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How the Insurance industry is leveraging AI

#Insurance is one of the most critical industries there is; it is what saves people and organizations from falling into financial trouble after a crisis or an unforeseen event. However, it is often deemed as the least innovative industry with outdated processes, time-taking procedures and delays, legacy IT systems, and many dissatisfied and even disgruntled customers.

 

How is AI used in the insurance industry?

1.Risk Evaluation

2.Underwriting

3.24×7 assistance to insurance shoppers

4.Increase conversions by human agents with chatbots as live agent assistants

5.Onboarding Assistant

6.Claims Management

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Uploaded on February 24, 2021