FM Global EVP: AI is going to be a huge factor in insurance

Insurance Business America | May 08, 2019

Innovation is one of the biggest buzz words in insurance right now. It means different things to different people. While one firm might see innovation as investment into new ideas coming out of the insurtech ecosystem, another might see it as using technology to make improvements to something they’ve always done. Regardless of how insurance companies tackle innovation, there are two common themes that seem to penetrate each interpretation – data analytics and artificial intelligence (AI). I believe AI is going to be a huge factor in the insurance industry – it just has to be,” said Bret Ahnell, executive vice president at FM Global, a global risk management and insurance solutions provider for complex property risks. “I think the winning users of AI going forward will be defined by the companies that have good data. What are you going to do AI on if you don’t have good data? “FM Global has been a data-driven company for decades. We know where to find good data, so now we’re looking at how to turn that data into powerful knowledge for our clients.

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Every tax professional has to balance complex regulations and a to-do list that only seems to get longer, but the best tax professionals get a little help from smart technology to give them the leading edge. Download our Tax Department Checklist today to see where you rank among your colleagues and learn how you can work smarte

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