Encora | Digital Product & Software Engineering Provider

The Insurance Industry's AI Imperative: Act Now or Fall Behind

The era of AI pilots is over. Leading insurers are already leveraging AI to gain competitive advantage, reduce costs by up to 65%, and transform customer experiences. The question is no longer if you should deploy AI – it’s how fast can you scale it across your enterprise.

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What's Inside This Comprehensive Guide

Underwriting

Automate risk assessment with multi-agent AI systems that process unstructured data 70% faster with cognitive ingestion, while reducing processing costs by up to 30% through agentic workflow automation.

Product Development

Achieve straight-through processing for simple claims while reducing loss adjustment expenses by up to 30% and detecting sophisticated fraud patterns before payment.

Policy Administration

Cut operational costs by up to 65% with agentic workflow orchestration, reduce process turnaround times by 90%, and establish foundational data integrity with cognitive harmonization.

Claims Management

Achieve straight-through processing for simple claims, reduce loss adjustment expenses (LAE) by up to 30%, and detect sophisticated fraud patterns before payment.

Drag

80%

of common customer service issues resolved autonomously using agentic AI.

five-year growth than laggards was achieved by AI adopters in Insurance.

45%

more value by 2027, for insurers that integrate AI with FinOps.

42%

of insurers are already investing in AI.

Why This Guide Is Essential for Your AI Strategy

Industry-Specific Insights

Real challenges faced by insurance leaders, backed by independent data and industry research.

Actionable Framework

Clear roadmap for deploying AI across your entire insurance value chain, not just theoretical concepts.

Proven Solutions

Practical use cases demonstrating measurable business impact, from cost reduction to revenue growth.

Strategic Approach

Guidance on moving from pilot projects to enterprise-wide AI deployment that delivers sustainable competitive advantage.

Is This Guide Right for You?

This strategic resource is designed for:

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Get instant access to the full guide covering strategic insights, use cases, and actionable frameworks for AI deployment in insurance.

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About Our Insurance Practice

Encora helps the world's leading insurance companies be faster and hyper-adaptive through Industry contextual services across AI, Data and Cloud.

We work with Life and Non-Life carriers, brokers, and managing general agents (MGAs) around the world to drive contextual Engineering & Orchestration services that enhance Enterprise Composability in Insurance.

What Industry Leaders Are Saying

Howden

"Our experience with the Encora team has been exceptional. They're not just service providers; they are genuine partners. The collaborative spirit of our partnership has been invaluable.”

Mark Westgarth,

Managing Director

Howden

"Without a doubt, Encora is a partner that understandsthe importance of innovation and is equipped to helpother companies achieve their transformation goals."

Raj Sakaria,

Group Director for Enterprise Apps & Architecture

Connect With Our Insurance AI Leaders

Adrian Blidarus

President, Europe and Global Head of Insurance

Devam Ojha

Senior Director

Andrew Reader

Sales Director

Frequently Asked Questions

Is this guide relevant for both Life and Non-Life carriers?

Yes. The framework covers process areas applicable to all insurance sectors, including P&C, Life, Health, and specialty lines.

Do I need to have AI infrastructure in place to benefit from this guide?

No. The guide is designed for organizations at any stage of AI maturity, from exploration to enterprise-wide deployment.

How is AIVA different from other AI platforms?

AIVA offers insurance-specific agents, open architecture to avoid lock-in, and deep domain expertise combining AI capabilities with insurance industry knowledge.

What's the typical timeline for AI deployment in insurance?

With AIVA, organizations can move from concept to production in weeks rather than months, with enterprise-wide deployment scalable based on your strategic priorities.

How do you ensure AI governance and compliance?

AIVA includes built-in enterprise-grade security, compliance, and governance features, with embedded autonomous compliance agents that audit in real-time.