Verisk Analytics, Inc. (NASDAQ:VRSK) Q1 2024 Earnings Call Transcript

And I would use this as an opportunity to say I think one of the most promising dimensions of generative AI is in gathering and predigesting a lot of the information flow that the insurance industry relies upon to evaluate policy submissions, evaluating adequacy, going into the risk, not replacing the human, but enabling them to focus their expertise on the underwriting decision, the risk and the return decision. We think that, that is a secular trend. As technology improves, as datasets expand, that will continue to provide ample opportunity for us to deliver value to the industry. It’s nice to have some premium growth because I think it puts people in a constructive frame of mind. But these issues and challenges that the industry face are going to exist, regardless of whether it’s a hard market or a soft market.

And I think that’s our fundamental opportunity.

Operator: Ladies and gentlemen, there are no further questions at this time. Thank you for your participation. This concludes today’s call. You may now disconnect.