IDEAS home Printed from https://ideas.repec.org/a/gam/jadmsc/v14y2024i9p190-d1464037.html
   My bibliography  Save this article

Three Horizons of Technical Skills in Artificial Intelligence for the Sustainability of Insurance Companies

Author

Listed:
  • Julio César Acosta-Prado

    (Department of Engineering, Pontifical Catholic University of Peru, Lima 15088, Peru)

  • Carlos Guillermo Hernández-Cenzano

    (Department of Engineering, Pontifical Catholic University of Peru, Lima 15088, Peru)

  • Carlos David Villalta-Herrera

    (Systemic Planning Research Group—PLANSYS, Pontifical Catholic University of Peru, Lima 15088, Peru)

  • Eloy Wilfredo Barahona-Silva

    (Systemic Planning Research Group—PLANSYS, Pontifical Catholic University of Peru, Lima 15088, Peru)

Abstract

Insurance companies are experiencing unprecedented growth due to several emerging technology functionalities that have transformed the industry’s operations. Through the Three Horizons framework, this study explores the technical skills required to use artificial intelligence (AI) for the sustainability of insurance companies. Methodologically, it was carried out in two stages: First, defining the state-of-the-art, which included analysis of the current situation and studying technological surveillance. Second, technical skills and their strategic prevalence were identified for the design of each horizon. As a result, the adoption of AI in insurance companies allows them to transform their personal and data-intensive processes into engines of efficiency and knowledge, redefining the way companies in the sector offer their services. This study identifies the immediate benefits of AI in insurance companies. It provides a strategic framework for future innovation, emphasizing the importance of developing AI competencies to ensure long-term sustainability.

Suggested Citation

  • Julio César Acosta-Prado & Carlos Guillermo Hernández-Cenzano & Carlos David Villalta-Herrera & Eloy Wilfredo Barahona-Silva, 2024. "Three Horizons of Technical Skills in Artificial Intelligence for the Sustainability of Insurance Companies," Administrative Sciences, MDPI, vol. 14(9), pages 1-18, August.
    • Handle: RePEc:gam:jadmsc:v:14:y:2024:i:9:p:190-:d:1464037
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2076-3387/14/9/190/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2076-3387/14/9/190/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Laure Rousset & César Ducruet, 2020. "Disruptions in Spatial Networks: a Comparative Study of Major Shocks Affecting Ports and Shipping Patterns," Post-Print halshs-02588551, HAL.
    2. Laure Rousset & César Ducruet, 2020. "Disruptions in Spatial Networks: a Comparative Study of Major Shocks Affecting Ports and Shipping Patterns," Networks and Spatial Economics, Springer, vol. 20(2), pages 423-447, June.
    3. Corina Pelau & Irina Ene & Mihai-Ionut Pop, 2021. "The Impact of Artificial Intelligence on Consumers’ Identity and Human Skills," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 23(56), pages 1-33, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yao He & Yongchun Yang & Meimei Wang & Xudong Zhang, 2022. "Resilience Analysis of Container Port Shipping Network Structure: The Case of China," Sustainability, MDPI, vol. 14(15), pages 1-17, August.
    2. Guerrero, David & Letrouit, Lucie & Pais-Montes, Carlos, 2022. "The container transport system during Covid-19: An analysis through the prism of complex networks," Transport Policy, Elsevier, vol. 115(C), pages 113-125.
    3. Ferrari, Claudio & Persico, Luca & Tei, Alessio, 2022. "Covid-19 and seaborne trade: The Italian perspective," Research in Transportation Economics, Elsevier, vol. 93(C).
    4. Zhou, Yusheng & Li, Xue & Yuen, Kum Fai, 2022. "Holistic risk assessment of container shipping service based on Bayesian Network Modelling," Reliability Engineering and System Safety, Elsevier, vol. 220(C).
    5. Marc-Antoine Faure & Bárbara Polo Martin & Fabio Cremaschini & César Ducruet, 2024. "Shipping Trade and Geopolitical Turmoils: The Case of the Ukrainian Maritime Network," EconomiX Working Papers 2024-24, University of Paris Nanterre, EconomiX.
    6. J. Verschuur & E. E. Koks & J. W. Hall, 2022. "Ports’ criticality in international trade and global supply-chains," Nature Communications, Nature, vol. 13(1), pages 1-13, December.
    7. Olabisi Michael Olapoju, 2023. "Appraising the impact of COVID-19 on trading volume of selected vessel types in sub-Saharan Africa," Journal of Shipping and Trade, Springer, vol. 8(1), pages 1-12, December.
    8. Xu, Mengqiao & Deng, Wenhui & Zhu, Yifan & LÜ, Linyuan, 2023. "Assessing and improving the structural robustness of global liner shipping system: A motif-based network science approach," Reliability Engineering and System Safety, Elsevier, vol. 240(C).
    9. Dirzka, Christopher & Acciaro, Michele, 2022. "Global shipping network dynamics during the COVID-19 pandemic's initial phases," Journal of Transport Geography, Elsevier, vol. 99(C).
    10. Liu, Qing & Yang, Yang & Ng, Adolf K.Y. & Jiang, Changmin, 2023. "An analysis on the resilience of the European port network," Transportation Research Part A: Policy and Practice, Elsevier, vol. 175(C).
    11. César Ducruet, 2020. "The geography of maritime networks: A critical review," Post-Print halshs-02922543, HAL.
    12. Pelau Corina & Barbul Maria, 2021. "Consumers’ perception on the use of cognitive computing," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 639-649, December.
    13. Muhammad Waqas Farooq & Dr. Khawaja Hisham Ul Hassan & Faiza Nawaz, 2024. "Integrating Qualitative and Quantitative Approaches: The Impact of AI Design on Consumer Perception and Buying Behavior in the FMCG Sector," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 775-786.
    14. Wu, Min & Wang, Nanxi & Yuen, Kum Fai, 2023. "Can autonomy level and anthropomorphic characteristics affect public acceptance and trust towards shared autonomous vehicles?," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    15. Ducruet, César, 2020. "The geography of maritime networks: A critical review," Journal of Transport Geography, Elsevier, vol. 88(C).
    16. Andreea Simona Saseanu & Rodica-Manuela Gogonea & Simona Ioana Ghita, 2024. "The Social Impact of Using Artificial Intelligence in Education," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 26(65), pages 1-89, February.
    17. Ruitao Li & Chuanxian Li & Shijun Guo, 2024. "The Impact of Artificial Intelligence on Labor Market: Evidence from China," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 26(67), pages 867-867, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jadmsc:v:14:y:2024:i:9:p:190-:d:1464037. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.