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For insurers conducting traditional activities: prudential measures need to recognize the medium and long term nature of the liabilities; appropriate buffers should be used effectively to minimize pro-cyclical effects...
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Increasing cross-sector cooperation, Addressing systemic risk, Focus on insurance companies, Financial conglomerates...
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The use of artificial intelligence (AI) in insurance can potentially bring economic and societal benefits by lowering insurance costs and helping insure more people. For this report, The Geneva Association analysed two of the five core principles identified for the responsible use of AI - 1)...
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