PriyaPatel
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TLDR:
- MAPFRE examines four scenarios for the impact of Generative AI on society by 2029
- The insurance industry must adapt to new risks and needs that arise
Generative Artificial Intelligence (Generative AI) is transforming society at a rapid pace. MAPFRE, a leading insurance company, has analyzed the potential impact of Generative AI on society and proposed four scenarios for 2029. These scenarios range from widespread adoption with psychological impacts to limited usage with high costs. The insurance industry must adapt to new risks and needs, such as cyber protection, responsible AI use, and health concerns.
MAPFRE suggests action plans for the insurance industry, including addressing cyber threats, promoting responsible AI use, enhancing health services, developing new customer relationships, and combating fraud. Education in Generative AI and related fields is also emphasized. Overall, it is essential for insurers to contribute to the responsible and appropriate use of Generative AI to reduce risks and protect individuals and companies.
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