BMA looks to lead as AI drives ‘profound transformation’ in financial services

Technological advancements in artificial intelligence (AI) algorithms are dramatically changing the business landscape, and re/insurance is no exception. What is more, the pace of change is being driven by increasing levels of investment into the sector. Q1 2025 AI funding levels reached a record $66.6 billion, a 51% quarter-on-quarter increase, according to CB Insights ‘State of AI Q1’25 Report.