Dennis M. Sweeney Jr. on LinkedIn: GT at IIAG Fall Conference 2023 (2024)

The new trends in the P&C Insurance Industry defined by BCG.New wave of Broker consolidation and preparing the soft market...😎 😎 😎

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This year marks a defining period for insurers, characterized by the need to strategically adapt to evolving market conditions, from the impact of social inflation to the dynamic shifts brought about by technological advancements like generative AI. ❇️ Read further in the first instalment of theBoston Consulting Group (BCG)’s P&C Underwriting Excellence Series in 2024, “P&C Insurance topics for 2024: Exploring emerging trends and strategies in Underwriting Excellence” here:https://lnkd.in/dXFtAwtA#insuranceindustry#underwriting#emergingtrends

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🚨 The House Financial Services Committee recently announced the creation of a #bipartisan working group on #ArtificalIntelligence. Led by Subcommittee Chairman French Hill (R-AR) and Subcommittee Ranking Member Stephen Lynch (D-MA), this working group is a continuation of the work conducted by the Task Force on Artificial Intelligence in past Congresses. 👏 In an article published by the American Banker, FTA president and CEO Penny Lee said, "We are pleased to see the House Financial Services Committee create the working group and look forward to working with them as we explore the future of AI-driven innovation and consumer protection." Learn more below ⬇️ https://bit.ly/3O6u7oe

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A succinct and informative interview between Paloma Quiroga Arias, PhD and Meg Green from Insurance Insider around the use of machine learning and AI in insurance. There are incredible amounts of data available today, but the key is being able to extract relevant and actionable insights from that huge volume of data. Paloma also adeptly points out that identifying partners with a proven track record in the space is extremely important to the successful implementation of these emerging technologies. #Insurance #AI #riskmanagement

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Artificial intelligence (AI) has transformed the life sciences industry in ways that we could never have imagined. It now impacts each stage of a life science product’s lifecycle — from research and drug discovery to clinical trials, manufacturing, supply chain logistics, marketing, and sales.Take a look at this article, produced by Marsh, a global leader in insurance broking and risk management, discussing the significant impact of AI on our industry ⬇️https://ow.ly/lRVI50PkuoU

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The benefits of applied AI at every stage of the life science value chain are immense#lifesciences #biotech #researchanddevelopment #designbuild #unispacelifesciences

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Check out this recent interview of Paloma Quiroga Arias, PhD with Meg Green for Insurance Insider where they discussed:💡 What will it take to bring the use of advanced data #analytics, #ai, and machine learning in the insurance industry to the next level?💡 How are predictive models influencing decision-making?💡 What are the potential pitfalls of the increased use of AI and how to tackle them? Don't miss out on this insightful conversation!#EvolveBeyond

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The opportunities that #GenAI opens rely on finding a balance between human expertise and the new technologies, said Paloma Quiroga Arias, PhD, Head of Risk Consulting & Analytics, for Swiss Re. For instance, Swiss Re is applying behavior economics to the results of analytical models.Watch the interview here: https://bit.ly/48enDLfIn Partnership with Swiss Re #InsuranceInsidernews #insurance #reinsurance

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🚨For those who missed it, our paper "From Bias to Black Boxes: Understanding and Managing the Risks of AI - An Actuarial Perspective" was published this week by the British Actuarial Journal.🔗 Link: https://lnkd.in/e5JZN_Eb📚 A dense work, written jointly with renowned authors* (from France, Belgium, England, Germany, South Africa, and so on). In this paper:- We explore some of the risks related to #AI from an #actuarial perspective based- We define the key gaps, challenges faced when implementing and utilising modern #insurance modelling techniques- We discuss best practice guidelines to define an ideal approach🙌 * A big thanks to all the crew members:Jean Dessain Shaun Bennet Matthew Byrne Dr. Arijit Das Richard G. Paul King Victor Mutanga Frank Schiller Stefan Zaaimanand all the others!And a special mention to the amazing Actuartech team: Lara van Heerden Patrick Moehrke and of course Valerie Du Preez !

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Today, Rosa M. Abrantes-Metz spoke in the panel “The Competitive Impacts of Artificial Intelligence in Financial Services” during the 2023 Antitrust in the Financial Sector Summit.#Antitrust #AI #FinancialServices #MorganLewis #BRGexpert

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