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73% of US companies have already adopted artificial intelligence (AI) in at least some area of their business, according to the 2023 PwC Emerging Technology Survey.
There’s no doubt that AI is disrupting every industry, and insurance is no exception. From underwriting and claims management to fraud detection and customer service, the benefits of the application of predictive analytics and AI to your business are myriad.
However, there are several barriers preventing insurers from implementing AI models, such as technology, data siloes, hiring talent and the regulatory environment. With 52% of respondents in the 2023 KPMG global tech report choosing AI as the most important technology in helping them achieve their ambitions over the next three years, it is imperative that leaders overcome these barriers and invest in their data strategy, or risk falling behind.
Download this ebook to explore AI transformation in insurance underwriting and the value to be unlocked within your book of business.
Complete this form to get your free copy today
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