{"id":25138,"date":"2025-05-20T11:48:04","date_gmt":"2025-05-20T08:48:04","guid":{"rendered":"https:\/\/insly.com\/en\/?p=25138"},"modified":"2025-05-20T11:54:06","modified_gmt":"2025-05-20T08:54:06","slug":"ai-in-insurance-report-achieving-roi-through-practical-use-cases","status":"publish","type":"post","link":"https:\/\/insly.com\/en\/blog\/ai-in-insurance-report-achieving-roi-through-practical-use-cases\/","title":{"rendered":"Insly launches report on maximising the ROI of AI in Insurance"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><i><span style=\"font-weight: 400;\">New report from Insly explores leading AI use cases happening now, and how MGAs and insurers can deliver ROI from the technology, while managing the risks.\u00a0\u00a0<\/span><\/i><\/p>\n<p><b>20 May 2025:<\/b><span style=\"font-weight: 400;\"> A new report on AI in insurance has been launched at The BIBA Conference 2025 by Insly, the low-code software provider to the insurance industry. Analysing the progress of AI adoption across the sector, the report includes insights from businesses experimenting with the technology, identifies the most promising use cases, and how to overcome some of the biggest barriers to implementation, success, and ROI.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since ChatGPT launched two years ago, the race has been on to maximise the productivity gains promised by generative AI, along with other AI technologies spanning optical character recognition, large language models, machine learning, and beyond. But despite significant experimentation and a few trailblazers, many MGAs and insurers are still unsure how to implement AI successfully and maximise its value for the bottom line. A recent study by Boston Consulting Group found that <\/span><a href=\"https:\/\/www.bcg.com\/press\/24october2024-ai-adoption-in-2024-74-of-companies-struggle-to-achieve-and-scale-value\"><span style=\"font-weight: 400;\">74% of companies<\/span><\/a><span style=\"font-weight: 400;\"> struggle to achieve and scale value from AI.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cEveryone\u2019s scrambling to figure out how to \u2018leverage AI\u2019 for their business, especially after reading that all their competitors are already pros at it (spoiler: they aren\u2019t),\u201d says Risto Rossar, CEO of Insly. \u201cThis leads to a fair bit of panic and, let\u2019s be honest, some questionable investments.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The new report aims to provide a real-world view of AI adoption and managing the risks, including:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>AI, the real benefits for insurance:<\/b><span style=\"font-weight: 400;\"> The value of AI for speed, efficiency, innovation, customer experience, and decision-making\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>AI across the insurance lifecycle:<\/b><span style=\"font-weight: 400;\"> The most promising use cases where AI tools and technologies are transforming processes, supercharging efficiency, and aiding innovation and growth.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Risk management:<\/b><span style=\"font-weight: 400;\"> Overcoming key barriers such as trust issues, privacy and security concerns, change management, integration, and data challenges.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Maximising ROI:<\/b><span style=\"font-weight: 400;\"> How can insurance companies and MGAs ensure their investments in AI deliver real value while minimising business risk?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><br \/>\n\u201cImplementing AI can seem daunting for MGAs and insurers, but it doesn\u2019t have to be,\u201d comments Risto Rossar. \u201cBy focusing on small, defined use-cases and building adoption from there, any company can start feeling the benefits of the technology faster than they may think, while ensuring they\u2019re prepared for an AI-powered future.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Insly\u2019s AI report can now be downloaded <a href=\"https:\/\/insly.com\/en\/blog\/insly-launches-report-on-maximising-the-roi-of-ai-in-insurance\/\">here<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New report from Insly explores leading AI use cases happening now, and how MGAs and insurers can deliver ROI from the technology, while managing the risks.\u00a0\u00a0 20 May 2025: A new report on AI in insurance has been launched at The BIBA Conference 2025 by Insly, the low-code software provider to the insurance industry. Analysing [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":25149,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[335],"tags":[],"class_list":["post-25138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press_release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Insly launches report on maximising the ROI of AI in Insurance I Insly<\/title>\n<meta name=\"description\" content=\"A new report on AI in insurance has been launched at The BIBA Conference 2025 by Insly, the low-code software provider to the insurance industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insly.com\/en\/blog\/ai-in-insurance-report-achieving-roi-through-practical-use-cases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insly launches report on maximising the ROI of AI in Insurance I Insly\" \/>\n<meta property=\"og:description\" content=\"A new report on AI in insurance has been launched at The BIBA Conference 2025 by Insly, the low-code software provider to the insurance industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insly.com\/en\/blog\/ai-in-insurance-report-achieving-roi-through-practical-use-cases\/\" \/>\n<meta property=\"og:site_name\" content=\"Insly - 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