Wipro Limited has informed the Exchange regarding a press release dated Jun 12, 2025, titled "U.S. Insurers to More than Double AI Investment in the Next 3-5 Years: Wipro Report".
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Wipro released a research report titled 'The AI Advantage: Building Tomorrow's Insurance Enterprise' based on a survey of 100 leaders at U.S. insurance firms with revenues over $500 million. Key findings: 81% of insurers plan to increase AI spending within the next year, and most expect AI budgets to more than double from 8% to 20% of IT spend over the next 3-5 years. 92% of respondents view AI as essential for competitive edge in customer experience. However, adoption is uneven — only 46% have extensively rolled out AI in underwriting, and 71% cite difficulties integrating AI with legacy systems. About 21% of insurers (and 44% of smaller firms) still lack formal AI usage policies.
This is a thought-leadership press release rather than a material business event, so direct stock impact is limited. However, it reinforces Wipro's positioning in the high-growth AI services space for the U.S. insurance sector, which could support its pipeline of consulting and digital transformation deals over the medium term.