The digital revolution is reshaping the insurance industry, as AI allows companies to analyze large data sets and streamline operations.
Consumers and industry experts alike are anticipating the digital transformation in insurance, with 63% of insurers believing their business will be transformed by intelligent technologies and 74% of consumers agreeing that they’d be happy to get computer-generated insurance advice.
So what is AI? It’s technology that replaces human intelligence tasks with computerized systems. The four main AI technologies include:
AI will transform the insurance industry by improving fraud prevention, generating automated underwriting, creating tailored products, and streamlining current processes. Check out our visual from The Zebra below to discover the 6 insurtech startups putting AI into action.
Forging the Next 250 Years: Powering the Next Era of American Manufacturing
Brooklyn Army Terminal (BAT) began as a World War II-era military supply base. Today it is New York City’s largest publicly owned industrial campus, with 59 waterfront acres, more than 4 million square feet and over 100 businesses. In this episode of Industry Insights, Bridget Chansakul, Vice President of Leasing & Portfolio Management at NYCEDC, explains what space is available and what’s planned for the 250,000+ square feet of new industrial space in Building A. She also covers how the ferry, parking and on-site childcare help tenants hire and keep workers, along with workforce partnerships, City incentives for manufacturers and where BAT is headed next.
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