AI is the hot topic right now in life insurance. At Bestow, we’ve leveraged the power of AI to help our teams work smarter not harder. So, in the spirit of helping us all be more efficient, we figured we’d save you some time by rounding up some of the best recent articles about the benefits (and challenges) of AI in life insurance, including a boots-on-the-ground account from our VP of Engineering.
How we built an internal chatbot that uses generative AI
Bestow’s VP of engineering talks about how his team leveraged AI to make life easier for employees across the organization.
“We built a tool that uses Large Language Models (LLM) to analyze and summarize large documents. This has created tremendous efficiencies for our underwriting, engineering, and marketing teams.” - Peter Olah, VP of Engineering at Bestow
Here’s what leaders throughout the industry are saying right now:
How AI is helping carriers fight fraud
New technology could save billions of dollars across the industry.
Read more at Business Insider →
AI is new, but some of its challenges are not
Carriers look to navigate the space between tech innovation and risk management.
AI could revolutionize direct-to-consumer
A DOL proposal could challenge conventional commission models, but AI presents an opportunity to rethink distribution strategies.
Read more at Insurance Newsnet →
Is your organization actually ready for AI?
Carriers must be introspective and honest in determining if they're properly prepared to take advantage of AI's many potential benefits.
Read more at Digital Insurance →
Missed last month’s newsletter?
The shift towards end-to-end solutions
More and more, carriers are growing weary of their tangled web of point solutions, and are looking for real partnership to drive true modernization. Read more.
