Insurers pivot AI strategy toward core risk underwriting
AI News 2026-06-16 15:55:02
Context: The insurance industry is shifting its approach to artificial intelligence, with companies now focusing on using AI to generate tangible business value in core risk underwriting. This change in strategy involves embedding AI technologies into workflows that directly impact underwriting discipline and capital allocation. The shift comes as insurers seek to move beyond mere efficiency gains from AI investments.
Key Facts
- Insurers are now expected to generate tangible business value from AI investments beyond mere efficiency, according to the 2026 Evident AI Index.
- The 2026 Evident AI Index finds that insurers are embedding AI technologies into workflows that directly influence underwriting discipline and capital allocation.
- Christian Preece, Insurance Director at Evident, notes that for years, insurers have competed on AI ambition, but are now pivoting towards practical applications of AI in core risk underwriting.