Why Gen AI Alone, Won’t Transform Underwriting

Generative AI is all the rage in the world of business, including insurance, but is it everything it's cracked up to be? Deepak Dastrala, Chief Technology Officer of IntellectAI, says Gen AI may disappoint ... unless it's combined effectively with traditional AI. 

Why Gen AI Alone, Won’t Transform Underwriting

Despite all the focus on the breakthroughs with large language models and the heightened potential for human-like, traditional AI, he says insurers trying to reap the benefits face less of a science problem and more of an engineering problem. Forming the issue correctly, he says, will let insurers use both types of AI and deliver the right data to the right underwriter at the right time. 

In this webinar, ITL editor-in-chief Paul Carroll and Deepak Dastrala explore:

• How generative AI and traditional AI can be engineered to work together to improve underwriting decisions.

• Why human-centered design is key.

• Where the merger of generative AI and traditional AI will take commercial underwriting in the future. 

• How to get started. 

About the Speakers

Paul Carroll

Paul Carroll is the editor-in-chief of Insurance Thought Leadership.

He is also co-author of A Brief History of a Perfect Future: Inventing the Future We Can Proudly Leave Our Kids by 2050 and Billion Dollar Lessons: What You Can Learn From the Most Inexcusable Business Failures of the Last 25 Years and the author of a best-seller on IBM, published in 1993.

Carroll spent 17 years at the Wall Street Journal as an editor and reporter; he was nominated twice for the Pulitzer Prize. He later was a finalist for a National Magazine Award.

Deepak Dastrala

As CTO of IntellecAI, Deepak is responsible for technology vision, engineering and delivery of all products and services. He brings 22 years of experience in various capacities across product design, development, delivery, strategy and innovation across the financial and insurance industries.

Prior to his current role, Deepak served as Head of Strategy & Innovation for IntellectAI, where he was responsible for ideation, innovation and execution of use cases centred around frontier technology themes like Artificial Intelligence, Robotics Process Automation, Mixed Reality and Quantum Computing that are strategic to IntellectAI’s business.

Before joining Intellect, Deepak was Senior Manager at Ebix, responsible for Product Development and Internationalization of their CRM product for Financial Advisors. Deepak holds a Bachelor's degree in Mechanical Engineering.