InsurTech weekly - Transforming sustainability into a business opportunity

_{Generative AI revamping the insurance value chain}

‍Global insurers contending with proliferating risks, such as climate change, natural catastrophe, cybersecurity, rising customer expectations, such as tailored coverages and personalized experiences, and profitability pressures are looking to the transformative potential of generative AI (GenAI). Though the technology is still in the early stages of development, many global insurers clearly see how it can unleash competitive disruption, create new revenue opportunities and promote operational excellence.

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_{Google's latest model for climate risks}

‍At the intersection of its unrivaled expertise in mapping and artificial intelligence, Alphabet (Google) is actively developing advanced solutions for predicting and assisting in the remediation of natural disasters and their impacts through its X division, which is dedicated to its most ambitious projects.

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_{Will Model-as-a-Service smoothen LLM adoption?}

‍Today’s tools make it easy to build AI-powered applications. But a complex area most, if not all, developers want to avoid is having to sort out how to host the models being used. It’s one thing to choose between OpenAI’s GPT-4o, Meta’s Lllama 3, Google’s Gemini or the many open-source models out in the marketplace. It’s quite another to deploy it.