** Brokerage firm Jefferies is upbeat on Insurance Australia Group IAG.AX after the firm highlighted focus on artificial intelligence in its annual investor briefing
** Jefferies says company's investment in GenAI tech will rapidly improve claims processing times
** Increases price target for IAG to A$8.35 from A$7.85; maintains "hold" rating
** Six of 12 analysts rate the stock "buy" or higher and six "hold"; their median PT is A$8.13 — LSEG
** IAG up 50.7% YTD, as of last close
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))
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