AI and quantum computing could transform the protection gap: Swiss Re

Fundamentally, the cost of producing insurance products remains too high—but this could be transformed by evolving technologies, including generative artificial intelligence (gen-AI) and quantum computing. This will in the long term allow the industry to automate activities that today require human intervention, look at a significant amount of data and derive conclusions, and consequently to assess and price risk better. All this could help the industry in closing the protection gap.