Insurance carriers stand on the verge of a transformative era fueled by AI's promises of personalized services, predictive analytics, and enhanced productivity, aligning with evolving customer expectations.
A recent discussion revealed a global car insurance fraud exploiting lax verification to insure cars online and then steal them. This has led insurers to adopt stricter measures like multi-factor authentication.
Insurance carriers facing profitability challenges and shrinking market options turn to behavioral deep learning for sustainable solutions, managing risks effectively while serving stakeholders.