Source: PR Web
The study highlights that the future of the P&C insurance industry will be shaped by the successful intersection of AI and human expertise. Other technologies remain poised to amplify opportunities to innovate, including Internet of Things (IoT), embedded insurance, and blockchain.
“Our research finds that AI is becoming increasingly integrated with other automation and decision-augmenting technologies,” noted ReSource Pro Senior Partner Mark Breading. “For insurance leaders, the time to act is now. Companies need to strengthen their digital, data ,and operational foundations while developing strategies, experimenting with AI, and exploring their business specific use cases. Taking proactive steps to adopt and integrate AI is essential to staying competitive and helping customers manage tomorrow’s risks.”
“To take advantage of AI, you need a strong foundation and can’t lose sight of the details,” said Dan Epstein, CEO of ReSource Pro. “By doing the hard work of integrating systems, standardizing workflows, mandating data hygiene and modernizing operations, our insurance clients are well positioned to optimize AI in their end-to-end workflows where it makes the most sense. We’re proud to support them with this complexity, so that they can turn AI into a practical tool to enhance their core expertise, their end customer experience, and drive bottom line results with near-and-long-term productivity gains.”
Read the full article: https://www.prweb.com/releases/new-research-digital-and-operational-readiness-is-essential-for-ai-value-in-pc-insurance-302316776.html
