Almost all insurance companies use AI to some extent. Accounting systems are often built on the basis of IT solutions from SAP, the most popular is the SAP S4 / HANA system with built-in machine learning / AI functions. The use of such technologies by Western insurers is a necessity, because in order to prepare reports in accordance with international IFRS standards, their systems must be able to process huge amounts of data in a short time, or even better - “on the fly”; at the same time, it is ...