In this Q&A, Joseph Berardo Jr. from Carisk Partners explores the potential of AI in health care, the advancements in surgical technology, and the emerging goals in the workers’ compensation industry.
Generative AI is notorious for producing what are being referred to as “hallucinations” — that is, producing language and citing information that it has essentially made up. That’s why it’s always going to be important to have veteran managers reviewing the work that generative AI produces.
Specialty drug costs nearly tripled over six years, while opioid utilization dropped and prescribing patterns shifted based on claim stage, according to Enlyte.
“Cyber is a huge topic in our industry and the world these days. Even Warren Buffett recently mentioned it as one of his ongoing fears in managing his businesses, especially his insurance business.”
“Companies must ensure they provide reasonable accommodation if using AI in recruiting. They should avoid screening out potentially good candidates based on the questions asked. It’s crucial to examine who defines what a good applicant is and ensure that definition is unbiased.”
Increased capacity for property catastrophe reinsurance, including record cat bond issuance, signal a potential softening of rates, but an active hurricane season could counteract these trends, Howden Re reports.
Ascot’s Jeff Canfield shares his take on the potential of AI in underwriting, Ascot’s strategy for deal selection, and the company’s unique approach to underwriting specialty risks.
Employers say that safety technologies, from wearable devices to computer vision, are transforming the workplace and delivering promising results, according to an NCCI report
Geopolitical tensions escalate as multinational companies confront heightened political risks, with a focus on Europe, Russia, and “gray zone aggression,” reports WTW and Oxford Analytica.
Katie McGrath discusses ongoing and emerging trends in the insurance industry, the potential of an AI insurance market and the challenges of modeling the costs of cyberattacks.
Generative AI has enabled people to create images and content faster than ever before. Employers must remain vigilant should an employee choose to create nefarious and harassing content of their coworkers.
Joann Balous of Travelers discusses the evolving role of CFOs in the insurance industry, their increasing involvement in risk management decisions, and the impact of macroeconomic factors on their strategies.