2026-10-29 · Source: Business Insurance
Summary in 3 Points • Panelists at a conference advised insurers to prioritise decision-making over efficiency in AI adoption. • The focus should be on reducing risk rather than merely achieving operational efficiency. • The discussion took place at the International Risk Management and Insurance Construction Risk Conference. --- During the International Risk Management and Insurance Construction Risk Conference, panelists emphasised the need for insurers to adopt artificial intelligence with a focus on enhancing decision-making. They argued that the primary goal should be to reduce risk rather than simply improve efficiency in operations, which could lead to better outcomes for builders and their insurers. Insurers should prioritise decision-making in AI adoption to enhance risk management, impacting underwriting and claims processes.
Insurers should prioritise decision-making in AI adoption to enhance risk management, impacting underwriting and claims processes.