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.
Women Powering Manufacturing: Breaking Barriers
Magen Buterbaugh is the President & CEO at Greene Tweed. Listen to her insights on her ambition to be a lawyer and how her math teacher suggested she consider chemical engineering. Now with several accolades to her name including being honored as one of the 2020 Most Outstanding Engineering Alumnus of Penn State and a Board Member of National Association of Manufacturers (NAM) she has never looked back.
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