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Nearly Half of Consumers Feel Comfortable with Insurers Using AI to Monitor Severe Weather Risks, but Concerns About Premiums Remain High, Insurity Survey Finds

  • 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.

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