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Advancements in the ability of generative AI to learn the rules of natural language are laying the foundations for fundamental change in how unstructured data is processed in the reinsurance industry.
Artificial Intelligence (AI) is not a new technology.
Predictive (or traditional) AI that uses machine learning to analyse data, recognise patterns and make predictions has been around for decades. But at the end of 2022, a new type of AI system came to prominence: generative AI.
In this article we consider the impact of recent advancements in generative AI within the broader context of AI in reinsurance.
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