A McKinsey report maps out where artificial intelligence is already transforming the insurance industry.

As more businesses trust artificial intelligence "agents" to independently grow their revenues, some insurance firms are ...

BofA accused the insurance industry of clogging its ranks with tons of unnecessary salespeople, with a "snowball effect" ...

Insurers took a stock price hit from the advent of AI-based insurance apps, but that won't be the final outcome, according to ...

AI could contribute up to $1.1 trillion annually to the global insurance industry. Of this, $300 billion is expected to come from AI-powered customer service and product personalization. That ...

As AI technologies like ChatGPT and other generative AI tools have gained prominence, our clients have started raising questions about their insurance coverage. Among the most frequently asked are: ...

Canadian insurers deploy AI for routine underwriting decisions, while human expertise continues to guide complex cases, ...

The rise of artificial intelligence brings the prospect of huge productivity gains for the insurance industry, as well as ...

The insurance industry’s embrace of AI calls for a governance framework to assist regulators, guide insurers, and inform consumers. The National Association of Insurance Commissioners’ Big Data and ...

Sprout.ai is an artificial intelligence company aiming to transform the insurance industry by automating claims processing. Its advanced AI-powered platform enables insurers to make faster, more ...

Businesses face serious risk of liability arising from cybersecurity and privacy breach and use of artificial intelligence. Just like we would not (or should not) drive a car without auto insurance, ...

Artificial intelligence (AI) is transforming how insurance coverage is offered, purchased, and understood by translating policies into plain language and helping customers better understand their ...