Sunday, June 23, 2024

Yannick Even Discusses The Challenges And Opportunities When Embracing AI

In this exclusive interview with FF News, Douglas Mackenzie sits down with Yannick Even, Head of Digital & Smart Analytics for APAC at Swiss Re for a conversation about the many opportunities, and significant challenges that come with embracing AI within an insurance organization.

“The main thing about AI is that it’s not really about tech it’s more about data and people. So, you cannot build an artificial intelligence model if you don’t have the right data. With the right data, as I mentioned before it can be unstructured, it could be data that’s not used today in the decision-making process but with powerful AI you can bring it in. You need data there as the starting point.”

“Most of the time we have seen the magic of AI really operate when we’ve seen the data come out of the Silo that they are in. So insurers have been particularly efficient in their operation, and compliant with regulations. As a result, sometimes the data is very siloed by the process within an organisation.”

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