What's a CIO's Take on AI in Insurance?

Insurance CIOs are continually exploring the potential applications of AI, which resonate with their business needs. FREMONT, CA: Artificial intelligence (AI) is proliferating, and its ability to explore massive data sets and extract significant insights from them makes it an essential technology in the current market space. Thus, it isn't a surprise that insurance firms are also keen to utilize AI. Sources suggest that CIOs in the insurance sector will continue investing in AI technology to drive growth, revenue, streamline business operations and serve the customers and distribution partners in a better way. However, the main consideration lies in figuring out how AI can best address their business requirements.