Recent update from McKinsey & Co.
AI in insurance: Understanding the implications for investors
The potential for AI-driven portfolio value creation:
- Traditional AI in the form of predictive data analytics is already established in fraud detection, pricing, and risk modeling.
- Generative AI is beginning to reshape document-heavy tasks like policy issuance, submissions, and some aspects of claims handling and adjusting.
- An emerging frontier of agentic AI promises to autonomously manage end-to-end workflows, from purchasing to select risk assessment.
Four priorities for investors:
- Embedding AI evaluation and value creation across the deal life cycle
- Instituting a firmwide AI playbook
- Scenario planning in a dynamic environment
- Projecting how AI will change talent models
- Todor
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Todor Kostov
Director
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