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Artificial intelligence offers the insurance industry exciting new services and solutions. The burgeoning technology also carries new risks.

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Hurricane Ian destroyed homes in Florida residential area. Assessing damage after a catastrophic weather event is particularly important for all parties concerned. (Photo: bilanol/Adobe Stock)

In the world of property insurance, data is crucial. However, despite undergoing a major digital transformation over the past few years, insurance companies still face numerous data-related challenges.

Accessing and properly managing quality data, especially for an extensive portfolio of properties, is still extremely complicated. Without high-quality data and insights, insurers can struggle to identify risk, reduce costs and make good decisions at scale.

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