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Insurance and artificial intelligence

From per­son­alised poli­cies and claims adju­di­ca­tion to under­writ­ing and fraud detec­tion, the insur­ance indus­try has a lot to gain over the next sev­er­al years, as AI becomes more sophis­ti­cat­ed and wide­ly
applic­a­ble. Although AI deploy­ment gives rise to a num­ber of risks, the ben­e­fits to com­pa­nies and cus­tomers are enough to jus­ti­fy the industry’s opti­mism and increased AI spend­ing