AI-based Technologies Can Help Insurers Modernize

As participants in a 300-year-old industry, insurers have obviously accumulated huge experience in adapting to ever-evolving environments, but in most cases they have adapted incrementally, often lagging as compared to the other financial services providers like bankers, stockbrokers, or investment advisors. 

Yet the speed of change has been progressively increasing over the last 10 years, accelerating markedly with the onset of Covid.

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