How Artificial Intelligence is disrupting the insurance industry

In a country with low insurance penetration, AI could be the solution to improve the reach and profitability of insurance companies in India. The last three years have seen a massive upswing in the use of AI across different business verticals. And insurance, being one of the oldest industries, has multiple use-cases that can improve every aspect of business from underwriting to distribution to claim management. Insurers, in India and overseas, are aggressively investing in startups and small teams to unleash the power of AI in insurance. Let us see how AI is and will be disrupting the insurance industry.