You are off to work and you leave your windows open, the IoT alerts your Insurance company and sends you a text telling you that you can:
- leave go back and close them or
- for a premium of only £1.99 fro the day you are covered incase of break-in.
Particle underwriting are you prepared?
Artificial Intelligence (AI) encompasses everything from machine learning to the Internet of Things (IoT). Thanks to these tech advancements, AI systems are now able to perform tasks that previously required human intelligence, such as visual and speech processing, decision-making and language translation. From self-driving cars to automated assistants, AI is rapidly evolving and finding its way into surprising daily use cases, leading people to underestimate how it’s fundamentally transforming our world. It’s disrupting and improving organizations across all industries, and now it’s headed for insurance. Below, we’ve rounded up AI applications with the greatest potential to impact the insurance industry.