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Issues & Answers: Double-Edged Innovation in the Insurance Industry

Published 5 months, 1 week ago
Description

Rob Walling, principal and consulting actuary at Pinnacle Actuarial Resources, reminds us that actions have consequences, both foreseeable and unexpected. It would serve captive insurers well to understand that innovation and change come with unexpected outcomes. He asserts that while AI, for example, brings efficiency, it will likely bring some things that may be considered unwelcome: a classic double-edged sword.

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