InsurTech weekly - Will insurance agents be augmented or automated?

_{The benefits of Generative AI in insurance distribution}

‍The technology will augment insurance agents’ capabilities and help customers self-serve for simpler transactions. As generative AI permeates insurance company operations, early initiatives suggest that the technology will transform distribution in four ways.

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_{Is AI a feature or a product ?}

‍We’ve had ChatGPT for 18 months, but what’s it for? What are the use-cases? Why isn’t it useful for everyone, right now? Do Large Language Models become universal tools that can do ‘any’ task, or do we wrap them in single-purpose apps, and build thousands of new companies around that?

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_{The state of self-driving cars in Europe}

‍In 1987, Europe played host to the largest ever R&D project on driverless vehicles. The Prometheus Project pulled in €749m in funding from the intergovernmental organisation Eureka — which included 20 European countries like the UK, France, and Germany at the time — and was supported by dozens of car makers as well as academic institutions. Its mandate was to look into the use of tech like AI to develop autonomous vehicles (AVs) and a safer road traffic system, and it culminated in a self-driving car making the 1,000-mile journey from Munich to Copenhagen and back in 1995.