Author: vs0942030

The insurance trends enhance the virtual experience of consumers, lower operating expenses, improve service, and take capacities to a higher level. According to Technavio, the insurance technology market is growing at 45% yearly. Here are some insurance technology solutions that will determine the growth of this sector. Artificial Intelligence for predictive analysis An insurer’s profitability depends on how the company manages data, assesses it, and makes predictions. Hence, firms now implement data analytics on a bigger scale. AI is a recent technology helping with it. According to McKinsey, in 2030-40, around 10 to 55% of the insurance tasks will be automated, from processing the…