How Can AI Help Insurers Avoid Cognitive Overload?

Introduction

Mark Huxley, non-executive chairman of BareRock, explains how artificial intelligence can help human insurers avoid cognitive overload and achieve something mighty.

The Rise of AI

You can’t go anywhere at the moment without the letters A and I being included. The lightning speed and effect artificial intelligence is having upon us all is unprecedented.

Benefits of AI in Insurance

AI can help insurers by automating routine tasks, allowing them to focus on more complex decision-making processes. This reduces cognitive overload and improves efficiency.

Challenges and Ethical Considerations

While AI offers numerous benefits, it also presents challenges such as ethical considerations and the need for responsible use. For more on this, check out Zurich’s Jones on the importance of ethical use of AI.

Conclusion

AI is set to transform the insurance industry by reducing cognitive overload and enabling human insurers to achieve more. However, it is crucial to address ethical considerations to ensure responsible use.

For more information, visit the full article here.

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