Upcover founder Anish Sinha says last month’s AI-related sharemarket sell-off should not be treated as a blip, but as a signal.

He says while the reaction was not justified in the short term, AI will change the game through its ability to crunch data.

“The implication for the industry is not that brokers disappear overnight,” he said. “It is that the advantage shifts quickly towards operators that are building with AI from the ground up rather than trying to retrofit it onto decades-old processes.

“A new kind of broker is emerging that measures itself not on the size of its client book but on how quickly it can turn around a quote, how few questions it needs to ask a customer it has already served, and how seamlessly it can present a business’ complete risk profile to an underwriter.”

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