How Artificial Intelligence is Changing Insurance Industry

Last 3 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. In this article, we will see how AI is and will be disrupting the insurance industry. Most people use AI in a very broad perspective.