Why AI In Insurance Is The Key To Survival

April 5, 2022 by Ira Scharf

It took less than a decade for artificial intelligence to enter every sphere of public life. Its impact is felt in everyday tasks as well as the business-critical applications that underpin our economy.

Insurance is one of these areas, with providers increasingly leveraging AI to understand risk and reduce costs. Examples within the consumer field include “black box” telematics platforms that allow providers to gather all the relevant data points necessary to understand someone’s driving style and adjust their premiums. 

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Originally Posted at InsuranceNewsNet on April 1, 2022 by Ira Scharf.