According to one study, the market of Artificial Intelligence (AI) in the Banking, Financial Services, and Insurance (BFSI) industry was valued at $20 billion in 2022 and was projected to grow by 20% between 2023 and 2032. Another study showed that the market size of Blockchain technology in BFSI was $2034.1 million in 2021 and […]
As AI is making its mark, revolutionizing all industries, it is time for the insurance companies to jump on the bandwagon. AI can offer several uses for the insurance industry, from simplifying claims management to enhancing customer experience. In this article, we discuss the A to Z of implementing AI in insurance companies. Artificial Intelligence, or in short […]