Operations/tech
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In this second of a two-part analysis on the proliferation of ChatGPT and similar generative AI tools, Insurance Insider explores the risks inherent in using them. -
Amid a wide spectrum of views on the proliferation of ChatGPT in insurance, this first of a two-part analysis explores the use cases of automation, data extraction, fraud detection and more.
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Verisk said the deal will expand its data and technology solutions for straight-through processing and distribution to a growing market of SME brokers, coverholders and MGAs.
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Guy Carpenter was the sole placing broker sourcing capacity for the tie-up.
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Joe Gordon also reiterated plans to switch off PPL’s older Ebix Europe platform later this year, claiming some participants see friction with brokers “when it’s not there”.
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The integration launched by Eigen Technologies, a provider of AI-driven document processing and data extraction services, marks another advance of large language-model technology in the London market.
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Egan will receive an annual base salary of $1.1mn and an annual target bonus equal to 140% of his salary.
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Artificial Labs is developing a pilot with several carriers and brokers that integrates a generative AI model, including the use of ChatGPT, into its algorithmic underwriting platform.
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PPL has avoided having to renew with Ebix Europe again for 2024 – a move that would have cost the placement platform around £8mn-£10mn.
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The Corporation appointed two barristers to examine the behaviour of five employees within the underwriting directorate.
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The go-live has started with more than 450 colleagues in Aon UK’s commercial risk teams covering marine financial and professional services, natural resources and construction.
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The technology company has completed a major step in moving London market systems to the cloud, in a project that lays some of the groundwork for the Blueprint Two reforms.
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