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How are MGAs working with AI and
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analytics to improve the coverage?
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Well, 40% if you look sort of globally,
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40% of MGAs will sort of say that
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they've invested in AI. Okay. So, uh the
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first point I would make is that
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investment in AI has to be don't write a
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check to actually fully understand from
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a business perspective that what you
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want that technology and AI to do for
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your business. uh there's too many cases
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where people have already written checks
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and then had to work out what have we
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written this check for. So I think
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that's that's quite an important sort of
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council message if I may I may give one.
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But what one example say so some of our
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members are using AI where they will
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triage presentations from brokers uh
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that will triage and actually the AI
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will actually uh basically ingest that
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that inquiry but only present to the
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underwriting community the underwriting
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information required to actually look at
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that particular risk and and price it.
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So instead of the underwriting community
0:59
having to effectively go through let's
1:02
say a 30page presentation the AI will
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actually sort of uh from an operational
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perspective triage that and that that in
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in some examples with members that's
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increased underwriting productivity by
1:15
So so it it works for the works for the
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customer to your point works for the
1:19
broker works for the MGI. So, so that's
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just a uh you know one one example where
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AI has been particularly uh relevant.
