InsurTech & Artificial Intelligence - Key Considerations for Insurance Professionals

Introduction

Artificial Intelligence is changing the way that things are done in every conceivable sector of the global economy with the insurance sector being no exception. In the insurance sector, this new technology is known as 'InsurTech' and it is revolutionising all stages of the insurance process from distribution to underwriting and claims.

As well as opportunities, however, this new technology presents a number of new legal, commercial and practical challenges. Anyone involved in buying, selling or distributing insurance, as well as their legal advisors, needs to be aware of these developments. This new virtual seminar offers an introductory overview of these issues.

What You Will Learn

This live and interactive course will cover the following:

• InsurTech in practice - How the insurance industry is already using InsurTech across underwriting, distribution and claims handling with examples you can adapt
• The legal challenges for insurers and brokers seeking to exploit the new technology including data management and retention and avoiding bias
• Operational risks - Practical challenges such as data poisoning and data theft
• How Agentic AI and the Internet of Things are being used in the claims and underwriting process and the opportunity this presents for both insurers and insureds
• Distribution innovations - New methods of distribution of insurance and the implications for brokers of direct selling
• New coverage issues including silent AI cover and the interface with property and cyber policies
• New risks as a result of the use of AI by insureds
• Looking ahead - practical steps to prepare for future AI developments and integrate them safely into your business

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.