How can insurance companies prepare for rapid AI-related changes? - i-Brokers

Deep learning (DL) tools like convolutional neural networks which contain millions of simulated neurons structured in layers enable artificial intelligence (AI) to imitate the learning, reasoning, perception and problem solving of the human brain. This technological change is revolutionizing every dimension of the insurance industry. While insurers, suppliers, insurance brokers and consumers are getting better at implementing DL and AI tools for the improvement of reasoning and productivity, cost minimization and the enhancement of the customer experience, this technological shift will be even faster. In this blog post, we are going to share with you four aspects insurers need to focus on and how they can get prepared so as to get the most out of this tech-driven transformation. The number of connected consumer devices will drastically rise in the near future.