Data and Artificial Intelligence (AI) are becoming essential tools for insurers. By harnessing the power of these technologies, insurers can improve efficiency, reduce costs, and provide a better customer experience.
How are Data and AI Used in Insurance?
- Underwriting: AI can analyze vast amounts of data to assess risk profiles more accurately. This can lead to faster underwriting decisions and fairer pricing for customers.
- Claims Processing: AI algorithms can process claims efficiently, streamlining the
