{"id":804,"date":"2025-01-29T09:04:26","date_gmt":"2025-01-29T09:04:26","guid":{"rendered":"https:\/\/www.insuracarelife.com\/blog\/ai-not-just-for-expense-management\/"},"modified":"2025-01-29T09:04:26","modified_gmt":"2025-01-29T09:04:26","slug":"ai-not-just-for-expense-management","status":"publish","type":"post","link":"https:\/\/www.insuracarelife.com\/blog\/ai-not-just-for-expense-management\/","title":{"rendered":"AI Not Just for Expense Management"},"content":{"rendered":"<div id=\"post-content\" itemprop=\"description\">\n<p>Run Time: <span itemprop=\"duration\">39:38<\/span><\/p>\n<h2 itemprop=\"name\" style=\"font-size:18px;margin-bottom:12px;\">AI Not Just for Expense Management<\/h2>\n<p>\t\t<span class=\"ratings_wrapper\"><\/p>\n<div id=\"post-ratings-24470\" class=\"post-ratings\" data-nonce=\"8c2c34aac7\"><img decoding=\"async\" id=\"rating_24470_2\" src=\"https:\/\/www.insurancejournal.tv\/app\/plugins\/wp-postratings\/images\/thumbs\/rating_2_off.gif\" alt=\"Like\" title=\"Like\" onmouseover=\"current_rating(24470, 2, 'Like');\" onmouseout=\"ratings_off(0, 0, 0);\" onclick=\"rate_post();\" onkeypress=\"rate_post();\" style=\"cursor: pointer; border: 0px;\"\/> (No Ratings Yet)<\/div>\n<div id=\"post-ratings-24470-loading\" class=\"post-ratings-loading\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.insurancejournal.tv\/app\/plugins\/wp-postratings\/images\/loading.gif\" width=\"16\" height=\"16\" class=\"post-ratings-image\" alt=\"\" title=\"\">Loading&#8230;<\/div>\n<p>\t\t<\/span><br \/>\n\t\t<br \/>\n\t\t<span class=\"video-views-single-page\"><\/p>\n<p>893 <span>views<\/span><\/p>\n<p>\t\t<\/span><\/p>\n<div class=\"embed-dropdown\">\n<hr\/>\n<p>    <button class=\"hide\" onclick=\"ijtv_deactivate_embed_dropdown(event)\">Close<\/button><\/p>\n<h4>Embed Video<\/h4>\n<p>Use the below code to add this video to your website.<\/p>\n<p>    <textarea readonly=\"readonly\" onclick=\"this.focus(); this.select();\"><iframe loading=\"lazy\" src=\"https:\/\/www.insurancejournal.tv\/player.php?v=24470\" width=\"400\" height=\"225\" frameborder=\"0\" webkitallowfullscreen=\"\" mozallowfullscreen=\"\" allowfullscreen=\"\"><\/iframe><\/textarea>\n<\/div>\n<hr\/>\n<hr\/>\n<p>\t\tThe insurance industry is experiencing the infancy of general AI \u2014 not generative AI, but general AI, according to thought leader Bryan Falchuk. He\u2019s an author, speaker and CEO of PLRB. \u201cSpecific AI is like having a cake recipe, all the necessary ingredients, and you bake the cake. General AI is asking, \u2018Here is what\u2019s in the fridge; figure out what to cook.\u2019 It\u2019s looking at the world around you and thinking of paths forward.\u201d Bryan says viewing AI for expense management is not the path to profitability and change. \u201cIf we think of AI as just an efficiency tool, we won\u2019t get the full value out of it. Because even if you squeeze a few more points out of the expense ratio, that won\u2019t change the game. The path to ultimate success\u2026Is where there are things that humans can never see as pieces of a disparate jointed puzzle, but humans could help orchestrate the coming together of that puzzle with the right AI tools. For us that means more coverage at a lower price for more risks, underwriting profitability and claims excellence, which is ultimately what we should be doing.\u201d Brian also argues what is required to retain talented younger workers. Hint: Invest again in training!\t<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Run Time: 39:38 AI Not Just for Expense Management (No Ratings Yet) Loading&#8230; 893 views Close Embed Video Use the below code to add this video to your website. The insurance industry is experiencing the infancy of general AI \u2014 not generative AI, but general AI, according to thought leader Bryan Falchuk. He\u2019s an author, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[536,537],"class_list":["post-804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-expense","tag-management"],"_links":{"self":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/comments?post=804"}],"version-history":[{"count":0,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media\/805"}],"wp:attachment":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media?parent=804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/categories?post=804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/tags?post=804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}