AI Ireland with Mark Kelly

E180 'Redefining Insurance with AI' with Irish Life's Peter Fitzsimons


Listen Later

Today's guest is Peter Fitzsimons, Senior Manager - Innovation and Data at Irish Life. The application of AI is proving to be a game-changer across various industries and at the forefront of this revolution in the insurance sector is Irish Life, who recently won the 2024 AI Award for Best Application of AI in Consumer/Customer Service. In the episode, Peter tells us more about Irish Life's winning AI application CARA and its impact on the customer experience.

Topics include:

0:00 His journey from actuary turned AI leader with entrepreneurial experience

2:29 Driving AI innovation through collaboration and clear communication

4:14 How CARA accelerates claim payouts, prioritizing empathy and technology

5:36 Start with the "why" and how motivated change impacts Irish society

6:47 The need to understand processes, then use AI to automate and assist

7:59 Why LLMs excel at analyzing language, but user comfort is key

10:42 Reducing Claim acknowledgment time from nine to less than three days

11:39 How AI adds a fourth layer to enhance claim assessment insights

13:06 How AI will handle small tasks, improving claims processing and personalization

14:33 Advice to start with a clear purpose, learn by doing and evolve

...more
View all episodesView all episodes
Download on the App Store

AI Ireland with Mark KellyBy AI Ireland


More shows like AI Ireland with Mark Kelly

View all
Newscast by BBC News

Newscast

732 Listeners

The David McWilliams Podcast by David McWilliams & John Davis

The David McWilliams Podcast

354 Listeners

Brendan O'Connor by RTÉ Radio 1

Brendan O'Connor

81 Listeners

The Indo Daily by Irish Independent

The Indo Daily

106 Listeners

The Rest Is Politics by Goalhanger

The Rest Is Politics

3,566 Listeners

Path to Power by Matt Cooper

Path to Power

30 Listeners

The Rest Is Politics: US by Goalhanger

The Rest Is Politics: US

2,382 Listeners