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AI's Transformative Impact on Re/Insurance
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Generative AI is poised to revolutionize the re/insurance industry, enhancing its size and global impact, according to Cytora's CEO, Richard Hartley. He emphasizes AI's potential to augment teams, benefit customers, and increase industry profitability. Hartley envisions generative AI as a catalyst for potential automation of the insurance value chain, unlocking significant value for large insurers.
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How could the increasing adoption of generative AI influence the competitive landscape and market dynamics of the re/insurance sector?
How might the integration of generative AI impact the workforce and job roles within the re/insurance sector?
What regulatory considerations should be addressed to ensure the responsible and ethical implementation of AI in the re/insurance industry?
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