AI adoption into insurance is accelerating as businesses optimise processes to improve outcomes while streamlining headcounts, with claims in particular being impacted. As a result, despite a year where the sector saw record profits, vacancies have fallen by 11.7% in 2024 compared to the year before.
The Government initiative to invest in AI-related infrastructure is at a time when the industry is accelerating away and while the UK remains a global leader, the planned investment will facilitate further growth and hiring.
The combination of increased investment in AI, political shifts in the UK and falling interest rates has made 2024 a pivotal year for the finance sector.
A new year brings a new government, in both the UK and the USA, with significant policy shifts in both countries.
Trump has spoken. Not only to Putin, but in Munich, to the European community also. For European leaders, the notion that a resolution on Ukraine could be negotiated solely between the United States and Russia—without their involvement—is entirely untenable. This is particularly concerning given that the U.S. has explicitly stated it does not perceive itself as a military guarantor post conflict.
