Forbes August 7, 2024
Marcus Daley is technical co-founder of NeuralMetrics, a 2022 FinTech Global top 100 technology company driving innovation in insurance.
AI’s role in insurance goes beyond automation. It represents a paradigm shift in how insurers approach risk assessment, customer engagement and claims processing. The integration of open-source AI solutions, in particular, has been transformative, offering a new level of transparency and collaboration.
Open-source AI has been instrumental in democratizing access to advanced technological solutions. Smaller firms, once at a competitive disadvantage due to resource constraints, can now tap into the same AI tools as their larger counterparts. This leveling of the playing field promotes innovation and competition, which should ultimately lead to better consumer products and services.
This movement toward open-source...
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