Reported 4 months 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