Genpact Limited, in collaboration with Amazon Web Services, has released a report titled "Harness the Winds of Change: How to Scale AI and Build Trust in Insurance," highlighting the significant yet untapped potential of AI within the insurance sector. The study reveals that while 69% of insurance companies have deployed AI technologies, only 36% of US customers report an improved digital experience. This indicates a need for the industry to scale AI applications to meet evolving customer expectations and drive growth. The report offers a strategic blueprint comprising six key points: strengthening data foundations, building partnerships, empowering people, designing for scale, balancing governance and risk, and prioritizing business outcomes. It aims to help insurers overcome adoption barriers and unlock AI's transformative potential, ultimately redefining customer experiences and building lasting trust. Genpact's extensive experience in process management and collaboration with insurers positions it to guide clients through their AI journeys effectively.
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