Investment in AI
86% of insurance executives believe that AI will revolutionize their business within the next three years.
Personalized customer experience
Gen AI will enable insurers to offer highly personalized customer experiences by leveraging vast amounts of data.
Enhanced risk assessment and underwriting
90% of consumers expect an immediate response (10 minutes or less) to their customer service inquiries.
Claims processing and fraud detection
Automated claim handling and AI algorithms identifying fraudulent claims improve claims processing efficiency and fraud detection capabilities.
Predictive maintenance and IoT integration
Enables usage-based insurance with real-time data for accurate pricing.
Insurance workforce transformation
The adoption of Gen AI is automating many routine tasks, creating new roles focused on AI management and data analysis.
AI-powered virtual assistants handle customer inquiries, claims processing, and policy management, provide 24/7 support, and reduce wait times.
AI can decrease claims processing time by 50%.
Virtual assistants
Automated underwriting
Improved risk assessment
Customer insights
Efficient claims
Better fraud detection
Expert Partners & Sponsors
Knowledge & Innovation Partner
Technology Partner
Agenda
23 October 2024 (08.45 am to 10.15 am CT)
| 08:45 am | Aganda 1Introduction of SpeakersNitin Naveen, Vice president-Innovation Strategy, AICorespot
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| 08:50 am | Aganda 6Unlocking Potential: Gen AI in the Insurance SectorPanel Discussion– Vijay Gajwani, AVP – BFI at InfoVision (Moderator)– Abhijit Rai, Senior Director, Software Product Management & Strategy, New York Life Insurance Company– Adnan Halim, Senior Director of Engineering, Northwestern Mutual– Srivatssan Srinivasan, Vice President, Technical Architecture, Generative AI, AIG |
| 10:10 am | Aganda 1Thank you note and conclusion of event-by Nitin Naveen, Vice president-Innovation Strategy, AICorespot
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