How will AI Impact the P&C Insurance Industry

Artificial intelligence will have the greatest impact in the P&C industry in underwriting, claims, and customer service. In the underwriting process, AI can process data and produce accurate pricing results and risk assessments. In the claims process, AI is able to complete the majority of the process without any human intervention, cutting down on time and money spent. AI is able to be there for customers 24/7 with quick responses and accurate data for the customer. It is also able to process and analyze information given from a customer in order to provide what they need . This leads to a very positive customer experience because of its capabilities and the speed at which it does them. https://www.duckcreek.com/blog/how-ai-is-impacting-the-insurance-industry/