Retail P&C most vulnerable to AI disruption within insurance sector: Moody’s

Retail P&C most vulnerable to AI disruption within insurance sector: Moody’s

While artificial intelligence (AI) is delivering tangible gains for property and casualty (P&C) insurers, retail P&C distribution is the area most vulnerable to near-term disruption due to its high transaction volumes, routine processes and the commoditised nature of its services, according to Moody’s Ratings. In a recent report, Moody’s outlined that AI holds the promise of significant long-term benefits for banks, insurers and asset managers, …