Why traditional insurers are living on borrowed time

INSURANCE is an industry that hasn't really transformed for a very long time. We still buy the same kind of policies from the same types of companies through the same channels. Unlike the banking and financial services space, insurance hasn't been disrupted enough. But that's about to change. According to a new study by GlobalData, Artificial intelligence (AI) provides unprecedented opportunities for the insurance industry, and the changes it can bring about will transform insurers forever.