Happy Wednesday! In this week's Big I Buzz we are discussing how IIAW members can receive 1 FREE WI CE credit, newly-released InsurCon2022 details and 3 key 2022 trends for AI and P&C Insurance. 

Flood Risk Rating 2.0 Webinar

Join us on Thursday, January 20th for our Flood Risk Rating 2.0 webinar. This webinar is free for IIAW members, and the webinar has been approved for 1 Wisconsin CE credit. This webinar has been brought to you by the IIAW in partnership with Selective Insurance Company of America. Register here: https://buff.ly/3Ja7POC

InsurCon2022: You will not want to miss this event!

Our January 2022 magazine has newly released details about InsurCon2022. This year's convention will welcome our keynote speaker, Hall of Fame basketball legend, Bill Walton! Additionally, this year's format has been inspired by TED talks and will feature eight energizing speakers. Topics range from agency technology, cybersecurity and more. Check out this month's magazine for more information!

3 Key 2022 Trends for AI and P&C Insurance

NU Property Casualty 360 has put together a list of three key AI trends that are set to dominate the insurance industry in 2022: 

1. Wriggling away from on-premise - As the industry has faced the ongoing effects of COVID and undergone a major digital makeover, this year will be a pivotal year for accelerated movement towards the cloud. 

2. Creating value from new sources of data - With the movement towards more digital-based operations, the year will see newer sources of data from increasing ease of storage, access and processing of documents, voice recordings, interaction transcripts, behavioral data and IOT data. According to Property Casualty, all this new data will, "design new products and services, simplify distribution, improve fraud management especially in emerging areas such as cyber risk, reduce customer effort and reimagine business models."

3. Winning the war for talent - our weekly newsletter has been focusing on the increased demand for talent across all industries. The same goes for the insurance industry as all of these trends for AI will need talent to put them into place.

"The year ahead is set to be one of the headiest years for the insurance industry yet. However, through continuous dedication to digital transformation, insurers can find ways to not just adopt AI but use it in a way that drives incredible value for their business." Read more about these trends here. 

For more news, check out the Action news section of our weekly e-newsletter, Big I Buzz. If you aren’t subscribed, click here to add your email to our emailing list.