Expenses and leakage reduced among technology adopters
To realize savings in claims, insurers need to scale up their artificial intelligence efforts.
Technology leaders exhibit higher premium growth numbers and lower expense ratios
Analysis suggests less than 10 per cent of carriers consistently capture value from their data.
Insurers warned that technology experimentation is needed to reap benefits
Firm estimates that artificial intelligence applied to distribution could unlock $50-billion annually.
Related news
Advertisement