Author Archives: cek16d

Drones and AI could save the insurance industry over $5 billion annually. According to the Insurance Information Institute, fraud is responsible for about 10% of loss adjustment expenses. Drones prevent this by gathering more accurate data, analyzing the data, and then storing it in an efficient manner. This prevents policyholders from claiming damages that existedContinue reading “Drones and AI in Insurance”

The claims process in insurance is known for being a slow and aggravating process at times. Artificial intelligence could cut out the need for any human involvement, which would significantly reduce the amount of time spent in the process. AI claims could also save the industry billions in fraudulent claims due to its ability toContinue reading “Artificial Intelligence in the Insurance Industry”