
Learn how insurers can combat AI-driven fraud, secure data and build trust in an increasingly digital world.
Learn how insurers can combat AI-driven fraud, secure data and build trust in an increasingly digital world.
Failure accompanies all technological breakthroughs – the wheel, manned flight, the internet. AI is no exception. I know insurance companies are using AI – SAS research confirms it. 90% of insurers have budgeted for GenAI in 2025. I also know that only 1 in 10 insurers (11%) are fully “AI-prepared.”
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Investment in AI is an obvious target for the insurance sector. Insurers have always been interested in technology that helps detect and prevent fraud and improve underwriting efficiency while speeding processes and reducing – or at least not increasing – costs. But what is the reality in this highly regulated
Five years ago, there was no conflict in Ukraine. People went into offices for work. No one was fighting over toilet paper. Everyone’s concept of AI was loosely anchored by Hollywood films like Terminator or War Games. And, insurers enjoyed relatively stable profits, consistent inflation/interest rates, and manageable change volume.