Property and casualty (P&C) insurers in North America that invested more resources in advanced analytics and AI achieved greater profitability and premium growthProperty and casualty (P&C) insurers in North America that invested more resources in advanced analytics and AI achieved greater profitability and premium growth

Insurers Using Advanced Analytics and AI Report Strong Returns on Investment and Premium Growth

For feedback or concerns regarding this content, please contact us at [email protected]

Property and casualty (P&C) insurers in North America that invested more resources in advanced analytics and AI achieved greater profitability and premium growth, according to a new survey from WTW, a leading global advisory, broking, and solutions company.

The WTW 2026 Advanced Analytics and AI Survey reveals that insurers using more sophisticated analytics achieved combined ratios six percentage points lower and premium growth three percentage points higher compared to slower adopters between 2022 and 2024.

Laura Doddington, Head of Personal and Commercial Lines, Insurance Consulting and Technology, North America, WTW, stated: “Advanced analytics and AI are beginning to yield significant payoffs, as lead carriers report measurable returns on investment. With insurers planning to ramp up investment across personal and commercial lines, advanced analytics is shifting rapidly from competitive advantage to essential requirement to maintain market viability and drive sustainable growth.”

Read More on Fintech : Global Fintech Interview with Baran Ozkan, co-founder & CEO of Flagright

Almost all insurers that took part in the WTW survey now use underwriting and pricing analytics. Close to 80% of insurers rely on advanced rating and pricing models, with an additional 11% planning to implement them soon. This makes predictive rating models essentially universal from 2026.

While claims functions have been slower to adopt, more insurers are now signaling aggressive plans to expand their use of advanced analytics. Although one-third or fewer carriers currently use claims advanced analytics for fraud detection (33%) and severity assessment (29%), these figures are expected to reach 65-70% within the next two years. An additional 36% plan to introduce straight-through processing in claims workflow automation, a significant increase from the current 14%.

Large language models (LLMs) and generative AI may be recent additions to the insurance industry, yet over half of survey respondents report already using them – another 29% plan to begin adopting these technologies within the next two years. While only 16% currently use AI to augment human underwriting, this figure is set to rise sharply, with 60% of insurers planning to prioritize this between now and 2028.

If survey respondents follow through with their intended AI and machine learning initiatives, adoption in underwriting, claims, and customer service is set to increase two or even threefold by 2028.

Data concerns and IT bottlenecks are the main challenges experienced by survey respondents in the adoption of analytics, with 42% reporting data-related issues – such as poor quality and limited accessibility – and inadequate IT support as significant barriers.

Building an analytics-driven culture also remains work in progress. Just 20% report having a well-defined analytics strategy to guide daily activities, and only 12% of insurers in the survey regularly offer analytics training to employees.

Doddington commented: “The ability to harness advanced analytics and AI will increasingly define market relevance, operational efficiency, and strategic agility. At the same time, using AI tools without a solid foundation may exacerbate existing issues rather than solve them.

“Data quality and robust governance, combined with the capability to deploy analytics without hitting IT bottlenecks, are crucial for successful AI and machine learning adoption. Insurers that master these fundamentals will be best positioned to leverage these advanced tools and techniques to gain a competitive edge in an increasingly data-driven market.”

Catch more Fintech Insights : Real-Time Payments and the Redefinition Of Global Liquidity

[To share your insights with us, please write to [email protected] ]

The post Insurers Using Advanced Analytics and AI Report Strong Returns on Investment and Premium Growth appeared first on GlobalFinTechSeries.

Market Opportunity
Chainbase Logo
Chainbase Price(C)
$0.04946
$0.04946$0.04946
-0.60%
USD
Chainbase (C) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
Share
BitcoinEthereumNews2025/09/18 01:33
XRP Ledger Stablecoin Supply Jumps 100% Since December

XRP Ledger Stablecoin Supply Jumps 100% Since December

TLDR Stablecoin supply on the XRP Ledger reached $568 million after rising more than 100% since December 2025. The number of wallets holding less than 100 XRP climbed
Share
Coincentral2026/03/24 00:43
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

The post Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be appeared on BitcoinEthereumNews.com. Jordan Love and the Green Bay Packers are off to a 2-0 start. Getty Images The Green Bay Packers are, once again, one of the NFL’s better teams. The Cleveland Browns are, once again, one of the league’s doormats. It’s why unbeaten Green Bay (2-0) is a 8-point favorite at winless Cleveland (0-2) Sunday according to betmgm.com. The money line is also Green Bay -500. Most expect this to be a Packers’ rout, and it very well could be. But Green Bay knows taking anyone in this league for granted can prove costly. “I think if you look at their roster, the paper, who they have on that team, what they can do, they got a lot of talent and things can turn around quickly for them,” Packers safety Xavier McKinney said. “We just got to kind of keep that in mind and know we not just walking into something and they just going to lay down. That’s not what they going to do.” The Browns certainly haven’t laid down on defense. Far from. Cleveland is allowing an NFL-best 191.5 yards per game. The Browns gave up 141 yards to Cincinnati in Week 1, including just seven in the second half, but still lost, 17-16. Cleveland has given up an NFL-best 45.5 rushing yards per game and just 2.1 rushing yards per attempt. “The biggest thing is our defensive line is much, much improved over last year and I think we’ve got back to our personality,” defensive coordinator Jim Schwartz said recently. “When we play our best, our D-line leads us there as our engine.” The Browns rank third in the league in passing defense, allowing just 146.0 yards per game. Cleveland has also gone 30 straight games without allowing a 300-yard passer, the longest active streak in the NFL.…
Share
BitcoinEthereumNews2025/09/18 00:41