LCP's actuarial and analytics platfrom, InsurSight, has taken a leading stance in artificial intelligence-driven modelling, producing the only cloud-native actuarial platform built from the ground-up to harness AI and advanced analytics.

The platform is supporting over 30 insurers across more than £200bn($270bn) of reserves, allowing clients to reduce the time needed to spot emerging trends, and report 85% time savings.

LCP has focused on embedding AI into key parts of the reserving process, delivering time savings by automating exclusions for distorted or unreliable development patterns.

The actuarial modelling solution includes AI-driven detection, enabling insurers to understand portfolio trends at every level of granularity required. Customers can also customise their experience according to their data analysis needs, including by producing dashboards that update in real-time, enabling an all-in-one solution for diagnostics and trend identification.