Artificial intelligence (AI) is set to turn the insurance industry on its head, with 75 percent of insurance executives agreeing that it will significantly transform their industry in the next three years.

This percentage is likely to grow as more and more companies continue to obsess over achieving "digital transformation" —  the integration of digital technology into all areas of a business, creating fundamental changes to how the business operates and, most importantly, how it delivers value to its customers. 

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