Futurist Keynote Speaker Patrick Dixon -Future Trends: 15m users, Futurist speaker videos of keynotes. Ranked one of 20 most influential business thinkers.

AI for Insurance: how AI will impact AI in underwriting, quotes, re-insurance. AI will improve claims handling, AI reducing fraud. Extract from Chapter 22 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on insurance and AI

Futurist Keynote Speaker: Posts, Slides, Videos - Future of Insurance - Keynote Speaker on Risk

AI will create new efficiencies for insurance. The benefits of AI to insurers will be huge and will result in lower premiums and greater profit:

◆ More accurate, instant underwriting/quotes based on smarter prediction of risks

◆ Linking of premiums to live data, e.g. miles driven by younger drivers

◆ More accurate grouping of risks for re-insurance with larger companies

◆ Faster and more efficient claims handling

◆ Better fraud detection

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Read more: AI for Insurance: how AI will impact AI in underwriting, quotes, re-insurance. AI will improve claims handling, AI reducing fraud. Extract from Chapter 22 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on insurance and AI

How AI will impact banks: AI will save bank core costs, deliver better banking services, but AI will also create huge new banking risks. Extract from Chapter 22 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on banking and AI

Futurist Keynote Speaker: Posts, Slides, Videos - Banks, Banking, Insurance, Fund Management

AI SPENDING BY BANKS is growing by 30% a year and is likely to reach $100bn by 2027, mainly in North America. Last year, banks in the US and Canada were responsible for 80% of published research on AI and funded 60% of all banking investments in AI globally. While most of this is about saving on costs, as we will see, the greatest risk to banks will be AI-driven cyberattacks.

The banking sector as a whole is already in trouble. Indeed, it never recovered its full strength after the 2008–2009 banking crisis. A report by McKinsey shows that 75% of banks are delivering very low returns on capital for investors, not even covering the costs of providing that capital.

One reason is much tougher regulation, which hit profits by requiring banks to tie up more capital in reserves and be more cautious. But if you don’t allow decent financial returns on investment in a particular sector, then the market will tend to dump those shares in preference for something ‘safer’. And this is what has happened: banks are now struggling to attract strong investor interest – compared to ‘more exciting’ AI-related companies for example. But our world needs strongly capitalised banks. Banks are as fundamental to the future of every country as hospitals and schools.

Read on - buy new book NOW. How AI Will Change Your Life

Looking for a world-class keynote speaker on Banking and AI? Call +44 7768511390

Read more: How AI will impact banks: AI will save bank core costs, deliver better banking services, but AI will also create huge new banking risks. Extract from Chapter 22 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on banking and AI

AI Investing, AI in Fund Management, Pension Funds, AI trading in Stock Markets and Global Financial Services AI, Banking AI. Extract from Chapter 21 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on Fund Management AI

Futurist Keynote Speaker: Posts, Slides, Videos - Banks, Banking, Insurance, Fund Management

AI WILL CUT banking costs, improve decision-making and reduce certain risks, in particular from fraud. But AI decisions will also dominate global markets, destroy some banks and risk global economic chaos.

A very important area of financial services is wealth management, and much of this relates to pensions, because for most people almost all the wealth they have, other than their homes if they are owners, is in pension savings (unless they work for government).

AI is taking control of stock markets globally

AI is rapidly taking control of all global stock markets. More than $110tn of company shares are listed in these exchanges, but over 90% of trading decisions are by computers, nanoseconds after a small or large event. Human beings are no longer involved. And increasingly such decisions are controlled by AI.

In the past, computer trades were automated, using human rules linked to market data, social media and news bulletins. The key to ‘algorithmic trading’ is ultra-speed. If there’s an earthquake in San Francisco, or an assassination in Brazil, computers dump huge volumes of shares a few billionths of a second later. That’s because their rules are set to ‘expect’ many others to ‘panic sell’.

The most successful trading companies make tens of millions of dollars a year by sending in their own automated orders just a few billionths of a second before anyone else. They have faster processors, shorter cables, and use other digital tricks such as their own microwave transmitters to avoid latency in public networks.

Read on - buy new book NOW. How AI Will Change Your Life

Looking for a world-class keynote speaker on Fund Management and AI? Call +44 7768511390

Read more: AI Investing, AI in Fund Management, Pension Funds, AI trading in Stock Markets and Global Financial Services AI, Banking AI. Extract from Chapter 21 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on Fund Management AI

How health care, hospitals and community care will be impacted by AI. 10 million lives will be saved a year globally because of AI in health. Extract from Chapter 5 - new book: How AI will Change Your Life - Dr Patrick Dixon, health and AI keynote speaker

Futurist Keynote Speaker: Posts, Slides, Videos - Future Health Care and Pharma Keynote Speaker

Many millions of lives will be saved each year by 2030 as a direct result of AI, 400,000 in the EU alone. 

AI is just the latest of many digital innovations sweeping through healthcare. 

At the same time, AI will remain invisible to sick patients receiving care in hospital or at home. 

You will be completely unaware of AI when unwell, with healthcare workers around you in the normal way, but your care team will feel better supported, by more accurate diagnostics and advice.

Over $30bn a year is already being spent on AI in healthcare, with AI budgets increasing by 30% or more every twelve months.

Read on - buy new book NOW.  "How AI Will Change Your Life".

Looking for world-class keynote speaker on future health care and AI? Call +44 7768511390

Read more: How health care, hospitals and community care will be impacted by AI. 10 million lives will be saved a year globally because of AI in health. Extract from Chapter 5 - new book: How AI will Change Your Life - Dr Patrick Dixon, health and AI keynote speaker