Insurance industry’s AI moment shifts from hype to execution
Artificial intelligence may be dominating boardroom conversations, but India’s insurance industry believes the real challenge lies in translating the technology into faster claims settlement, smarter underwriting and stronger fraud detection rather than chasing the latest AI buzz.
That was the key takeaway from the inaugural edition of Insurance CoLabs, a closed-door forum jointly hosted by Spocto X and YuVerse in Mumbai, where more than 25 senior executives from life, general, health and reinsurance companies debated how AI can move from pilot projects to everyday business operations.
