AI-driven insights can re-energise the insurance sector Finance Digest Magazine

The insurance industry has come under real pressure over the past decade or so. The fintech revolution has meant that smaller and more agile startups are able to offer a variety of new services to consumers and businesses. These services are not only more interactive and based on the latest technologies, but they are also services that bigger insurance firms cannot easily offer. This increased competition from newer market entrants is a growing problem for more established insurance providers. But with more data available to insurance firms than ever before, there is an opportunity to embrace the technological changes that are taking place.