{"id":72319,"date":"2022-11-09T14:53:37","date_gmt":"2022-11-09T19:53:37","guid":{"rendered":"https:\/\/staging.majesco.com\/?p=72319"},"modified":"2024-06-20T09:24:55","modified_gmt":"2024-06-20T13:24:55","slug":"artificial-intelligence-in-insurance","status":"publish","type":"post","link":"https:\/\/staging.majesco.com\/?p=72319","title":{"rendered":"Artificial Intelligence in Insurance"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Understanding the current and future role of artificial intelligence in insurance is essential.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The recent push towards AI and <a href=\"https:\/\/staging.majesco.com\/analytics-solutions-overview\/\">predictive analytics<\/a> has transformed every stage of the insurance customer lifecycle. From machine learning to better predict and mitigate risk to conversational AI for personalized customer service, insurance companies are rapidly deploying AI solutions across their digital ecosystems.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>AI and its related technologies will have a seismic impact on all aspects of the insurance industry, from distribution to underwriting and pricing to claims<\/p><cite>McKinsey &amp; Co., 2021<\/cite><\/blockquote><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Artificial intelligence tends to generate high levels of interest, but with that comes additional confusion. Insurance leaders should understand how different AI techniques are used across different applications, as well as what should be accomplished with AI as opposed to simple business rules. The resources in this section serve as a valuable starting point for insurers seeking clarity and guidance on the vast subject of artificial intelligence in insurance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding the current and future role of artificial intelligence in insurance is essential. The recent push towards AI and predictive analytics has transformed every stage of the insurance customer lifecycle. From machine learning to better predict and mitigate risk to conversational AI for personalized customer service, insurance companies are rapidly deploying AI solutions across their&hellip;<\/p>\n<div class=\"wp-block-button is-style-transparent-arrow\"><a class=\"wp-block-button__link majesco-2022-read-more-link\" href=\"https:\/\/staging.majesco.com\/?p=72319\">View Full Resource <\/a><\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[88],"tags":[],"solution":[],"customers":[],"partners":[],"solution-categories":[],"segment":[],"hot-topics":[],"topics":[],"class_list":["post-72319","post","type-post","status-publish","format-standard","hentry","category-future-of-insurance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Artificial Intelligence in Insurance<\/title>\n<meta name=\"description\" content=\"Understanding the current and future role of artificial intelligence in insurance is essential. The recent push towards AI and predictive analytics has\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Artificial Intelligence in Insurance\" \/>\n<meta property=\"og:description\" content=\"Understanding the current and future role of artificial intelligence in insurance is essential. The recent push towards AI and predictive analytics has\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging.majesco.com\/?p=72319\" \/>\n<meta property=\"og:site_name\" content=\"Majesco\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MajescoInc\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-09T19:53:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T13:24:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/staging.majesco.com\/wp-content\/uploads\/2022\/08\/MAJC-Logo-rgb_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Denise Garth\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Majesco_Inc\" \/>\n<meta name=\"twitter:site\" content=\"@Majesco_Inc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Denise Garth\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/staging.majesco.com\\\/?p=72319#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/staging.majesco.com\\\/?p=72319\"},\"author\":{\"name\":\"Denise Garth\",\"@id\":\"https:\\\/\\\/staging.majesco.com\\\/#\\\/schema\\\/person\\\/1d689cb4b28d347f4870fdb5078f4a04\"},\"headline\":\"Artificial Intelligence in Insurance\",\"datePublished\":\"2022-11-09T19:53:37+00:00\",\"dateModified\":\"2024-06-20T13:24:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/staging.majesco.com\\\/?p=72319\"},\"wordCount\":158,\"publisher\":{\"@id\":\"https:\\\/\\\/staging.majesco.com\\\/#organization\"},\"articleSection\":[\"Future of Insurance Blog Posts and News Articles\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/staging.majesco.com\\\/?p=72319\",\"url\":\"https:\\\/\\\/staging.majesco.com\\\/?p=72319\",\"name\":\"Artificial Intelligence in Insurance\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/staging.majesco.com\\\/#website\"},\"datePublished\":\"2022-11-09T19:53:37+00:00\",\"dateModified\":\"2024-06-20T13:24:55+00:00\",\"description\":\"Understanding the current and future role of artificial intelligence in insurance is essential. 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