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June 15 2023

Simon Pink On How ChatGPT Will Benefit The Insurance Industry

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Here, Simon Pink, UK Head Of Emerging Technology at QBE Ventures, elucidates the advantages that ChatGPT will bring to the insurance industry.

QBE Ventures is an investment arm of QBE Insurance Group, focused on identifying and supporting innovative startups and technologies that have the potential to disrupt and advance the insurance industry through strategic investments and partnerships.

“For example, ‘Which of these two things are better?’ and it will give you an answer. Even if they’re both rubbish, it will give you an answer, which is subtly different from the likes of Siri and Alexa, that’s more knowledge retrieval.”

“This uptake of ChatGPT, it’s gone to 100 million users now, within two months … We’re seeing that because it’s so pervasive, because we can all use it, because we can all understand it, we can consume it, it’s having a real impact on life, society and it will have an impact on our industry.”

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Simon Pink

Simon Pink

QBE Ventures

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QBE Insurance
  1. The CRO’s Role: Balancing Resilient Operations with Frictionless Customer Experiences

    Thought Leadership

     Read more
  2. Performativ Raises $14m Series A Led by Large European Financial Infrastructure Provider

    Funding

     Read more
  3. Temenos Named a Leader in Digital Banking Engagement Platforms

    Fintech

     Read more
  4. Mehrwerk Partners With bolttech to Expand Embedded Services and Insurance Offerings in Germany and Beyond

    Insurtech

     Read more
  5. Synpulse and 360F Launch Whitepaper on the Future of Insurance Product Development Powered by Agentic AI

    Insurtech

     Read more
Financial Services Risk & Compliance
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