Predictive Analytics in Insurance: New Trend or the Industry’s Future?
Artificial intelligence has been the word on every insurance industry executive’s lips for a while now. And its potential is truly incredible — smart decision-making and predictive analytics, more accurate insights, and automated processes, to name a few of the benefits. But in reality, can artificial intelligence in insurance live up to its reputation, and is AI/ML decision-making in insurance really useful or just another trend? Here we’ll take a look at the real benefits of the use of AI in insurance and what ways it can be applied to get the most benefit for your business.