For London-based Evident, an intelligence platform that specializes in tracking AI adoption acro
ss financial services, measures of AI talent leaders include counts of AI specialists in carrier workforces and assessments of carriers’ AI development programs.
An AI talent score is one component of the Evident AI Index for Insurance—a metric developed by Evident to gauge the overall AI maturity of a selected group of large insurance and reinsurance firms.
The Evident AI Index considers evidence of AI maturity on four dimensions:
Talent, measuring the number and density of AI and data employees working at an insurer, as well
as visible initiatives to develop AI talent.
Innovation, capturing a measure of insurers’ long-term investment in AI innovation.
Leadership, measuring the degree of focus on AI from insurance company leaders.
Transparency, the extent to which insurers focus on responsible AI.
After calculating a combined score across all four pillars, Evident crowned Allianz the
AI maturity leader among 30 insurance companies it analyzed. Marking the second year of the publication of this ranking, Evident notes that Allianz leapfrog
ged last year’s top-ranked insurer, AXA, to claim this year’s top spot.
(Editor’s Note: The Evident report does not reveal overall AI maturity index values or pillar score
s for the insurance and reinsurance companies analyzed. It only displays rankings of the index values and pillar assessments.)
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The two “composite” insurers, writing both property/casualty and life insurance, also took the No. 1 and 2 spots when Evident ranked scores for the Talent pilla
r in isolation. The talent dimension of the overall Evident AI maturity score carries a 45% weight in the overall index calculations, the report reveals.
Below, Carrier Management has extracted the overall ranks and pillar ranks for the property/casualty insurers, composite insurers and reinsurers with the 10
best overall rankings based on Evident’s analysis. The complete Evident AI Index for Insurance ranking also includes analysis of 10 life insurers.
Focusing on the Talent pillar, the first chart in this article shows the top five AI talent leaders a
mong the companies that Evident tagged as either composite or P/C insurers, also led by Allianz and AX
A. According to the Evident report, Allianz has the largest AI talent pool in the industry—with 28% more AI professionals in its workforce than AXA by Evident’s count.
Offering some observations on talent across the insurance industry, the report says that while overall insurer employment across all functions has decline
d slightly, “the volume of AI-specialist roles expanded by 32% over the past year.”
In addition, the benchmarking firm reports that 11 of the 30 insurers included in the Index report have a “Chief AI Officer” or equivalent senior leadership position e
xplicitly related to AI—and that two-thirds of those leaders have been in post for less than one year.
