The dream of a 20-year-old artificial intelligence could come to an end: artificial intelligence will take control of our insurance
A recent McKinsey analysis shows that artificial intelligence can fundamentally transform the economic structure of the insurance industry. After a period of stagnation, the technology can unleash forces that globalization and digitalization could not. The role of the insurance sector globally is shrinking, while the risk environment becomes more complex. AI creates new risks, but also provides tools for targeting previously inaccessible markets. The Portfolio Future of Finance 2026 conference will delve deeper into this topic.
Artificial intelligence can fundamentally transform the structure of the insurance industry, according to a recent McKinsey analysis. The consulting firm argues that, after two decades of relative stagnation, technology can mobilize forces that globalization, digitalization, and the rise of the platform economy have not been able to move effectively. The global significance of the insurance sector is gradually decreasing, while the risk environment is becoming increasingly complex. Artificial intelligence can play a dual role: on the one hand, it creates new, previously uninsurable risks, and on the other hand, it provides the industry with tools to finally target previously inaccessible markets. Both the opportunity and the danger are real. We will be discussing the topic in a special interview at the upcoming Future of Finance 2026 conference, don’t miss it!
