Creating more streamlined and cost-effective operations has long been an obsession for investment departments at insurers. They are especially interested in using new technology to achieve these objectives, namely, the Artificial Intelligence (AI) boom.
However, the rise of the use of new technology (AI and large language models (LLM)) does raise challenges – data quality, legacy systems, and regulatory uncertainty around AI governance.
This is especially true when it comes to AI and its current bedfellow, as the industry’s hot topic, private credit. Both have raised the hackles of industry members.
But leveraging AI in private credit appears to be here to stay. So, how can it be used wisely?
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