$50 billion opportunity emerges for insurers worldwide from generative AI’s potential to boost revenues and take out costs
AI technology offers insurance businesses large-scale financial potential from productivity gains, optimizing sales channels and digital advice, and delivering enhanced, personalized customer experience BOSTON—April 1, 2024—Insurance businesses worldwide have a $50 billion dollar financial opportunity from generative AI to harness the technology in ways that could boost their revenues by as much as 20% and cut their costs by up to 15%, research from Bain … Continue reading $50 billion opportunity emerges for insurers worldwide from generative AI’s potential to boost revenues and take out costs