{"id":123264,"date":"2025-07-28T15:09:09","date_gmt":"2025-07-28T19:09:09","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/artificial-intelligence\/life-insurers-eye-ai-gains-in-costs-claims\/"},"modified":"2025-07-28T15:29:06","modified_gmt":"2025-07-28T19:29:06","slug":"life-insurers-eye-ai-gains-in-costs-claims","status":"publish","type":[3762],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/artificial-intelligence\/life-insurers-eye-ai-gains-in-costs-claims\/","title":{"rendered":"Life insurers eye AI gains in costs, claims"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0b0bf0ece50'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-7\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px; color: #0062dd;\">ARTICLE<\/span><\/strong><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">Life insurers eye AI gains in costs, claims<\/h1>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 50px !important\"\n    >\n<\/div>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/artificial-intelligence\/\" rel=\"category tag\">\n                    Artificial Intelligence\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/financial-services\/\" rel=\"category tag\">\n                    Financial Services\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/technology\/\" rel=\"category tag\">\n                    Technology\n                <\/a>\n            <\/li>\n            <\/ul>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-5\"\n    style=\"\"\n    >\n    <div id=\"\" class=\"wpb_content_element bbg-single-image align-left\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"796\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2025-07-28-at-12.26.50%E2%80%AFPM.jpg\" class=\"bbg-single-image__image attachment-full\" alt=\"Office buildings view\" title=\"Office buildings view\" \/>\n        \n            <\/figure>\n<\/div>\n\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0b0bf105714'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6 bbg-column--m-width-6\"\n    style=\"\"\n    >\n    <p>    <p class=\"bbg-metadata bbg-metadata--date\">July 28, 2025<\/p>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><strong>Bloomberg Intelligence<\/strong><\/p>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2 bbg-column--valign-middle bbg-column--m-width-2 bbg-column--s-padding-right-2\"\n    style=\"\"\n    >\n    <div class=\"bb-tts\"\n\tdata-selector=\"main\"\n\tdata-label=\"Speak this page\"\n\tdata-custom-play=\"Play\"\n\tdata-custom-pause=\"Pause\"\n\tdata-custom-stop=\"Stop\"\n\tdata-overlay=\"false\"\n\tdata-invert=\"false\"\n\tdata-no-time=\"false\"\n\tdata-no-button-text=\"false\"\n\tdata-one-button=\"true\"\n\tdata-one-style=\"true\"\n\tdata-hide-stop=\"true\"\n\tdata-voice=\"Gordon\"\n\tdata-pitch=\"1\"\n\tdata-speed=\"1\"\n\tdata-align=\"flex-start\"\n>\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a0b0bf10822c'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><i><span style=\"font-weight: 400;\">This article was written by Bloomberg Intelligence Industry Analyst Jeffrey Flynn. It appeared first on the Bloomberg Terminal.<\/span><\/i><\/p>\n<p>Life insurers are prime candidates to capitalize on surging spending on AI-tools given their data-heavy business models. The line from these investments to positive financial statement impacts is getting clearer to us, with obvious gains around service-center costs and claims-adjuster productivity emerging, particularly in worksite units. Canadian lifecos, Principal and other US large-cap peers stand out so far on progress.<\/p>\n<h2>Canadians, larger peers lead accelerating AI commentary<\/h2>\n<p>Mentions of AI and related synonyms by BI life insurer peers on earnings conference calls and presentations have unsurprisingly scaled up over the past several years, with peer-to-peer relative frequencies broadly in line with our anecdotal conclusions. In general, the data show Canadian life insurers, as well as certain larger-capitalization peers, discussing this topic more. This isn&#8217;t unexpected given some smaller and midsized peers, including RGA, Primerica, Globe, Genworth, Jackson and Brighthouse, likely have smaller IT budgets. But lower readings from Corebridge, Aflac and Equitable could suggest a somewhat earlier stage despite their relative scale.<\/p>\n<p>Voya\u2019s mentions were a bit higher than we expected based on our anecdotal review, while MetLife, Prudential, Principal and Lincoln were in the group&#8217;s top half.<\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"765\" height=\"351\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-1-BI-Life-Peers-Total-AI-Mentions-4-Year-Peer-Total.png\" class=\"bbg-single-image__image attachment-full\" alt=\"figure 1 - BI Life Peers Total AI Mentions, 4-Year Peer Total\" title=\"figure-1-BI-Life-Peers-Total-AI-Mentions-4-Year-Peer-Total\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-1-BI-Life-Peers-Total-AI-Mentions-4-Year-Peer-Total.png 765w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-1-BI-Life-Peers-Total-AI-Mentions-4-Year-Peer-Total.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-1-BI-Life-Peers-Total-AI-Mentions-4-Year-Peer-Total.png 192w\" sizes=\"auto, (max-width: 765px) 100vw, 765px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--margin-top-compact bbg-row--margin-bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a0b0bf10b857'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground: url(https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Interstitial_bg.png);\n\t\t\t\tbackground-repeat: no-repeat;\n\t\t\t\tbackground-position: center center;\n\t\t\t\tbackground-size: cover;\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:white;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Discover more with Bloomberg newsletters<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Subscribe now<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_8740207675384325860\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/newsletter\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0b0bf110910'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>IDC sees AI platform spending up 800% in five years<\/h2>\n<p>Surging outlays on AI platforms and associated gains in worker efficiency, along with expanding use cases and momentum on 2023-24 projects, could begin to ease life insurer&#8217;s already slow pace of general-expense growth by 2026. Based on IDC data, large US insurers may invest over $2.8 billion on AI platforms in 2028, an 800% rise vs. 2023. AI would then account for about 6% of their IT spending vs. 1-2% in 2023-24. Benefit ratios should also improve incrementally, but initial gains may be mostly in lines (disability, long-term care, dental) where complex medical patient\/claimant data can be better understood and organized.<\/p>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p>Since 2018, BI life peers&#8217; median annual growth in general expenses (including commissions) was 3%. This low pace reflects cost actions by a number of companies and the industry&#8217;s relatively slow growth.<\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"764\" height=\"547\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-2-Projected-US-Insurer-Spending-on-AI-Platforms-2023-28.png\" class=\"bbg-single-image__image attachment-full\" alt=\"figure 2 - Projected US Insurer Spending on AI Platforms 2023-28\" title=\"figure-2-Projected-US-Insurer-Spending-on-AI-Platforms-2023-28\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-2-Projected-US-Insurer-Spending-on-AI-Platforms-2023-28.png 764w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-2-Projected-US-Insurer-Spending-on-AI-Platforms-2023-28.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-2-Projected-US-Insurer-Spending-on-AI-Platforms-2023-28.png 151w\" sizes=\"auto, (max-width: 764px) 100vw, 764px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>Annual median employee growth of 1% may go lower<\/h2>\n<p>Average annual median employee expansion for US BI life-insurer peers since 2018 was just 1%, and it&#8217;s possible it could be flat or even slightly negative over the next five. In general, the group&#8217;s businesses are gradually trending toward institutional-focused areas, including benefits and asset management, which can be less service-intensive vs. retail. Also, the bar for acquisitions &#8212; often compared against buybacks &#8212; is high while increasing spending on AI should drive efficiency gains, easing staff needs in some areas.<\/p>\n<p>It&#8217;s potentially notable that in 2024, amid a favorable business backdrop, over half (53%) of peers had fewer employees vs. 2023. This was the most since 2018 outside of 2021\u2019s 60%, which was likely elevated by the pandemic. The group\u2019s employee count ended 2024 at about 178,000, down 3% vs. 2018.<\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"767\" height=\"552\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-3-Summary-of-US-Life-Insurer-Employee-Count.png\" class=\"bbg-single-image__image attachment-full\" alt=\"figure 3 - Summary of US Life Insurer Employee Count\" title=\"figure-3-Summary-of-US-Life-Insurer-Employee-Count\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-3-Summary-of-US-Life-Insurer-Employee-Count.png 767w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-3-Summary-of-US-Life-Insurer-Employee-Count.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-3-Summary-of-US-Life-Insurer-Employee-Count.png 150w\" sizes=\"auto, (max-width: 767px) 100vw, 767px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>Lower target expense ratios begin to reflect AI support<\/h2>\n<p>Life insurers are already driving operational efficiency with AI, particularly at service centers, but this is likely to accelerate. Principal recently noted natural-language processing built into enhanced chatbots has helped cut phone-aided benefit verification in its millions of calls to 7% from 50%. Sun Life&#8217;s new Advisor Buddy in the Philippines deploys generative AI to support new advisors, ramping up service faster. Using its new gen-AI assistant called ChatMFC, Manulife, among others, is driving more task automation across its workforce.<\/p>\n<p>Companies aren\u2019t breaking out AI\u2019s contribution to improved expense targets, but it\u2019s a notable contributor, including at Manulife and MetLife. In 2024, the former cut its efficiency ratio goal 5 percentage points while MetLife trimmed its expense target to about 11% from 12%.<\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"764\" height=\"707\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-4-MetLife-New-5-Year-Plan-See-Expenses-Down-100-Bps.png\" class=\"bbg-single-image__image attachment-full\" alt=\"figure 4 - MetLife New 5-Year Plan See Expenses Down 100 Bps\" title=\"figure-4-MetLife-New-5-Year-Plan-See-Expenses-Down-100-Bps\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-4-MetLife-New-5-Year-Plan-See-Expenses-Down-100-Bps.png 764w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-4-MetLife-New-5-Year-Plan-See-Expenses-Down-100-Bps.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-4-MetLife-New-5-Year-Plan-See-Expenses-Down-100-Bps.png 117w\" sizes=\"auto, (max-width: 764px) 100vw, 764px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2>Long-term claim-adjuster productivity boost may surprise<\/h2>\n<p>AI tools are aiding life insurance underwriting by boosting claim examiners&#8217; productivity and accuracy, while driving added volume in some cases. By ingesting, organizing and summarizing complex documents, AI frees up time to work with policyholders. Prudential, Principal and Lincoln partner with Evolution IQ on disability lines, with digital agents identifying cases requiring human attention and spotting optimal return-to-work outcomes. Dental claims, including at Sun Life and Principal, are also being streamlined by AI. MetLife&#8217;s Upside platform that offers AI-driven, personalized recommendations is helping benefits utilization.<\/p>\n<p>Insurers with US group and disability units, such as MetLife, Sun Life, Unum, Lincoln, Principal, Voya and Aflac, may initially be best placed to garner an incremental underwriting boost from AI.<\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"763\" height=\"521\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-5-Leading-US-Worksite-Insurers-Key-Metrics.png\" class=\"bbg-single-image__image attachment-full\" alt=\"figure 5 - Leading US Worksite Insurers Key Metrics\" title=\"figure-5-Leading-US-Worksite-Insurers-Key-Metrics\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-5-Leading-US-Worksite-Insurers-Key-Metrics.png 763w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-5-Leading-US-Worksite-Insurers-Key-Metrics.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/figure-5-Leading-US-Worksite-Insurers-Key-Metrics.png 158w\" sizes=\"auto, (max-width: 763px) 100vw, 763px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none bbg-row--full-bg-bleed\" data-anchor='row-6a0b0bf11fd96'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div class=\"bbg-accordion transparent\">\n\t<input type=\"checkbox\"  id=\"bbg-accordion-toggle-6a0b0bf1211f2\">\n\t<div class=\"bbg-accordion-parent\" data-accordion-toggle aria-expanded=\"false\">\n\t\t<label class=\"bbg-accordion-label\" for=\"bbg-accordion-toggle-6a0b0bf1211f2\">\n\t\t\t\t<h5 class=\"bbg-accordion-title\" data-label=\"Disclaimer\">\n\t\tDisclaimer\n\t<\/h5>\n\n\t\t\t\t\t<\/label>\n\t<\/div>\n\t<div class=\"bbg-accordion-content\">\n\t\t<div class=\"bb-wysiwyg\">\n\t<p style=\"font-size: 16px !important; line-height: 24px;\">The data included in these materials are for illustrative purposes only. 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