AI is revolutionizing the insurance industry, from underwriting to claims processing. While it offers improved efficiency, challenges like data privacy and ethical concerns must be addressed.
Explore how AI, machine learning, AR, VR, blockchain, and IoT technologies are revolutionizing the claims adjustment process in the insurance industry, making it more efficient and customer-friendly.
The rise of cyberattacks has created new challenges for insurance companies. By leveraging advanced technology and investing in employee training, firms are adapting to this evolving threat landscape.
Climate change is reshaping the insurance landscape. Insurers are evolving rapidly, embracing technology and resilience-building methods to keep up with unpredictable weather and natural disasters.
Insurance fraud costs billions and affects everyone. From application falsifications to staged accidents and healthcare fraud, this crime impacts rates and trust in the system.