From: Captive Review
Becker Garland Actuarial’s Esther Becker explains to Captive Review how captives are beginning to benefit from the implementation of AI in their operations, in areas including data, pricing and underwriting, fraud detection, claims and governance
Artificial intelligence is beginning to reshape how captive insurance programmes analyse data, price risk and manage claims, but the technology remains in the early stages of adoption and requires careful oversight from captive professionals,
That’s according to Esther Becker, owner and partner at Becker Garland Actuarial, speaking to Captive Review ahead of her panel at the annual CICA conference later today titled ‘Beyond the buzz: Real AI applications in captive insurance.’
Becker said that while AI’s most transformative applications in captives are still emerging, organisations are already exploring ways to use the technology to improve analytics, efficiency and governance across their programmes.
“At the moment, I would say these are some concrete ways it is making a difference in captives,” Becker explained, highlighting several areas where the technology is starting to have an impact.
