Insurers pivot AI strategy toward core risk underwriting

Insurers are shifting their focus on AI from general efficiency to directly impacting risk underwriting and capital allocation decisions. The 2026 Evident AI Index highlights that AI technologies are now embedded in workflows that influence these core areas, signaling a significant change in strategy. This pivot is crucial as it moves beyond initial AI ambitions and aims to generate tangible business value, potentially reshaping how insurance companies assess and manage risk. This shift could lead to more accurate underwriting, better risk assessment, and ultimately, more competitive insurance offerings.