We’re fixing the workflow, not the margin
Most insurers have pointed their AI programmes at the expense ratio. I suggest they should be focussed at the loss ratio. Two conversations in the last fortnight got me here. On 17 September I hosted a breakfast roundtable in London on the disruption of AI in underwriting and claims, with COOs, Heads of Customer Journey, Heads of Data and AI transformation leads from several of the biggest UK insurers and brokers. Last week I was on an INSEAD insurance panel and a completely different group brought me to a similar conclusion...




