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
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