Gallagher launches AI-powered insurance program optimization platform

Insurance brokerage firm Gallagher (NYSE: AJG) launched Gallagher Blueprint, a platform that combines artificial intelligence analytics with the company's data and specialist expertise to help clients optimize their insurance programs.

The platform generates Risk Profile Scores, which measure how a client's risk and insurance program compare to industry best practices and peer benchmarks. These scores inform renewal strategies and identify actions to reduce risk and improve outcomes.

"Gallagher Blueprint is a gamechanger for our clients," said Pete Doyle, CEO of Gallagher's US retail brokerage. "By combining AI-powered insights with our proprietary data and our specialists' expertise, we ensure clients have the best program available in the market."

The framework aligns a client's insurance strategy, risk management priorities and budget into customized action plans. Steve Rhee, Global Chief Digital Officer at Gallagher, said the AI technology accelerates analysis so specialists can focus on strategy tailored to each client's operations and exposures.

Gallagher Blueprint delivers recommendations through the proprietary Risk Profile Score, which Gallagher specialists interpret and apply to strengthen underwriting conversations and identify targeted risk reduction actions.

The platform aims to provide clients with clear steps to optimize coverage and manage costs while ensuring their insurance program aligns with their business goals. The information comes from a company press release.

Gallagher describes itself as one of the world's largest insurance brokerage and risk management firms, with more than 70,000 employees globally.

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