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.
Industry in Transition: The Forces Reshaping Manufacturing
As manufacturers offer more customization than ever before, managing product complexity has become a critical challenge. Tune in with Dan Joe Barry, Vice President of Product Marketing at Configit, who explores how companies are tackling the growing number of product configurations across engineering, sales, manufacturing, and service. He explains how Configuration Lifecycle Management (CLM) helps organizations maintain a single source of truth for configuration data. The result: fewer errors, faster quoting, and the ability to deliver customized products at scale.
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