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Ancient revolutions, like the Big Bang, pass through the mantle zone. The driver, as it happens in all areas (economics and others) is artificial intelligence (AI). Confirmation from a new research conducted by EY entitled “Claims (Re)generation: the potential of generative AI in claims management, between benefits and risks” that Plus24 can expect. This is the focus of the consulting firm, in collaboration with the Insurtech Association of Italy (IIA). This study, conducted with 25 insurance players including well-known companies, insurtechs and retailers in the Italian market, examines the benefits and risks associated with the use of generative AI in the insurance sector and a will present it in detail on 13 June during the “Beyond Claims” event & Market Centricity”. This report focuses on processes related to claim management to analyze how players apply this technology to improve the user experience and increase operational efficiency and statement management.
The final word on the Ris (business plan) is submitted to the next parliament, which is being voted on in recent days. However, in the meantime, the incentive issue (that is, the payment of the advice as a percentage of the income of the financial product, from the house of the product to the distribution network and the adviser) overcomes the risk the life of the ban, which joined the people. initial discussion. However, the question of debt remains. So that in a recent document to revive the capital market, ESMA proposed a simple product with a discount rate for securities (see Plus24 of last week). According to Giancarlo Sandrin, Head of Distribution in Central Europe at LGIM: “There are various studies that have been cited (including one from the FCA that calculates the price difference by 1% to 3%) which shows that the advice is not cheap. than the retrocession model.
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