As artificial intelligence (AI) continues to revolutionize industries, it brings both immense opportunities and significant risks. This keynote will explore how organizations can harness the transformative power of AI while addressing the challenges and potential threats it poses. Learn practical strategies and gain insights into how to strike the right balance between leveraging AI’s vast potential to drive innovation, efficiency, and growth, while navigating risks such as data security, ethical concerns, and unintended consequences in a rapidly evolving landscape.

This session will provide an overview of the current state of the property and casualty (P&C) insurance industry, examining key trends, challenges, and opportunities shaping the market today. We’ll delve into the impact of economic shifts, evolving customer expectations, and regulatory developments, as well as address the increasing role of technology, including AI and data analytics, in underwriting, claims processing, and risk management. Gain insights into how insurers can adapt to stay resilient and innovative in a rapidly changing environment.

AI is transforming loss prevention and claims management in the insurance industry. In this session, we’ll explore how AI technology can be leveraged to predict, prevent, and mitigate losses, ultimately leading to fewer claims and lower costs. Hear from Chrp Technologies President Chin Ma and two Chrp customers on how Chrp’s proprietary platform uses cutting-edge AI technology to reduce homeowner claims for insurance companies while improving the overall homeowner experience.

As the insurance industry evolves, AI is transforming how insurers operate, manage risk, and serve customers. Traditional underwriting methods no longer provide the depth of insight required for optimal risk selection. This panel will explore how insurers can transform their underwriting processes by leveraging new variables powered by AI.

Generative AI (GenAI) is transforming the P&C insurance industry by offering new opportunities to enhance efficiency and customer satisfaction. This session will dive into the practical applications of GenAI in areas such as claims processing, underwriting, and customer engagement. Learn how to harness the full potential of GenAI to optimize operations, personalize services, and stay competitive in a rapidly evolving market.

This session will delve into the innovative approaches reshaping the flood insurance market. We’ll highlight the persistent gap in flood protection and the urgent need for industry change, focusing on the critical roles of education, mitigation, and precise underwriting in making flood insurance both sustainable and profitable. reThought Flood's AI technology is revolutionizing risk prediction, offering more accurate insights that can enhance coverage and profitability to overcome market challenges and lead the way toward a stronger, more resilient future for flood insurance.

As AI becomes increasingly integrated into business operations, ensuring compliance with legal and regulatory standards is more critical than ever. This panel discussion will provide an overview of compliance challenges associated with AI and offer strategies for navigating this complex landscape. We’ll explore the latest regulatory developments, discuss common pitfalls, and share best practices for maintaining compliance while leveraging AI's potential in the P&C insurance industry.

In today’s competitive and litigious environment, companies are under constant scrutiny from legal professionals who specialize in identifying vulnerabilities and exploiting them for strategic advantage. With AI, the ability to exploit vulnerabilities is faster and easier. This session will explore the tactics attorneys are using to target insurance carriers, uncover weaknesses, and flag necessary changes. We’ll delve into real-world examples of how AI is being leveraged and offer practical advice on how carriers can better safeguard themselves.

This panel will delve into the shifting regulatory landscape surrounding the use of AI systems by insurers, with a particular emphasis on the December 2023 bulletin issued by the National Association of Insurance Commissioners (NAIC). Panelists will discuss strategies insurers can adopt while effectively managing AI technologies to meet regulatory standards, all without hindering innovation.

In this informative and interactive session, AAIS Product Managers will provide key updates on their respective product lines, sharing insights into recent developments, upcoming enhancements, and trends impacting the industry. Members will then have the opportunity to engage directly with AAIS Product Managers following their on-stage overviews. Attendees will gain valuable information on how these updates align with market demands and how AAIS continues to support its Members with innovative solutions. Whether it’s new features, regulatory changes, or tools to improve operational efficiency, this session will cover everything AAIS Members need to stay ahead in a competitive and constantly changing environment. Don’t miss this opportunity to personally engage with our product experts, share your perspectives, and learn how AAIS’s offerings are evolving to meet your needs.