The insurance industry has largely been slow to evolve over the past decades. It shows a high-risk aversion and prefers to observe the effects of new technology on other industries before adopting them.
Insurance companies are carefully embracing the digital age. New machine learning algorithms help underwriters to include more data points in their risk evaluations, enabling them to offer clients more personalised premiums. Smart automation is accelerating the insurance application process by linking applicants with insurers more quickly and with fewer errors...
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