AI has already had a tremendous impact on the insurance industry and is transforming how insurers are approaching their entire business model.
From claims processing to underwriting, there are innumerable opportunities for AI to drive efficiencies, better predict risk and drastically improve the customer experience. Given the wealth of data that exists, it is hard to think of a more consequential technology to disrupt the insurance industry.
The companies that adopt AI as foundational and core to their processes will create a significant and unstoppable competitive advantage.