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