AI & Machine Learning

Due to advances in AI, properly built algorithms using approved data sources can produce accurate life insurance quotes in only five minutes.

Insurance carriers stand on the verge of a transformative era fueled by AI's promises of personalized services, predictive analytics, and enhanced productivity, aligning with evolving customer expectations.

Personalized medicine and targeted therapies are becoming a reality, thanks to AI's ability to analyze vast amounts of genetic and molecular data.

Organizations only insure about 19% of their information assets, vs. 60% of physical assets -- even though losses are far more likely on information assets.

With AI handling data processing, information retrieval and automated recommendations, underwriters can reinvent their role.

Apple's recent ad for a new iPad shows what happens when executives fall in love with technology and forget about people. 

Integrating AI into insurance technology would allow for continuous risk assessment and, thus, adjustment of premiums. 

A broad survey found that 77% of senior executives said they are in some stage of adopting AI, up 16 percentage points from a year ago.