How Will Artificial Intelligence Impact the Insurance Industry?

Artificial intelligence (AI) is reshaping the insurance industry by verifying data, assessing risk, detecting fraud and lowering human error. Insurance protects individuals and businesses from losses and damages. There are several types of insurance, including health insurance, car insurance, life insurance, and homeowners insurance. Insurance can help protect against a wide range of risks and losses, and it is an important financial tool for managing risks and protecting your assets. Source: McKinsey & Company AI technologies, such as machine learning and natural language processing, can be used to analyze large amounts of data and make more accurate risk assessments.