AI

The LMA urges use of AI for enhanced decision making but concerns remain.

Insurers could face a “heightened claims exposure” due to increased regulation scrutiny on the fintech industry, including buy now pay later schemes, AI and crypto, said Nick Rugg, Head of Fintech and Investment Management Insurance for Markel International.

As AI and data analytics reshape the insurance industry, Brendan Hanley, managing director of binding P&C at Markel, explains how these tools can offer real efficiency gains.