Actuarial Notes

How Insurers Can Supercharge Their Strategy with AI

By Christopher Freese, Yohei Takabe, Sebastian Schmöger and Jürgen Eckel · Boston Consulting Group · 2025 · CFE201-119-27

Study guide: Exam CFE-201

An 8-minute-read BCG article of 11 April 2025 on how insurers can get value from artificial intelligence. It says AI has generated a lot more talk than value in insurance, and recommends that insurers approach AI with three things in mind: don't overstrategize the technology and use AI to narrow bets, push hard for near-term P&L impact by transforming a few high-value functions, and invest in business leadership, people and processes.

On the syllabus

Narrow Your Bets

Focus on Impact, Fast

Invest in People and Processes

Sources