UK insurers face ‘data quality’ obstacles in AI adoption insurance British insurers are facing a bigger AI obstacle than expected, as poor quality data is preventing underwriters from accelerating adoption. A new report by tech firm CI&T, in collaboration with Reuters Events, revealed that nearly three-quarters (72 percent) of underwriters identified fragmented and unstructured data as the primary barrier to AI transformation. The next top [...]
Sabre Insurance: Motor insurance claims inflation continues to hit growth insurance Motor insurer Sabre Insurance said it expects annual gross written premium growth to moderate slightly as claims inflation remains elevated.