Homeowners paying more for less insurance
More powerful storms and pricier building costs are behind the increases in premiums, said the report’s authors.
More powerful storms and pricier building costs are behind the increases in premiums, said the report’s authors.
Research from Digital Insurance on the cost of artificial intelligence.
Catching fraudulent claims has become much more complicated than detecting doctored images. Fraud can be found in correlations of medical treatment data, legal representation and adjuster evaluations, experts said.
Insurance companies must rebuild transparency with the people and businesses they serve.
Insurance companies must rebuild transparency with the people and businesses they serve.
Using AI to review lengthy documents for injury claims can find key points for insurers questioning validity.
Standard commercial insurance can be inflexible and fail to meet the needs of smaller businesses, but software as a service tailored to insurance better serves their needs.
Standard commercial insurance can be inflexible and fail to meet the needs of smaller businesses, but software as a service tailored to insurance better serves their needs.
The following stories and InsureThink opinion articles are a part of a series on how AI is being deployed in claims.
Any implementation of AI requires access to significant amounts of data and is not without its risks as carriers and brokers expand its adoption.