Introduction With growth estimates for the insurance industry in the US estimated to reach $6.4 Trillion by 2025, this industry is a critical part of our economy, but at the same time is also complex and challenging to understand. Even if you're not in the...
As more and more companies go through digital transformations, Natural Language Processing (NLP) is emerging as a game changer. As you may already know, NLP is a part of Artificial Intelligence (AI) that uses Machine Learning (ML) to enable a computer system to...
Fraudulent insurance claims cost insurance companies over $80B/year in the U.S. Insurance fraud detection AI is the key to insurance fraud prevention.
Predictive analytics is used in underwriting policies and in personalizing client services. Here are five ways predictive analytics is used in insurance.