5 Ways Technology Is Changing the Insurance Industry

It's natural to link technology and artificial intelligence to industries like telecommunications, marketing, and manufacturing. Clients still receive cards in the mail, meet with agents in their offices, and speak with adjusters for claims. Yet technology is transforming the way insurance carriers provide coverage and how policyholders receive service. Technological advancements are starting to automate and predict standard insurance-related tasks, from filing a claim to adjusting a policy's coverage. As the industry embraces things like artificial intelligence, machine learning, and other technologies, the relationship between providers and clients is also changing.