InsurTech weekly - Will insurers successfully address this challenge?

_{Challenges insurers face to tackle emerging risks}

‍The challenges are real,” said Aon chief executive Greg Case, in an interview with the Financial Times. On the effort to find insurers and investors willing to underwrite catastrophe risks at a price that is ultimately affordable for consumers, he added: “That equilibrium is getting stressed right now.”

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_{How banks could benefit from Generative AI}

‍Accenture’s analysis of the potential use of the technology across different banking roles suggests this is only the beginning. We concluded that 73% of the time spent by US bank employees has a high potential to be impacted by generative AI—39% by automation and 34% by augmentation. Its potential reaches virtually every part of a bank, from the C-suite to the front lines of service and in every part of the value chain. But the impact will not be uniform.

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_{Six levels of AI-based work automation}

‍Frameworks like this are powerful because they help us classify and contextualize technology. Once we understand the “level” of a new car, for example, we know what we can expect from the car, and to what other cars it compares. That’s why we applied that lens to how AI is reshaping how we work, and we hope that the 6 Levels of Autonomous Work framework will allow you to best represent your company or best understand a company you’re considering doing business with.

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