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It is happening in insurance right now and it is an unmitigated disaster that nobody wants to address. There is real data used for insurance premiums and claim
by ihsw 2y ago
It is happening in insurance right now and it is an unmitigated disaster that nobody wants to address.
There is real data used for insurance premiums and claims payouts but it's being swapped out for AI slop, and the sales folks are getting bonuses for selling hot garbage and the executives are getting bonuses for buying hot garbage.
- ffsm8 2y agoHuh, if sales uses AI/LLMs and succeeds with it, as it seemed to me youve implied with their bonuses ... Isn't that actually positive for the company? Or do you mean they succeed by promising lies via AI?
- narutosasuke 2y agoNot OP but I could see this being short term savings related to the cost of sourcing/generating risk data leading to bonuses prior to the deficiencies in that risk model being exposed in claims long term.
- ihsw 2y ago[dead]
- aprilthird2021 2y agoThe industry is insurance. If you offload your due diligence to an AI that's wrong, the company will go underwater. What if the LLM tells you it's found a great market with little competition, high net worth individuals, etc. etc. and you don't check and end up making all your sales in the hills of California in wildfire country?
- Terr_ 2y ago> succeeds with it I'd worry about things which: 1. "Succeed" in the short-term, but sets the company up for long-term failure. 2. Outperforms the competition with a pattern of activity which is actually illegal.