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AI adoption in insurance accelerates, but ROI pressures loom: KPMG

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AI adoption in insurance accelerates, but ROI pressures loom: KPMG

What are the three phases of value?

According to KPMG, the “enable” phase emphasizes building AI foundations by appointing responsible executives, creating AI strategies, identifying high-value use cases, increasing AI literacy, and ensuring regulatory alignment. This phase also involves launching AI pilots, utilizing cloud platforms, and leveraging pre-trained models with minimal customization.

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