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US insurers pulling ahead in AI investment, strategy execution

US insurers pulling ahead in AI investment, strategy execution

by AIP Online Bureau | May 4, 2025 | Data, Eco/Invest/Demography, Policy, Regulation, Technology

One thing is certain, AI is not just a technical investment, it’s a strategic business priority for insurers. It demands leadership, cultural alignment, and organisational agility – areas where the US seems to be leading the way right now LONDON: New research...

Large number of Indians quit pursuing career goals due to hurdles: Study

by AIP Online Bureau | Apr 26, 2025 | Data, Technology

According to the 60 per cent that were covered in study aren’t familiar with AI, and only 31 per cent have tried any Generative AI tool Around 61 per cent of Indians who participated in a survey shared that they stopped pursuing a professional or creative goal...

AI makes weather forecasting more cost effective and accurate

by AIP Online Bureau | Apr 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

This is the first time Taiping Reinsurance is bringing high-resolution flood modeling in-house, instead of relying on coarser models developed by US risk analytics companies, said Sheldon Yu, chief executive officer at the Hong Kong-based reinsurer The weather...
AI in Insurance: GenAI tools driving over 30% productivity gains, industry leaders getting results, BCG Report

AI in Insurance: GenAI tools driving over 30% productivity gains, industry leaders getting results, BCG Report

by AIP Online Bureau | Apr 11, 2025 | Indian News, Technology

Pallavi Malani, India Leader – Insurance Practice, BCG said, “Generative AI is reshaping the insurance industry. From underwriting and claims automation to customer service and AI enabled agency channel – we expect AI to structurally change the industry....
No specific prohibition on use of AI-based tools by govt depts Union minister Jitendra Singh

No specific prohibition on use of AI-based tools by govt depts Union minister Jitendra Singh

by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

However, government functionaries are expected to exercise due diligence and caution to ensure safety, security and confidentiality of public information while using any digital technology or platform, Union minister Jitendra Singh said in a written reply to the Rajya...
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