Can agentic AI (finally) modernize core technologies in insurance?
Insurers have spent decades avoiding core tech overhauls. Agentic AI might finally force their hand.
Why it matters
As agentic AI matures, legacy-heavy industries like insurance face a critical decision: use AI agents to modernize entrenched systems or risk competitive disruption. This is a strategic inflection point for enterprise tech adoption.
The key facts
8 to knowMcKinsey analysis on agentic AI adoption in insurance sector
Focus on legacy system modernization as business driver
Agentic AI positioned as solution to long-standing industry challenge
Published Apr 29 2026 - forward-looking strategic commentary
Agentic AI positioned as solution to long-standing core tech modernization blockers in insurance
McKinsey analysis targets financial services decision-makers
Published April 2026 — forward-looking industry analysis
Focus on enterprise transformation strategy rather than product/model capability
Go to the source
McKinsey Insightsmckinsey.com
Publisher excerpt: Insurers have long understood the need to transform their core technologies. So, why haven’t they? Agentic AI may finally make the difference.