For a long time we've understood that computers can do certain things better than humans. Math instantly comes to mind, as do repetitive tasks that don't require creativity or advanced problem solving.
Knowing just what humans are good at and actually want to do versus what computers and artificial intelligence (AI) should perform is the next frontier for many industries, including insurance. AI will make our jobs and lives easier, if not richer. We'll focus on what actually matters instead of what has to get done.
We are already seeing this take place with AI and computer vision transforming property and casualty insurance claims. AI already has three core value adds that will transform the insurance industry. But first, let's examine what I mean by AI for insurance.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
