20 Insurtech Trends according to Artificial Intelligence
I asked Chatgpt for 20 Insurtech trends. Aside from screwing up the percentages adding up to greater than 100%, artificial intelligence seems to nail it again.
- Increase in usage-based insurance
- Growth in smart home technology
- Expansion of telematics for risk assessment
- Rise of on-demand insurance models
- Growing popularity of peer-to-peer insurance
- More personalized and tailored coverage options
- Increase in cyber insurance demand
- Emergence of blockchain technology in the industry
- Greater focus on sustainability and environmental impact
- Expansion of microinsurance in developing markets
- Consolidation of smaller insurance companies
- Increased use of artificial intelligence and machine learning
- Implementation of predictive analytics for risk assessment
- Shift towards gig economy and freelance work
- More stringent regulations and compliance measures
- Increase in natural disaster-related claims
- Growth of health and wellness programs
- Rising cost of healthcare and medical expenses
- Increased use of virtual reality for training and risk assessment
- Greater focus on customer experience and satisfaction
Where do US Wealth Management Advisors work and how much will they earn in 2023
Hey ChatGPT can you answer these questions for me? Where do US Wealth Management advisors work and how much compensation will they receive in 2023?
So there you go.
Artificial Intelligence thinks that the percentage of contract jobs will triple within six years
I asked ChatGPT to project contract employment over the next 10 years. Some surprising results.
Writing music with ChatGPT in MusicXML and converting to musical notation
Ok, after some trial and error, I think I figured this out. I told ChatGPT to write a 4-note beat directly into MusicXML code. Then I uploaded that code to NoteFlight to generate the score. You can have NoteFlight then play it or play it yourself. Success!
The instructions and output:
I copied the XML code (upper right link) into a txt document. I changed the extension of that txt document to .musicxml. Then went to NoteFlight and created a new score by uploading the .musicxml file.
The resulting score:
ChatGPT summarizes every Paul Graham essay through 2021
I asked ChatGPT to give me 25 bullet points that summarize all of the Paul Graham essays through 2021. Amazing.
I asked ChatGPT to generate a business plan for 1000 Startups LLC
The artificial intelligence-generated business plan for 1000 Startups LLC, ladies and gentlemen:
Using Artificial Intelligence to write songs, screenplays and books
Last month, I was talking about how the rapid expansion of public domain songs and films (and books, too, but I hadn’t got around to writing about that yet) represents a great opportunity to repurpose content for entertainment.
I was fooling around with ChatGPT tonight to rewrite some public domain songs, and make them something fresh and new, and it didn’t disappoint. This is so cool.
So here is “Lady Be Good” by the Gershwin brothers:
and here is how ChatGPT used it to write an entirely new song:
So that one was alright. But the next one is lights out. Here is “I’ll See You in my Dreams” by Gus Kahn & Isham Jones:
here is what ChatGPT wrote:
There will be a lot of entertainment content generated by artificial intelligence in this way. It’s just too easy to do and the results are clearly quality results.
Using Artificial Intelligence to name your company, create an app, write a business plan, figure out competitors and create investor pitches
I urge you to check out the free trial of ChatGPT, the artificial intelligence chatbot. I’m still toying with it and wrapping my mind around things to do with it (pricing). However, people out there are already naming companies with it, creating apps, writing business plans, studying competitors and creating investor pitches.