IDC Perspective: Unveiling GenAI Value Streams in Insurance

Executive Snapshot

• Figure: Executive Snapshot: The Generative AI Monetization Road Map in Insurance

Situation Overview

• Figure: The AI Everywhere Chapter in the Digital Business Era

• What's in it for Insurers?

• Figure: Blueprint of Desired Features for Insurers in GenAI

• What's Holding Insurers Back?

• Figure: GenAI Adoption Challenges in Insurance

• Generative AI Value Streams for Insurers

• Figure: GenAI Paths for Value Creation

• Figure: Generative AI Value Streams for Insurers

• Table: Generative AI Value in Insurance: Revenue Generation Value Path Program and Use Cases

• Table: Generative AI Value in Insurance: Cost Savings & Efficiency Value Path Programs and Use Cases

• Table: Generative AI Value in Insurance: Risk Exposure Mitigation Value Path Programs and Use Cases

• Generative AI Insurance Maturity Scorecard

• Figure: GenAI Maturity Scorecard in Insurance

• How Can Insurers Take Advantage of Generative AI?

• Figure: The GenAI Insurance-Specific Monetization Road Map

• Horizon 1 (Short Term = <1 year): Incremental Innovation

• Horizon 2 (Medium Term = 2-3 years): Disruptive Innovation With Human in the Loop

• Horizon 3 (Long Term = 3-5 years): New Business Model High-Value Creation

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