Instant Insights / Artificial intelligence in insurance

Artificial intelligence offers the insurance industry exciting new services, solutions and risks.

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How AI plus behavioral economics are transforming insurance

By using psychological incentives, insurers now have the tools to encourage some policyholders to minimize their risks and reward them for doing so.

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Whether insurers can successfully mine InsurTech treasures and forge them into something useful will depend on how well organized they are in formulating and executing a comprehensive strategy to develop and integrate new technologies across their organization.

Innovations that will shape the future of the property and casualty insurance industry are found at the bleeding edge of technology.

Today, that edge is artificial intelligence (AI) and the data analytics used to reduce risk, and better yet, predict the future with rising precision.

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