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Hi Friend, 

Last month, I had the pleasure of attending RMIS RISKWORLD 2024 in San Diego. It was an action-packed few days, from participating in the Spencer Pickleball Tournament to releasing the 2024 RMIS Report and speaking at two conference sessions. It was also wonderful to reconnect with so many industry colleagues.

The exhibition hall was a hub of innovation, with numerous solution providers showcasing their AI capabilities. While it's clear that AI is a major focus, many providers are still navigating how to effectively integrate AI, especially GenAI, into their solutions. The conference offered a wealth of insights and ideas that I’m eager to share as we move forward.

For those looking to understand the evolution of AI and its impact on the insurance industry, I highly recommend checking out our latest blog posts on the subject:

1. The Evolution of AI in the Insurance Industry
2. The Transformative Power of Technology in Insurance

As always, if you have any questions or needs related to risk technology, please don’t hesitate to reach out to us or schedule a meeting.

Regards.

Patrick O'Neill, Founder & President

Redhand Advisors 

Featured Blogs

The Transformative Power of Technology

The 2024 RMIS Report underscores the transformative power of technology and the democratization of RMIS and RiskTech, offering organizations invaluable insights into navigating evolving risk landscapes. As vendors prioritize accessibility, adaptability and ethical AI practices, stakeholders are empowered to leverage innovation effectively, enhancing operational resilience and driving sustainable growth in an era of dynamic risk.

The Evolution and Impact of Artificial Intelligence and What it Means to the Insurance Industry

Artificial intelligence (AI) has come a long way since its early days in the 1950s. Today, AI encompasses a vast field of computer science dedicated to building intelligent machines capable of performing tasks that traditionally require human intelligence. This article explores the historical development of AI, its significant milestones, and the profound impact it has on various sectors, with a particular focus on the insurance industry. As we delve into the complexities and opportunities presented by AI, we will also examine the challenges and strategic considerations essential for integrating AI technologies into modern organizations.

Upcoming Webinars 

Worth A Read

• AI in Insurance: 5 Areas Ripe for Transformation
• Origami Risk Launches Package of Generative AI Solutions for Risk Managers
• CLARA Analytics and Origami Risk Partner to Accelerate AI Adoption for Risk Managers and Claim Handlers
• WTW and Riskonnect join forces to launch a new Risk Diagnostic Tool
• WHAT IS RMIS? FACTS ABOUT RISK MANAGEMENT INFORMATION SYSTEMS
• Why the Biggest Risk in AI for Underwriting Could Be NOT Using AI for Underwriting

Redhand Resources

• E-Books
• OnDemand Webinars
• Blog Library
• RiskTech Insights Archives

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