➔ White Paper
Life & Annuity AI White Paper

McKinsey estimates that AI can create new economic value equal to almost 25% of revenue for individual insurers. However, like many other stages in our industry’s technological journey, AI is suffering from a common challenge - operating in harmony with legacy systems.

We’ve identified three foundational challenges that if successfully addressed can help to release the full potential of AI.

In this piece we discuss the following AI challenges and provide best practices for solving them:

• Securing access to data from legacy systems and transforming it into usable formats for AI models

• Orchestrating workflows to complete AI-triggered events and transactions across systems

• Maintaining histories of training and transaction data to validate safe and compliant AI use

“The life & annuity AI value chain is only as strong as its weakest link. To fully realize the benefits of AI, our industry needs to ensure our backend systems are able and ready to support it.”

‐ Brian Mulconrey, Sureify’s SVP of Customer Strategy