How Artificial Intelligence is changing the Insurance Business

Artificial Intelligence (AI) has always been the subject of dreams and visions about the distant future of humankind. Even though we are nowhere near a conscious robotic system, nowadays, AI systems are ubiquitous and showing tremendous successes in various fields of our everyday life. We are using these on a daily basis, often without even noticing. Whether it is the Virtual Personal Assistants on our mobile phones (such as Siri, Google Now, and Cortana), self-driving cars, the ranking of the web pages given your search query, or the classical textbook examples such as spam filtering and recommendation systems of online media providers and marketplaces like Amazon. Various fields of AI have made a major leap forward in the recent years.