adesso BLOG

Insurers are also modernising with cloud providers such as Amazon, Microsoft and Google. Global usage has increased thirteenfold since 2010. By 2025, revenues are expected to grow by 20 per cent to US$825 billion. In Germany, growth is estimated at 20 per cent. The use of cloud environments is standard, 'cloud first'. What are the challenges facing companies and how can they be tackled effectively?

AI has been the megatrend of recent years. No company, no trade fair, no provider can do without this magic word. And yet, when it comes to insurance companies, I see a clear reluctance to use these methods in practice. In my blog post, I show how TrustworthyAI makes the use of artificial intelligence in the insurance industry safe and efficient.

The first two parts of my blog post dealt with the general opportunities and challenges of AI, specific applications of generative AI and AI in the various phases of the customer journey. In the third and final part, I take a closer look at the future developments of AI in the insurance sector.

Imagine an insurance company decides to modernise its entire IT landscape. The technology is ready, the plans are drawn up, and yet the project encounters unexpected obstacles. The reason? No, not the poor preparation phase this time. The human factor. In this blog post, I highlight the human aspects of IT transformations in the German insurance industry and show why they often mean the difference between success and failure.

This is the first part of my three-part blog post on the role of artificial intelligence (AI) in the insurance industry. In this first part, I focus on the general opportunities and challenges of AI as well as specific applications of generative AI. The focus is on marketing and sales.

In a world where technology is advancing relentlessly, the various insurance intermediary professions need to adapt the way they work in order to stay relevant. But how do insurance intermediaries feel about this new technology? I answer this question in my blog post.

In an increasingly complex and individualised world of healthcare, the demand for personalised solutions in health insurance is growing. The introduction of customised offers not only has the potential to increase customer satisfaction but also to optimise the entire customer journey. In this blog post, I explore how these individualised approaches are changing the interaction between insurance companies and policyholders and what impact they could have on the future of healthcare.

Microsoft has invested in OpenAI to gain access to ChatGPT, and the company is now integrating generative AI into tools such as Microsoft 365. These AI-based copilots improve productivity and efficiency, especially in regulated industries where you find many recurring tasks and large amounts of data. Copilots help optimise workflows as financial or claims management tools. My blog post will take a look at Microsoft Copilot for Microsoft 365, a tool that is used in the banking and insurance sector, as one example of an AI-supported assistant.

GenAI opens up great opportunities for insurance companies to generate value. Likewise, it is also becoming a key driver of their digital transformation. The rapidly evolving technology can be used to automate and speed up insurance processes and significantly improve the customer experience. From a financial perspective, insurers benefit from GenAI’s ability to more accurately assess risks.