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Evening Standard
Evening Standard
Technology
Anna Wise

Axa bets on AI and automation to deliver boost of up to £600 million

Axa Euro
Axa has said accelerating its use of AI could deliver a boost of as much as 700 million euros (Alamy/PA) -

Insurance firm Axa has said accelerating its use of AI could deliver a boost of as much as 700 million euro (£599 million) to help automate processes such as underwriting, claims management and customer contact.

The French company unveiled a new growth strategy which it hopes will bolster its earnings and make it more competitive in the insurance market.

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