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How Would Elon Musk Run an Insurance Company?

ITL's weekly Six Things newsletter is curated by Editor-in-Chief Paul Carroll and features top articles from leading voices in risk and insurance. Each edition also includes Paul's insightful analysis of key trends.

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ITL On Demand

ITL On Demand is a webinar program focused on important opportunities for innovation in risk management and insurance. Moderated by ITL Editor-in-Chief Paul Carroll, the webinars draw on experts from across the industry, from promising startups to the largest incumbents. Hot-button topics include blockchain, AI, telematics and IoT and their potential to slash costs while opening new markets for companies across the insurance ecosystem.

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ITL Focus: Underwriting

This Month's Focus Topic 

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Generative AI keeps speeding up the metabolic rate of the insurance industry, and underwriting shows how the gains are accelerating. 

When GenAI made its debut in late 2022, it quickly introduced efficiencies into the process. The AI could go off and gather information that underwriters would previously have had to assemble themselves. The AI could also triage submissions to help underwriters focus on the most important ones first and could do some analysis, such as seeing what had changed when a policy came up for renewal. The efficiencies have continued to pile up now that AI agents can be used to take certain actions on behalf of underwriters. 

 

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