Artificial IntelligenceFinancial Services

How Your Insurance Quote Is Powered By Artificial Intelligence

By January 21, 2019 March 26th, 2020 No Comments

What impact is AI having on the insurance industry? Chris Ganje shares his thoughts with Forbes.

CEO and co-founder of AMPLYFI, Chris Ganje, believes that using AI gives insurers the speed to keep up with modern day life. He said: “AI is having a profound impact on the insurance industry across the board from strategy and policy pricing to marketing and administration. AI is able to digest and analyze vast datasets at unprecedented speeds and accuracy. For insurers, this is enabling benefits on a number of fronts, such as speeding up quotes and pricing policies, enacting faster claims settlements, better fraud detection, and better customer profiling, for example, identify safer drivers through telematics data.”

Originally by Gina Clarke for Forbes, read the full article here