurance:
How to achieve success by creating a collaborative approach between humans and AI
How the future of claims, service, underwriting, and pricing will be reshaped by AI
How to generate better value and experiences for customers
How to up-skill your whole team, not just the data scientists, to gain an intuition for how to work with AI
Organisational intelligence
Brian Mullins, CEO at Mind Foundry, concludes the webinar with a thought-provoking discussion about what's next for AI in insurance and other industries that need to solve high-stakes problems responsibly.
Will AI 'wake up'?
Does a superintelligence already exist?
Why is it important to go from Artificial Intelligence to Organisational Intelligence?
AI adoption has accelerated in insurance in recent years, with 77% of insurers indicating they are at some stage of adopting AI in their value chain....
