Around 45% of consumers feel comfortable with their insurer using AI to monitor and provide real-time alerts about severe weather risks.
However, 42% of consumers express concern about how the accuracy of AI predictions could affect their premiums or coverage.
Only 26% of consumers trust AI-generated early warnings more than traditional forecasts, and just 20% consider it important for their insurer to use AI to predict and mitigate severe weather risks.
Insurers need to prioritize transparency, accuracy, and education to build trust with consumers and leverage the potential benefits of AI in managing severe weather events.