#59 - AI, ChatGPT, & Reinsurance
In this episode we delve into the rapidly evolving intersection of AI, Generative Pre-training Transformer models (GPT), and their prospective impacts on the reinsurance industry. Discover how these technologies are shifting paradigms, enhancing reliability and pushing the frontiers of underwriting and risk pricing. Our discussions navigate through an AI-influenced future and the transformative role of AI in M&A strategies. We also delve into the increasingly pivotal role AI plays in understanding complex insurance policies and the efforts to increase reliability of language models like ChatGPT. CONNECT & SUPPORT: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss Say Hello: producer@thereinsurancepodcast.com OUTLINE & TIMESTAMPS: (00:00) Intro (02:30) Predictions of AI-Influenced Insurance (05:16) Augmented Reality (06:58) Excitement for the Future of Insurance (09:01) Current Reliability With Generative AI (13:35) Understanding Insurance Policy Documents With AI (15:10) Accuracy & Reliability of Generative AI for Insurance (18:46) Increasing Reliability of Large Language Models (21:08) How AI Might Impact M&A Strategy in Insurance (23:45) AI Model Regulation for Risk Pricing (24:53) Solving Problems That Matter (30:25) AI & ChatGPT Prompting