Artificial Intelligence (AI) in the insurance industry is a form of technology that allows computer systems to accomplish tasks without human intervention. Examples are: Gathering information. Analyzing data by running models. Automatically making decisions. AI is turning the insurance industry around. The uses of AI in the insurance industry range from underwriting, customer service, claims, marketing, and most importantlyRead more
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What is Commercial General Liability? What happens when someone is shopping at the supermarket and a display of soda cans collapses on them?. In a case like this, commercial general liability provides coverage to the grocery store for bodily injury, personal injury, and property damage. 1. Does commercial general liability cover everything surrounding my business? Although it is considered “comprehensive,” not all risksRead more
Implementing technology in insurance claims can automate the process, leaving you with more time and improve the overall claims process. We’re breaking down the top five ways that insurance claims automation can help your business, and how claims management creates a powerful feedback loop that can automate claim processing. 1. Prevent Insurance Fraud There areRead more
