How AI is Transforming Insurance

Kapil Marwah

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Data is the new oil. Insurance companies that have long relied on traditional business practices are finding technology necessary to tap into the power of their data for understanding trends, gleaning customer insights, and making informed decisions. The Internet of Things, artificial intelligence (AI) and data mining are now in the realm of possibility.

How can insurance professionals make sense of the rapidly evolving technological developments that are transforming the insurance industry? In this paper, you’ll find practical uses for AI in insurance, fields of application across the value chain, and challenges versus opportunities in adopting AI.