Artificial Intelligence
Insurance companies risk missing $160b without AI scale
Insurance companies risk missing $160b without AI scale
Those who successfully deploy AI invest about 30% more in AI capabilities than peers.
How Oracle embeds Gen AI across product offerings
AI adoption surges as tools reshape APAC industries.
SMEs adopt AI for smarter financial decisions
AI reshapes SME operations as cloud tools go mainstream.
4 in 5 insurers plan to increase AI investment over next year
36% of respondents are also prioritising efforts to build trust.
APAC insurers wary of geopolitical instability in next two years
Cyber threats, on the other hand, are a moderate to severe risk.
8 in 10 insurers plan to increase tech investment this year
36% of insurers prioritise AI and machine learning.
AI-matured organisations reap 5% higher revenue growth
Strong governance, reskilling, and ethical practices distinguish AI-mature organizations.
Generative AI slashes P&C claim times by 50% – Bain & Co.
It could also decrease loss-adjusting costs by 20% to 25%.
Only 28% of APAC insurers prepared for AI shift
Half of insurers attribute poor customer experience to limited technology adoption.
AI agents combat the lack of skilled workers to improve AI models
These agents are formed by embedding AI with pre-built use cases into enterprise applications.
How is APAC leading with AI to fight insurance fraud?
74% of respondents reported that fraud cases are either stable or increasing.
CISOs prioritise security as ai threats surge
AI’s rapid evolution forces CISOs to view security as a core operational strategy.
Deloitte: AI complements human roles, not replaces them
Humans are a critical part of generative AI solutions.
AI raises ethical questions in cybersecurity acceleration
Rapid integration of AI in security practices challenges traditional methods.
Bugcrowd launches AI Bias assessment service
New service aims to improve AI safety and fairness.
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