With the integration of technologies like artificial intelligence, advanced analytics, and machine learning from distribution to claims to underwriting, the age of digital insurance is here.
The insurance industry is now in a race to catch up with all the possibilities digitalisation, specifically, artificial intelligence has to offer to both the insurers and the insured. Artificial intelligence - AI, is one of the key components of the digital age of insurance and this article will discuss:
1. How AI will shape the future of insurance underwriting.
2. What the future holds for the insurance industry with AI.