12/6/2024 12:57:56 PM CIOs on setting AI strategies and demonstrating value from technology investments in 2025- Gartner’s CIO Survey By Mike Daly Looking at two questions & answers from Gartner's conclusions flags some red alerts in my mind. 1) 'How do I set an AI strategy, get...
12/3/2024 11:12:34 AM Will the bubble burst for AI in 2025, or will it start to deliver? By Mike Daly The Economist poses that question this week at an important time as the vendors, technology and implementation partners that insurers...
11/27/2024 3:54:06 PM GenAI passed Gartner's peak of expectations- CompositeAI is the key to value By Mike Daly ‘By the end of 2024 ( and during 2025), value will be largely derived from projects based on familiar AI techniques, either stand-alone...
11/26/2024 12:03:41 PM FCA urges Life Insurers to speed up claims and replace legacy technology By Mike Daly 'The FCA review, based on data from 15 insurers representing three-quarters of the UK life protection market, found that it can take some...
11/25/2024 9:15:43 AM AI vibrancy - US, China and UK lead By Tom Whittaker Stanford University has updated its Global AI Vibrancy Tool (GVT) (here), “an interactive suite of visualizations designed to facilitate...
11/22/2024 11:13:27 AM Where is it actually cheaper to drive an electric car? What's the impact for business? By Mike Daly 'Norway—where 98% of electricity comes from renewable sources—is one of the top performers on both measures. Driving an EV there cuts...
11/13/2024 2:57:16 PM "Home and motor premium income set to slow as sharp price rises ease" from EY report. By Mike Daly Is this a possible excuse to put true innovation and personalisation on the back burner? Premium inflation might be down a percentage...
10/29/2024 9:44:25 AM C-suite expectations may be too hasty (and underinformed) to deliver meaningful AI value in a responsible manner. By Mike Daly 'CIOs are under increasing pressure to generate business value from generative AI, but Salesforce CIO Juan Perez is among those IT...
10/22/2024 9:59:42 AM Prioritising outcome goals leveraging AI- productivity/cost-cutting, increasing revenue, transformative competitive advantage, or all of these? By Mike Daly I should emphasise that Generative AI is one of many tools that insurers can leverage to help achieve corporate goals. GenAI will not...
10/16/2024 10:53:09 AM Will robotaxis become mainstream and if so who will win the race? By Mike Daly The main theme of this article in the FT is a warning to investors. “Despite recent declines, Tesla shares trade at 80 times forward...
10/10/2024 10:14:20 AM Hurricane Milton will test Florida’s creaking home insurance system By Mike Daly Florida has attempted to get its property insurance house in order. It looks like it may topple over anyway. Already reeling from two...
9/23/2024 4:35:54 PM Monetising auto software best- the vehicle OEMs or insurers for embedded and subscription services? By Mike Daly This is not a new topic; I was writing about it back in 2016 when Ford, GM and Tesla were all planning to offer insurance. Insurance is a...
9/17/2024 2:47:05 PM Forces Horizon avoids AI generating a ‘sea of sameness’ in job applications By Mike Daly Large Language Models (LLMs) have now trained on such large data sets that they've run out of data. One of the reasons OpenAI, Claude and...
9/10/2024 1:55:51 PM Insurers Can Parlay Technology into a Competitive Edge- but too many don't! By Mike Daly "Making deft use of data—from information collected by flood sensors at a manufacturing plant to a driver’s photographs of a crumpled car...
9/4/2024 3:41:32 PM Direct Line chief says ‘more to do’ to rebuild motor insurer’s profits By Mike Daly Direct Line has reported weaker than expected first-half profits, as one of the UK’s biggest motor insurers takes steps to repair a...
9/3/2024 12:31:47 PM Insurers face $151bn in yearly losses from natural disasters, report forecasts By Mike Daly "The global insurance sector should expect $151bn in annual losses from natural catastrophes and a lot more in bad years, according to...