AI In Insurance: Top 10 Insurance Business Problems AI Can S

In the insurance industry, we’ve got people in both extremes. Those who believe Artificial Intelligence (AI) is a magical entity that can do anything. And those who’ve been sceptical about AI since the days of The Terminator.

The reality lies somewhere between. The global AI in insurance is estimated at $8.13 billion in 2024. It’s predicted to reach $141.44 billion by 2034. The AI transformation is already underway, and now’s a critical time for businesses to adapt.

At the same time, simply jumping onto the hype train without having a clear idea of what AI can achieve.

In this blog, you’ll get a realistic overview of how AI in insurance can be beneficial.