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AI's Impact on Underwriting: Challenges and Opportunities
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Insurance industry optimistic about AI's potential in underwriting and fraud reduction, yet faces challenges with underwriter confidence. Capgemini report emphasizes AI/ML benefits but notes low trust in automated recommendations.
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How can insurers effectively balance AI integration with maintaining underwriter confidence?
What broader implications does the reliance on AI in underwriting have for the insurance industry's future?
What strategies can underwriters adopt to enhance their trust in AI/ML technology?
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