Brookfield, Wis.-based Fiserv Inc. has acquired Xcipio Inc., an East Windsor, Conn.-based Web-based insurance rating and automation solution provider. The acquisition is part of Fiserv's plan to expand its technological footprint in the insurance industry.
This year's 83% adoption rate is up from last year, but trails 2023's high of 92%.
Junior underwriters can gain support for their work from AI, and data handling to support underwriting improves, said insurance risk management experts from Cytora, Scor and AXA XL.
Analyses show that generally speaking, companies that deploy AI the most are also recruiting more humans.
AI-powered platforms have collapsed the production timeline for a professional TV commercial from weeks to hours. But the agents who are getting real value out of TV advertising right now aren't just putting campaigns out. They're building frameworks for reading what comes back.
A quick quote and great customer experience does the rest.
Despite growing adoption, research shows that agents and brokers struggle to integrate AI into their daily workflows.
