Carrier Challenge: Adopting AI Quickly Enough

December 20, 2019 by Raghav Jaggi

The adoption of artificial intelligence is having a profound impact on many industries, including insurance. As it becomes more common, AI will also allow insurers to introduce new products, significantly reduce their risks and dramatically increase their services, efficiencies and returns.

The promise of AI has unsurprisingly prompted programmed aggregators and InsurTech startups to jump into the market. Legacy carriers that have been traditionally slow to adopt new technologies are taking notice.