How IRIS Aerial Imagery Analysis Brings AI Machine Learning to Insurance Athenium Analytics

Artificial Intelligence (AI) is arguably the biggest insurance industry trend at the moment, with capital pouring in from insurers, tech companies and venture capital to find the next insurtech unicorn. A 2017 study by Accenture found that "75% of insurance executives believe that AI will either significantly alter or completely transform the overall insurance industry in the next three years." But despite the appetite for insurance-focused AI solutions, claims and underwriting automation is still very much in its infancy. The insurance ecosystem is filled with startups selling chatbots, big data algorithms, and touchless claims tools that vow to revolutionize the historically risk-averse insurance industry. The promise that bots will manage P&C claims from start to finish is an exciting one – removing friction and human intervention from claims intake, processing, fraud detection and customer service.