The insurance industry is undergoing a profound transformation driven by artificial intelligence. Instead of layering AI onto existing processes, a new approach is emerging—one that rebuilds insurance from the ground up using AI as the foundation.InsurTech Amplified welcomed Onur Gungor, the Founder and CEO of Allegory, who is reimagining the insurance industry by building it from first principles—with artificial intelligence at the core.

This involves modeling every aspect of the value chain, from underwriting and pricing to claims handling and customer service, as interconnected workflows that can be managed by intelligent agents. These agents don’t just automate tasks—they coordinate, learn, and support human decision-makers by providing real-time data, context, and summaries. This fusion of actuarial thinking and AI results in systems that are faster, more efficient, and capable of scaling into underserved regions and emerging markets.

However, even with advanced automation, there are essential roles that only humans can fill. Empathy, intuition, and ethical judgment remain core to meaningful customer interactions, especially in moments of crisis or distress. While AI can process massive amounts of data and generate new solutions rapidly, it still requires human oversight to guide, interpret, and ensure that outcomes align with values. The future of insurance is not about replacing people with machines but empowering them with tools that make their work more impactful, accurate, and compassionate.