Overview

Recent studies show that only 6% of AI proof of concepts (PoCs) in insurance make it into production, and that the few that make it are extremely difficult to scale across the business. As well as the time and financial costs associated with this poor performance, it also damages the prospects for AI adoption: future initiatives may be reviewed or cancelled in light of the lack of ROI.

Through better planning, careful consideration of the operational challenges and a rigorous, holistic implementation strategy, you can increase the percentage of successful PoCs in your organisation.

This breakfast briefing will specifically look at three areas to ensure your AI initiatives are successful:

1) Building the POC business case

2) Overcoming the operational, people and process challenges

3) Developing a rollout plan that achieves ROI

You’ll hear a case study of a successful London market POC and how it was implemented before participating in roundtable discussions to uncover best practices with your peers.

Topics to be covered include:

• What areas of insurance in the London market will you never be able to use AI for?
• Building a business case that takes into account the total cost of ownership
• Key criteria for a successful implementation plan
• Ensuring leadership and sponsorship from the top to drive adoption