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AI Optimism in Underwriting Challenges
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AI's Promise in Insurance Underwriting
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Insurance leaders see AI potential in underwriting and fraud reduction, yet underwriter trust lags. Capgemini's report outlines challenges faced by P&C insurers and emphasizes AI/ML for quality enhancement. However, underwriters' confidence in automated suggestions remains low.
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How can insurers effectively bridge the trust gap between underwriters and AI technology?
What measures are crucial for P&C insurers to adapt to the evolving landscape outlined in the report?
What role might AI/ML advancements play in reshaping the future of underwriting and fraud detection in the insurance industry?
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