Underwriting and risk profiling as a key insurance area poised for AI advancement

Core Insights - Nearly 50% of respondents in a 2025 poll believe that underwriting and risk profiling will be the insurance value chain areas most positively impacted by AI over the next five years [1] - Allianz has launched BRIAN, a generative AI-powered tool aimed at enhancing efficiency and speed in commercial underwriting operations [1] Group 1: AI Impact on Insurance - A GlobalData poll conducted in Q3 2025 found that 45.8% of participants identified underwriting and risk profiling as the sectors within the insurance value chain most likely to benefit from AI, indicating confidence in AI's potential to streamline decision-making and improve pricing accuracy [2][4] - The implementation of AI tools like BRIAN can alleviate the burdens of traditionally manual processes, allowing underwriters to focus on higher-value tasks such as risk analysis and pricing refinement [6] Group 2: Allianz's BRIAN Tool - Following a successful pilot phase involving nearly 3,000 questions from 190 users, Allianz's BRIAN is now fully operational and has been rolled out to additional underwriting teams, saving approximately 135 working days in information gathering since its launch in January 2025 [5] - BRIAN's capability to provide accurate and consistent responses is particularly beneficial for junior underwriters, accelerating their learning and fostering consistency in decision-making across the organization [5] Group 3: Future Considerations for Insurers - Other insurers are encouraged to experiment with AI in high-impact areas of the value chain, by piloting new tools, measuring productivity gains, and scaling successful solutions to maintain competitiveness as AI becomes a vital differentiator in underwriting and customer service [6]