Strategic Focus on AI and Technology Investments in Underwriting
AXIS is in the 'fifth inning' of AI adoption, with ongoing investments across the organization.
The company is leveraging AI to enhance underwriting efficiency, automate processes, and improve risk selection.
Progress includes AI-powered services in North American underwriting, automated clearance capabilities, and third-party data integration.
Management emphasizes that their AI strategy is rightsized and aimed at sustained profitable growth, with tangible improvements in quote, bind, and turnaround times.
Product Innovation and Technology Investment Strategy
Remitly is investing in AI, stablecoins, and new product features like bulk payouts, recurring payments, and vertical-specific onboarding to expand its platform capabilities.
Technology and development expenses grew 15% YoY, with over 93% of transactions disbursed in under NR and 97% completed without support contact, demonstrating operational excellence.
The company emphasizes disciplined investment in innovation while maintaining efficiency, with a focus on long-term growth and customer trust.
Dafinchi