With the global Insurance AI market predicted to be worth $79.86 billion by 2032 (Precedence Research), it’s crucial to stay on top of investment trends, adoption case studies, and success stories.
To help with this challenge, Reuters Events surveyed 700+ carriers to discover their experiences on the integration of AI in insurance, producing a 10-minute read summarising the key stats in an easy-to-digest format.
Download the report here: The Future of AI in Insurance
This comprehensive infographic provides you with the insights you need to make informed investment decisions, including:
- What percentage of insurers are currently investing in AI/are planning to in the next few years?
- What are the prominent drivers and blockers for AI investment?
- What areas are AI being applied to, and to what effect?
- Has AI proved a worthwhile investment for companies so far?
Featuring commentary and meaningful interpretations of the data from industry thought leaders:
- “…leading companies are the ones who have already have proper governance structures for AI use and have begun architecting their data systems and tech stack for embedded AI.” – Russell Page, CIO, Hagerty
- “It’s not surprising that companies are finding "AI" hard to implement, especially when the key deployment areas are claims and underwriting, and the most mature technology vendors have non-industry-specific solutions. The easiest implementations of "AI" today are in summarizing and/or searching significant volumes of text with good, but not perfect, accuracy.” – Joe Emison, CTO, Branch Insurance
- “AI is inherently neither good nor bad, neither right nor wrong – it’s the human interaction, interpretation, and use of AI that renders it one way or another.” – Rose Hall, SVP Head of Innovation, AXA XL
Click here to view the report: The Future of AI in Insurance
Kind regards,
Alex
Alexandra Wilson
Project Director
Insurance
Reuters Events
Comments
This report really highlights how the insurance sector is accelerating its adoption of AI across underwriting, claims, and other core areas, showing that investment and strategic thinking around AI are now critical for staying competitive. With generative ai is coming for insurance and reshaping how carriers deliver value and operate, insurers who lean into these insights now will be much better positioned for the future.