Intact’s Goto sees AI driving next decade of specialty lines

“Traditional catastrophe models are evolving,” Goto said. “We’re seeing advances in computing power that let us process more data, faster, and generate simulations that account for climate change variables. That’s critical for assessing risk in areas like hurricanes and flooding. Wildfires are still more difficult to predict, especially where human activity plays a role, but we expect AI-driven simulations will give us better insights there as well.”

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