Artificial intelligence is set to reshape the economics of the global insurance industry, with carriers, brokers and technology providers that move early potentially gaining a significant competitive edge as AI changes underwriting, distribution, productivity and the pace of innovation, according to a McKinsey report.

Artificial intelligence is transforming the insurance industry by enhancing sales efficiency and minimizing customer onboarding expenses. The accuracy in claims processing has…

Artificial intelligence (AI) is helping insurance companies improve sales, reduce customer onboarding costs and process claims more accurately, according to a report