The information gathered will be used to benchmark AI adoption, identify key hurdles and highlight the tools and support claims professionals need to enhance their workflows
’There are real opportunities to improve efficiency, embrace automation and ensure emerging risks are appropriately captured,’ says partner
‘We’re definitely part of the changing face of mobility,’ says managing director at ERS
‘Successful automation will empower claims handlers, not replace them,’ says deputy chief executive
‘Bridging this skills gap will support the drive for innovation, productivity and long-term growth in today’s competitive landscape,’ says chief executive
’In a world where technology can be transformative, we wanted to help members grasp the opportunities and the risks it presents,’ says chief executive
A focus on the practical upside of AI technology from UK insurance firms seems to indicate that the level of maturity around the technology has increased
High quality data enrichment and AI supported risk assessments are leading to the hyper-personalisation of insurance, bringing a suite of pros and cons for industry professionals to navigate
Data collection must be driven by a purpose, to solve a set problem – otherwise, unintended consequences could cause issues for insurers
Brokers don’t need a big bang to begin their digital transformation. By focusing on incremental progress and avoiding common pitfalls, they can start delivering meaningful change today
’As risk becomes more complex, the future of broking will belong to firms that can combine expertise with intelligence at scale,’ says chief executive of commercial risk
Comfort with insurers’ usage of AI is growing, especially among regular AI users
‘The insurers who succeed will be those who treat it as a company-wide objective, not just a department-led experiment,’ says chief executive
’We want to work with the market for the next 10 years and be the defining generative AI underwriters,’ says chief executive
In 2023 we launched our inaugural Insurtech 50 report, produced exclusively by Insurance Times and based on data provided by business management consultancy Oxbow Partners.
This report collates a portfolio of the 50 most innovative UKGI insurtechs that insurers and brokers should have on their partnership radar, based on specific criteria defined by Insurance Times to reflect the needs and interests of our readership.