📢 Balancing personalization and risk sharing: the future of Belgian non-life insurance in the Age of AI As AI transforms the Belgian non-life insurance industry, striking a balance between personalization and traditional risk pooling has never been more critical. Vincent Vankerkoven - Lead for the Insurance Sector at TriFinance - shared his opinion on the delicate equilibrium between meeting consumer demands for tailored products and maintaining the fundamentals of collective risk sharing. Key Takeaways: 📊 Custom insurance, like usage-based policies, disrupts traditional risk pooling as data-driven insurers attract low-risk customers. 🤖 AI boosts competitiveness but may widen the gap between low- and high-risk pools, challenging traditional insurers. 🌐 Ethical oversight is crucial to address privacy, bias, and fairness, maintaining trust in an AI-driven market. At TriFinance, we’re committed to helping insurers navigate these complexities, offering solutions that bridge innovation and responsible risk management. Read more here: https://lnkd.in/e5MwEpfb #Insurance #AI #RiskManagement
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📢 Balancing personalization and risk sharing: the future of Belgian non-life insurance in the Age of AI As AI transforms the Belgian non-life insurance industry, striking a balance between personalization and traditional risk pooling has never been more critical. Vincent Vankerkoven - Lead for the Insurance Sector at TriFinance - shared his opinion on the delicate equilibrium between meeting consumer demands for tailored products and maintaining the fundamentals of collective risk sharing. Key Takeaways: 📊 Custom insurance, like usage-based policies, disrupts traditional risk pooling as data-driven insurers attract low-risk customers. 🤖 AI boosts competitiveness but may widen the gap between low- and high-risk pools, challenging traditional insurers. 🌐 Ethical oversight is crucial to address privacy, bias, and fairness, maintaining trust in an AI-driven market. At TriFinance, we’re committed to helping insurers navigate these complexities, offering solutions that bridge innovation and responsible risk management. Read more here: https://lnkd.in/e5MwEpfb #Insurance #AI #RiskManagement
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📢Insightful read on the future of Belgian non-life insurance in the Age of AI! As consultants at TriFinance, we’re at the heart of these industry shifts, helping insurers navigate complex challenges and innovate responsibly. It’s an exciting time to work in insurance consulting, where we drive solutions that balance customer needs with sustainable business models. In his latest opinion piece, Vincent Vankerkoven dives into the delicate balance between personalization and risk sharing as AI transforms the Belgian non-life insurance sector. https://lnkd.in/e6yQbfJq Key Points: 🌍 Demand for tailored insurance, like usage-based auto policies, challenges traditional risk pooling. 🤖 AI and data analytics give insurers a competitive edge but risk creating a market divide, with data-driven insurers attracting low-risk customers. 🔐 Ethical considerations like privacy, bias, and fairness are paramount—responsible AI adoption will be key to sustaining customer trust. Interested in joining our team? Apply here: https://lnkd.in/ejNnzRDp #InsuranceInnovation #ConsultingLife #TriFinance #RiskManagement #AI
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The integration of #GenAI in commercial insurance is poised to redefine trust and transparency between insurers and clients. By leveraging AI to identify emerging risks and optimize insurance expenditures, insurers can offer more personalized and advantageous solutions. Learn more. https://ow.ly/BgLm30sHESR #EYCanada
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Partner at EY | Canadian Technology Risk People Leader | IT & Risk Consulting | Financial Services | Insurance | Information & Privacy Governance | Board and Audit Committee member
The integration of #GenAI in commercial insurance is poised to redefine trust and transparency between insurers and clients. By leveraging AI to identify emerging risks and optimize insurance expenditures, insurers can offer more personalized and advantageous solutions. Learn more. https://ow.ly/UfP030sHIAf #EYCanada
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The integration of #GenAI in commercial insurance is poised to redefine trust and transparency between insurers and clients. By leveraging AI to identify emerging risks and optimize insurance expenditures, insurers can offer more personalized and advantageous solutions. Learn more. https://ow.ly/etCY30sHIua #EYCanada
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Seasoned Executive in Technology & Transformation | Sales & Delivery | Exec Recruiting & Coaching | Insurance | Health & Wellness | Financial Services | IT Executive On Demand | Interim Management
The integration of #GenAI in commercial insurance is poised to redefine trust and transparency between insurers and clients. By leveraging AI to identify emerging risks and optimize insurance expenditures, insurers can offer more personalized and advantageous solutions. Learn more. https://ow.ly/koVr30sHMR4 #EYCanada
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The integration of #GenAI in commercial insurance is poised to redefine trust and transparency between insurers and clients. By leveraging AI to identify emerging risks and optimize insurance expenditures, insurers can offer more personalized and advantageous solutions. Learn more. https://ow.ly/TjK530sI1oQ #EYCanada
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Partner Financial Services | Global Lead Client Service Partner | Regulatory Advisory & Reporting practice leader at Deloitte Nederland
How can #CEOs in the #insurance industry optimize the economic potential of #GenerativeAI as they look to new technologies to deliver value through greater productivity, lower costs, and increasing growth opportunities? Learn more in Deloitte’s latest report. #GenAI #transformation #insurance
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[#IA & #Insurance]💡 AI Act and #insurance: Effects and strategic opportunities. The sixth seminar in DLA Piper's Insurance sector series focused on the implications of the European Artificial Intelligence Regulation for the insurance sector. Regulation, levels of risk, etc. here it is ⤵️
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AI data management and modeling techniques have so much potential to increase fairness in insurance pricing, but only if we can figure out how product teams and regulators can show up to work together efficiently. Here's my perspective in today's Carrier Management. #AIininsurance #Insurance #InsuranceRegulation #Insurtech https://lnkd.in/egcZnwFZ
