Making the case for AI in commercial insurance

Last time, we discussed some of the potential benefits of AI in commercial insurance. Now, let's talk making the business case. Many insurers are hesitant to invest in AI without proof that these theoretically smart systems will yield real-world returns. A mature AI vendor will have the foresight to develop a team within its organization that's dedicated to value analytics. This team -- made up of data scientists and actuarial experts -- will use the company's own AI solution to run a simulation that can quantify potential savings the solution could provide.