“Utilizing AI to detect fraudulent claims, for instance, is not a pleasant to have, it’s a necessity. As a result of the dangerous guys are already utilizing it,” Gupta mentioned. “Claims are coming in with AI-crafted paperwork. Somebody can simply create what appears like a reputable ransomware assault, however all of the artifacts are AI-generated. If a human is evaluating that declare, they could imagine it’s actual. That’s the place we want AI. And if insurance coverage firms aren’t utilizing it, they’ll find yourself on the dropping facet of the battle.”
