How is Artificial Intelligence shaping the future of insurance?

It's no secret that the insurance industry is fundamentally changing thanks to innovations in Artificial Intelligence. With predictions for 2018 showing that insurance data will grow by 94%, 84% of which will be in unstructured documentation, technology is being introduced that is revolutionizing the industry in its entirety. Taking inspiration from groundbreaking technologies like IoT, Big Data and especially AI, investments are at a peak for insurtech companies all over the world. In a recent report by Willis Towers Watson, since 2016, 36 percent more investment, or the equivalent of 2.3 Billion Dollars has been invested across 450 start-ups during the course of last year alone. AI solutions in the insurance sector are gaining popularity – and as a start-up or developer, it's one of the most dynamic and promising business-areas to be active in.