AI is transforming the insurance industry, affecting claims, fraud detection, underwriting, and more. Insurers must balance AI's potential with data accuracy, ethics, and human expertise.
Over the last few months, it seems everyone has been talking about large language models – or LLMs – and how they are set to revolutionise the way insurance companies operate. But what do these models mean for the insurance industry? And do they really live up to the hype?
