Rational Revolutionary Enterprise AI | 2024: An Insurance Odyssey

In this panel, Rational Revolutionary Enterprise AI, we discuss the implementation of AI in enterprises, focusing on The Three S's: safety, security, and scalability. They highlight the challenges of integrating AI with legacy systems and emphasize the importance of flexibility and business architecture. The conversation also covers the future of generative and adaptive AI, stressing the need for specialized models and rapid innovation.

Panel Speakers:
- Gary Hoberman,
CEO & Founder -
Unqork
- Tom Wilde,
CEO
- Indico Data
- Lisa Wardlaw,
President and Founder -
360 Digital Immersion

After our sell-out half-day event in New York on the 14 March, we were back at Google but in a bigger space at their shiny new venue in St. John’s Terminal, NYC.

Despite the increased investments in technology over the past years, expense ratios and underwriting profits have remained at the same levels as they were a decade or two ago. Insurance has changed, but only incrementally – more evolution than revolution.

The industry is still a long way from realizing the full potential that technology can bring. A world that is highly automated, providing a broader range of highly customized products, priced and delivered better. But how do we get to that endgame – evolution, revolution or a bit of both?

You joined us in New York, June 4 – 2024: An Insurance Odyssey – the voyage from evolution to revolution.

In collaboration with Google Cloud, Aon, AdvantageGo, Unqork, and Indico Data, we explored the following:

-The potential benefits from re-imagining broker/carrier data exchange.
-Enterprise-ready AI capabilities matched to the industry’s needs.
-How technology and data ecosystems can streamline risk assessment and pricing.
-How the technology of today can deliver the underwriting world of tomorrow.

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00:00 Introduction
00:41 The Three S's: Safe, Secure, Scalable AI
03:11 Challenges of Legacy Systems in AI Implementation
04:55 Flexibility and Integration in AI Systems
06:59 Generative AI: Enhancing Efficiency
09:21 Business Architecture vs. Enterprise Architecture
12:27 Future of AI: Adaptive and Specialized Models