03.27.26

AI Adoption Accelerates in Life Insurance Underwriting

by: Camille Lisay

AI adoption is accelerating in life insurance underwriting, with nearly half of insurers already using it and about 20% fully integrating it into daily workflows, according to Pacific Life survey results. Most firms are leveraging AI to improve efficiency and data usage, particularly to speed up underwriting decisions, though fewer see it as transforming core risk assessment. Adoption remains uneven, with many still in pilot stages. At the same time, the industry faces a growing talent shortage, with 70% of executives concerned about workforce gaps driven by an aging talent pool and difficulty attracting younger professionals.

Read the full article on Insurance Business