All ready to grow up: Fostering AI's growth in insurance - DXC Blogs

The use of artificial intelligence (AI) technologies has spread across the insurance value chain. In product development, it enables insurers to create more profitable and effective products based on insights from past claims and product uptake in the market. In underwriting, it creates a better understanding of risk for new and underserved markets. Even so, the potential of AI has yet to be fully realized. For now, AI's role in the industry is largely limited to optimizing existing business processes rather than developing new and disruptive business models.