Posts Tagged
AI governance
WTW embeds an AI assistant in insurance portfolio analysis
In September 2026, WTW unveiled Radar AI Assistant, a natural-language capability within its Radar Vision insurance portfolio tool. WTW says pricing, underwriting, claims and portfolio teams can query data, examine likely drivers and receive suggested actions. The announcement was published on 28 September. Claims about faster insight, accuracy and business advantage come from the vendor; the release does not supply independent performance evidence. An assistant inside an existing tool
The 30 Point AI Governance Gap Is an Insurance and Board Issue
Daily use has moved ahead of formal control The 2026 Travelers Risk Index published in September 2026 reports that 89% of surveyed US business insurance decision-makers see artificial intelligence used day to day in their workforce, while only 59% say their organisation has formal practices governing that use. The 30-point difference is a useful indicator of unmanaged adoption, although the survey does not establish the quality or completeness of
Insurers Are Seeing AI Operations Improve Before Profits Do
A survey reported in September 2026 by S&P Global Ratings covers 121 insurers and reinsurers representing roughly 38% of the assets of rated companies. It suggests that most respondents have moved beyond concepts into some form of operational integration, while only about one third describe AI as fully integrated. Reported benefits are appearing first in customer experience, underwriting, risk management and claims. Operational adoption is ahead of financial proof
US China AI Incident Proposal Points Toward a Global Notification Standard
In September 2026, the Associated Press reported that US Treasury Secretary Scott Bessent had proposed an AI incident notification mechanism during talks with Chinese Vice Premier He Lifeng. The proposal would create a channel for sharing information about artificial-intelligence incidents that may affect national security. Details remain limited and China had not publicly accepted the mechanism at the time of reporting, although the discussions were described as candid and
Europe Can Gain from AI Only If Workflows Change
In September 2026, Reuters reported that an International Monetary Fund (IMF) paper presented to European finance ministers estimated that artificial intelligence could raise European productivity by about 1% over five years. The estimate is meaningful but modest enough to challenge unrealistic expectations. In a speech accompanying the analysis, IMF Managing Director Kristalina Georgieva argued that productivity gains depend on organisations redesigning products, processes and workflows rather than simply adding
AXA Puts a Price on AI, Makes Adoption a Strategic KPI
In September 2026, AXA’s official presentation of its 2027–2029 strategic plan, Growing Forward, made artificial intelligence one of the most explicit value-creation levers in the group’s next phase of development. At first sight, another major insurer intends to use more AI. In fact, this goes further. AXA has attached a recurring pre-tax value target of €500 million to €700 million by 2029 to its AI programme, while aiming for
