’We are likely to need to re-evaluate what we are doing and how we do it in the face of AI,’ says chief executive
Airmic chief executive Julia Graham has said that 2025 will be the “year of artificial intelligence (AI)”.
Speaking at the Airmic Risk Forum in London last week (29 January 2025), Graham said the world was facing a new breed of risks.
And she felt that in 2025, firms would have to adapt as AI becomes more popular.
“Many in Asia say it is quite apt that this is the year of the snake, as the snake is adaptable, agile and changes its skin,” Graham said.
“For me, the year of the snake will be the year of AI and we will need to be adaptable, agile and have the ability to change our skin if we are to meet the challenges.
”We are likely to need to re-evaluate what we are doing and how we do it in the face of AI.”
Rise of AI
The rise in generative AI – instigated by the introduction of ChatGPT in 2022 – has brought with it a challenging juxtaposition between the benefits that the technology can bring and the risks it may pose for insurers.
Read: Generative AI-backed predictive modelling underpins market ‘overperformers’ – Guidewire
Read: AI helping insurers cover losses more proactively – Guidewire
Explore more artificial intelligence-related content here, or discover more news here
Generative AI has the ability to create new content, such as text, images, music, audio and videos.
David Pryce, senior partner at Fenchurch Law, said that AI “has beaten us as humans already” in terms of intelligence and knowledge.
“What we need to do with AI is split it between intelligence and knowledge and then to use our experience to supplement and capture those streams,” he added.
“AI cannot access what is in our heads and what is stored on our private company systems.”
No comments yet