AIG CEO warns AI integration strains property and casualty insurers

AIG: AIG is a leading global general insurance company. Its CEO Eric Andersen, who assumed the role in June 2026 after joining earlier that year, has publicly addressed the insurance sector's response to artificial intelligence advancements. The company is advancing AI integration into core functions such as underwriting and claims handling. Eric Andersen: Eric Andersen is President and Chief Executive Officer of AIG, having taken on the role in June 2026. In recent industry discussions, he described artificial intelligence as creating substantial opportunities for insurers while also straining property and casualty operations due to investment demands. He has noted the emergence of a gap between AI adopters and non-adopters in the sector. AI Adoption: Property and casualty insurers are shifting from experimental AI pilots to production deployments across their operations in 2026. Industry Divide: A gap is emerging between insurance companies that have made significant AI investments and those that have not. Operational Applications: AI is being applied in property and casualty insurance for tasks including risk assessment, claims processing, and underwriting decision support.