AI is a great tool for business. The longer your organization waits to understand and leverage AI as a tool, the further behind you may fall. How effectively your organization utilizes and integrates this tool is key.
While AI offers transformative possibilities for businesses, it can also instill stress and fear among workers.
Prediction models and AI are not new to the insurance industry. It is important to remember that AI is making predictions based on historical patterns and is not deeply thinking and creating an understanding. With that in mind, here are four applications for AI in insurance.