How AI Will Impact Insurance Industry By 2030 - CXOtoday.com

Artificial intelligence has already made its mark in the insurance sector. According to a McKinsey report, the insurance industry is on the verge of a seismic, tech-driven shift. A focus on four areas can position carriers to embrace this change. The researchers believe, insurance executives must understand the factors that will contribute to this change and how AI will reshape claims, distribution, and underwriting and pricing. With this understanding, they can start to build the skills and talent, embrace the emerging technologies, and create the culture and perspective needed to be successful players in the insurance industry of the future.