Reported about 19 hours ago
At Berkshire Hathaway's annual meeting, Vice Chairman Ajit Jain reported that Geico has made significant advancements in technology, particularly in pricing insurance risks and telematics. Despite a workforce reduction of over 2,300 jobs, Geico showed substantial improvements in 2024, suggesting the company is becoming a more focused competitor, although Jain acknowledged that more work remains to catch up with rivals in data analytics by the end of 2025.
Source: YAHOO