The use of generative AI in underwriting is revolutionizing the Life insurance industry by improving risk assessment and streamlining the underwriting process. This technology can be used to analyze large volumes of data from a variety of sources, such as medical records, financial data, and lifestyle factors, to accurately assess risk and assign appropriate premiums. However, potential challenges and limitations of using generative AI in underwriting exist, such as data privacy concerns, data quality issues and the need for human oversight. This session will explore the potential benefits and challenges of using generative AI and how to integrate it into the underwriting process, while keeping humans at center.

Speakers:

Alex Schmelkin, CEO & Founder, Sixfold
Moderator: Jennifer Herz, Principal, Financial Services, EY
Patrick Sugent, VP, Data Science, LexisNexis
Tim Heslin, President of Life Insurance, Corebridge Financial