AI adoption in insurance is rising, but most insurers remain in early stages of readiness. A study of 35 life, annuity, benefits, and P\&C insurers found no firm rated itself fully prepared in any category. Readiness hinges on five core areas: strategic intent, resource investment, feature engineering, model training, and model management. While many firms are still evaluating their approach, those delaying AI efforts risk falling behind. The report emphasizes that successful execution requires early strategic planning, adequate investment, and a framework to guide AI integration across operations.

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