Evident

The Evident AI Insurance Index is now live! We’re proud to launch the first independent benchmark of AI maturity across the global insurance sector. The Index ranks 30 major insurance companies in terms of talent, innovation, strategy, and focus on responsible AI. Congratulations to the top 10: 1️⃣ AXA 2️⃣ Allianz 3️⃣ USAA 4️⃣ Intact 5️⃣ Manulife 6️⃣ Travelers 7️⃣ Liberty Mutual Insurance 8️⃣ MassMutual 9️⃣ Munich Re 🔟 Aviva Explore the full ranking and download the Key Findings Report here:  https://lnkd.in/gyTWzy4H #evidentaiindex

🚨 NEW - Evident Use Case Tracker for Insurance Did you know, in the past twelve months? 🟠 Composite insurers are reporting the most AI use cases, but a P&C insurer (AIG) was the first to publicly document agentic efforts 🟠 Almost two-thirds of AI use cases in insurance relate to customer service, underwriting or claims. 🟠 The majority of ROI attributed to AI use cases comes from improved efficiency, with only three use cases (from Manulife, Progressive Insurance and MetLife) reporting a revenue uplift.  The Evident Use Case Tracker for Insurance is a comprehensive inventory of AI use cases announced by 30 of the largest insurers in North America and Europe. It includes a detailed description of each use case, including the firm’s reported returns, the type of AI deployed and the details of key partners or vendors. The Use Case Tracker: 🗓️ updated monthly, ensuring members have up to date perspectives on the AI landscape 📈 Contains Evident analysis of emerging trends 👥 Exclusively available in full for Evident members Access the Use Case Tracker, or learn more about how Evident can support your firm’s AI adoption, by following the links in the comment below.

🟠 Just released: The Brief | How to hook your banker on AI In this edition: → The competing approaches banks are taking to boosting AI uptake → What we learned analyzing research from banks for ICML → A deep dive into three next-gen fraud detection use cases …and much more from the front lines of AI in financial services. People mentioned: Chris Patterson, Jeff McMillan, José Manuel de la Chica, Anabel Almagro, Anthony Miller, Saloni Sharma and others. Plus these banks: CIBC, Morgan Stanley, NatWest, Santander, Westpac, Banco Bilbao Vizcaya Argentaria, Commonwealth Bank and others. 📩 The Evident Banking Brief is a go-to source for data-driven insights on how banks are adopting AI. Delivered straight to your inbox every other Thursday, subscribe here: https://lnkd.in/dCcYPQHH

📣 Coming soon - Evident Insurance Use Case Tracker The Use Case Tracker is a comprehensive inventory of AI use cases announced by some of the largest insurers in North America and Europe. It includes a detailed description of each use case, including the firm’s reported ROI, the type of AI deployed and the details of key partners or vendors. 🗓️ Evident members can access the full database of AI use cases in insurance on Wednesday 16 July, and we’ll also be sharing select trends and insights. Learn more about how Evident can support your firm’s AI adoption here: https://lnkd.in/eK33bZm5

What does the AI talent landscape look like in insurance? The Evident AI Insurance Index identified over 23,000 roles in the insurance sector dealing directly with AI. But what types of AI roles are insurance firms hiring, and who’s employing the most AI experts? Most commons types of AI role in insurance: - Data engineering (41%) - AI development (31%) - AI software implementation (27%) Insurance firms employing the most AI talent: 1️⃣ Allianz 2️⃣ USAA 3️⃣ AXA  4️⃣ Liberty Mutual Insurance 5️⃣ Travelers Learn more about how we benchmark AI talent in insurance here: https://lnkd.in/gyTWzy4H

🆕 We’ve just updated the Use Case Tracker – our comprehensive inventory of AI use cases announced by the world’s largest banks. 📈 Since May, 24 new AI use cases have been added. The Tracker now includes: → 290 AI use cases from 60+ banks, announced since January 2024. → Analysis of where banks are deploying AI across application areas and business units. → A spotlight on flagship use cases from leading global banks. 🔍 Available exclusively to Evident members, the Use Case Tracker offers deep insights into the latest trends shaping AI adoption in banking. 👉 Explore the Tracker here: https://lnkd.in/eZ5M5ZRw 🧠 Not a member yet? Join us: https://lnkd.in/et4b-jCb

Thank you once again to Andreas Schertzinger, Group Chief Data, AI & Innovation Officer at AXA, and Jodie Wallis, Global Chief AI Officer at Manulife for joining our roundtable last week. We were delighted to host a lively discussion, exploring the findings of our inaugural Insurance Index. 📺 The full roundtable recording is now available here: https://lnkd.in/e8GcdFxP ⬇️ Download our Key Findings Report here: https://lnkd.in/gyTWzy4H

Which insurers score highest in the Transparency Pillar of our Index? Top 5: AXA ranks #1 in our Transparency Pillar, driven by their top ranking in communicating their Responsible AI Innovation. Allianz ranks #2 in our Transparency Pillar, and achieve the highest score for communicating their Responsible AI Talent across insurers in the Index. Generali ranks #3 in our Transparency Pillar, driven by the evidence of AI governance structures and frameworks mandated by their Data and Trustworthy AI Manifesto. Zurich Insurance ranks #4 in our Transparency Pillar, and are the top performer for communicating Responsible AI Leadership in our Index. Manulife ranks #5 in our Transparency Pillar, the highest ranking Life Insurance firm thanks to their consistent approach across the contributing Sub-Pillars. Honorable mentions: Prudential Financial (#6), CNP Assurances (#9) and MetLife (#10) all feature in the Transparency Pillar Top-10, outperforming their overall Index Rank. Explore the full ranking and methodology here: https://lnkd.in/gyTWzy4H

🟠 Just Released: The Brief | Why agentic is so hard In this edition: → The hurdles for banks deploying agentic AI → Two dueling approaches to designing agentic systems → A look at AI and banking in Brazil …and much more from the front lines of AI in financial services. 📩 The Evident Banking Brief is a go-to source for data-driven insights on how banks are adopting AI. Delivered straight to your inbox every other Thursday, subscribe here: https://lnkd.in/dCcYPQHH

Thank you to everyone who attended and contributed to the lively discussion at yesterday’s Insurance Index launch roundtable. We were delighted to be joined by Dr Andreas Schertzinger, Group Chief Data, AI & Innovation Officer at AXA, and Jodie Wallis, Global Chief Analytics Officer at Manulife. 📺 The full roundtable recording is now available here: https://lnkd.in/e8GcdFxP ⬇️ Download our key findings report here: https://lnkd.in/gyTWzy4H