ISG (Information Services Group)’s Post

Only 5% of insurers are seeing the benefits of generative AI. If your AI projects are falling short, rethink your strategy. Learn why tactical AI isn’t working and how to succeed by reading the latest insights from ISG (Information Services Group). #GenerativeAI #Insurance #AIstrategy #Corbus #ISG

𝗔𝗜 𝗶𝘀 𝗮 𝗳𝗼𝗿𝗰𝗲 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗶𝗲𝗿 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 🤖🧠 What used to take more than 30 minutes can be done in a couple of minutes with an AI Assistant Companies that are adopting AI are saving over $400K in costs while making them 10X faster and less prone to human errors Checkout the video and reach out to us if you want to utilize GenAI to generate operational efficiencies (calendar in comments) #insurance #ai #insuretech

With the recent rise of AI, should insurance employees be considering how to use it effectively? We recently discussed this in our blog post about generative AI in insurance and building a long-term strategy. Our conclusion was that since insurance is a highly technical area with a constantly evolving regulatory environment, people with deep sector knowledge will always be needed. They will, however, need to adapt to working alongside AI experts and the technology. As McKinsey states in its 2030 report: 'The next generation of successful frontline insurance workers will be in increasingly high demand and must possess a unique mix of technological adeptness, creativity, and willingness to work in a dynamic environment, incorporating semi-automated and machine-supported tasks that continually evolve.' To read more, check out the full post below 👇 https://hubs.li/Q02s-SnM0 #Insurtech #AI

🔎 Discover why tactical generative AI isn't working (only 5️⃣% of insurers are reaping the expected benefits). But more importantly, learn how to create a successful GenAI strategy for the insurance sector. This insightful article by ISG's Rakesh Parameshwara and Naveen Mohanan provides actionable steps to ensure your AI investments deliver value. 👉 Read the full article here 👉 https://lnkd.in/eiyCxitm #AI #Insurance #GenAI

When looking ahead to the future of the #insurance and #reinsurance industry, #AI offers the potential to drive more precise coverage and pricing adjustments. While the long-term vision is promising, it's crucial to assess the current value AI brings and the imminent opportunities it unveils across the insurance value chain. Discover how AI is currently shaping the insurance landscape through specific applications of Artificial Intelligence. Explore more insights in the infographic shared. For a deeper dive into the current state and future potential of AI in insurance, check out SwissRe's comprehensive analysis: https://lnkd.in/grt9bWkU #insurtech #Artificialintelligence #AI #insurance #reinsurance

AI: A Game Changer for the Insurance Industry 🚀   The power of Generative AI to transform the insurance landscape is undeniable—envision hyper-personalised products and interactions, market-attuned services, and enhanced productivity.    Our latest AI paper, an insightful extract from INSTANDA’s global thought leadership report, unpacks this potential. It envisages AI not merely as a tool but as a co-pilot across the insurance value chain.   Yet balance is key. As the 26 contributors to our report surmise, the realm of AI is one of both immense promise and mindful pragmatism. It’s not a cure-all solution. Much like the technological breakthroughs that came before it, AI its needs to be considered as part of the whole ecosystem rather than the answer itself.    The message to insurers is to understand AI. Evaluate its capabilities and limitations and prepare your data and systems for what's coming. The future isn't just about AI. It's about how you leverage AI for success.   Join the conversation! Read my reflections and download the full AI report here: https://lnkd.in/eeaFMAMU   #ArtificialIntelligence #Insurtech #InsuranceIndustry #TechnologyInnovation #AIinInsurance #GenerativeAI

Why are we just talking about AI? In insurance, there are many changes and some are global or market level. The spoils will go to the people who innovate to address the environment, not "just" those so play well with AI. REWRITTEN WITH AI, MOSTLY TO ANNOY MYSELF 🙄 . Why focus solely on AI in insurance? The industry is experiencing numerous changes, some on a global or market level. Success will favor those who innovate to tackle the broader environment, not just those who align with AI. #Insurance #Innovation #AI #GlobalChanges #MarketTrends

At Vitech, we're harnessing the power of AI to enhance efficiencies in our operations and boost our customers' performance. As AI technology rapidly advances, embracing it is crucial for maintaining competitiveness and fostering business expansion. Recent research from Gartner underscores the dangers for insurers who are behind in AI integration, spotlighting the importance of strategic investments in AI. See link below...

Ready for a game-changer in the insurance industry? Discover how Artificial Intelligence (AI) can revolutionize organic growth for insurance brokers. In today's competitive landscape, leveraging AI is key to positioning your firm as a top-performer and growth-oriented leader. Curious about the power of AI in transforming your growth strategy? Dive into my latest blog post at MarshBerry | Europe to stay ahead of the curve. https://lnkd.in/dm_AZUmx #AI #Insurance #Innovation #GrowthStrategy