ChatGPT and Generative AI in Insurance

Reality, Hype, What’s Next, and How to Prepare

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About This Report
ChatGPT and generative AI have taken the business world by storm. But how valid is the buzz around the technology? And how should insurance leaders act on the opportunity in 2023?
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Executive Summary

ChatGPT, a conversational AI model built by OpenAI, is the most talked-about technology of 2023. And it has piqued the interest of insurance industry leaders. But where exactly will ChatGPT, and generative AI broadly, have the greatest impact? And what are its most and least promising use cases? In this report, we delve into the future of generative AI and provide actionable steps for insurance providers to prepare for its rise.

authors

Eleni Digalaki

Contributors

Yoram Wurmser
Principal Analyst
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