Artificial Intelligence
Insurance companies risk missing $160b without AI scale
Insurance companies risk missing $160b without AI scale
Those who successfully deploy AI invest about 30% more in AI capabilities than peers.
6 days ago
Insurers weigh AI personalisation against data risk
Firms face pressure to balance customisation with privacy safeguards.
Insurance customers are cautious about AI’s decision-making role
Although, 7 in 10 consumers think AI can significantly reduce waiting times.
Chinese insurers may risk AI pitfalls with DeepSeek rollout
Insurers that fail to comply may face penalties.
4 in 5 insurers plan to increase AI investment over next year
36% of respondents are also prioritising efforts to build trust.
Philippine banks and insurers called to pursue human-centred AI adoption
AI adoption should be centered on financial inclusion, customer experience, and personalisation.
Manulife’s AI-investments to deliver threefold ROI by 2027
The company realised over $600m in benefits in digitalisation efforts last year.
Ping An integrates AI, big data roles in latest recruitment
The AI aims to assist in job matching, interviews, and salary negotiations.
WTW launches AI tool radar vision for insurers
It aims to improve underwriting profitability and reduce costs.
Insurers shift from traditional to real-time risk analysis
Thanks to increased AI-adoption, threats are also rising with phishing attacks up 135% in 2 months.
A fourth of the insurance industry lacks AI-experienced talent
Other concerns include a lack of customer understanding.
APAC insurers wary of geopolitical instability in next two years
Cyber threats, on the other hand, are a moderate to severe risk.
Chinese consumers most receptive to AI-driven premiums
Australians were the least receptive.
8 in 10 insurers plan to increase tech investment this year
36% of insurers prioritise AI and machine learning.
Insurers in ANZ leverage AI amidst tightening margin
Due to inflation, extreme weather events, and evolving consumer expectations.
Australia’s life insurers top global data readiness
Worldwide, data readiness was the primary obstacle to maximising AI.
Kotak Life launches AI-powered HR assistant
Its chief human resources said it aims to modernise HR services.
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Event News
Value migration to non-bank players with a "focused" model is accelerating.
Commentary
The increasing number of affluent individuals in India and their evolving insurance needs