Artificial intelligence (AI) is transforming the insurance industry, offering a much-needed upgrade to efficiently manage the surge in claims caused by extreme weather events. Insurers face mounting challenges from climate change, including processing a high volume of claims and mitigating
Chainalysis is at the forefront of leveraging artificial intelligence to tackle the growing threats and complexities in the cryptocurrency landscape. The firm is making strategic investments in blockchain technology and enhancing its suite of products to stay ahead of AI-driven scams and
Generative artificial intelligence (GenAI) has profoundly transformed the landscape of risk management and fraud detection across various industries. This technological revolution does not aim to usurp human expertise but rather to augment it, enabling professionals to concentrate on more strategic
In recent years, technological advancements in motor insurance have revolutionized the claims process, addressing long-standing barriers such as limited access in urban areas and fraudulent claims. With the increased integration of AI and digital platforms, the industry is undergoing a
With an ever-increasing number of fraudulent insurance claims shaking the UK insurance industry, companies like Aviva are stepping up their game. The year 2024 recorded a notable surge in dishonest claims, prompting Aviva to take a closer look at its processes and technology to counteract this
Google continues to face significant challenges in the artificial intelligence (AI) landscape, particularly in maintaining competitiveness with the Gemini AI chatbot against leading rivals like OpenAI’s ChatGPT and Microsoft's Copilot. Recently, substantial changes have been undertaken within G
