LIMRA’s Artificial Intelligence Governance Group Offers New Tools and Resources to Help Companies With AI Adoption

WINDSOR, Conn., Feb. 11, 2025 — LIMRA’s AI Governance Group (AIGG) continues to lead efforts to help U.S. life insurance companies safely and effectively implement artificial intelligence (AI) into their businesses with the launch of Turnkey Templates & Strategic Guides.

Whether developing AI in-house or with a vendor, these resources are designed to help companies make informed decisions regarding AI adoption. These turnkey frameworks include comprehensive cost benefit analysis templates that can help leaders identify the potential benefits and risks of the various strategic paths when considering AI. The AIGG plans to release several more industry frameworks in 2025.

“By helping firms understand how AI can improve efficiencies, achieve cost savings, enhance automation and boost productivity, LIMRA wanted to ensure that any organization can find success with the safe, scalable and effective AI implementation,” said Kartik Sakthivel, LIMRA and LOMA chief information officer. “Working in collaboration with leaders across the industry, these new tools leverage the learned experience and best practices that prioritize fairness, accountability and transparency, and collaboratively address common industry challenges associated with implementing AI.”

AI has the potential to transform the financial services sector, modernizing organizational processes and offering significant opportunities to improve the customer experience. This is just the latest AIGG effort to create a foundation for sustainable and inclusive AI practices to improve the life insurance industry.

LIMRA’s AIGG draws expertise from over 100 business and technology executives representing more than 50 U.S.-based member insurance companies. The group’s goals are to:

educate its members about the current state of AI in the industry
provide a forum for open and collaborative discussion about the most effective uses for the technology
establish industry benchmarks, and
advance the efforts to enhance the customer experience while improving productivity and profitability.

For more information and research about AI and the life insurance industry, visit: LIMRA’s Artificial Intelligence page.

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About LIMRA
Serving the industry since 1916, LIMRA offers industry knowledge, insights, connections and solutions to help more than 700 financial services member organizations navigate change with confidence. Visit LIMRA at www.limra.com.