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3 Unique Ways to Improve the Economics of Insurance with Artificial Intelligence

White Paper Published By: Expert System
Expert System
Published:  Aug 07, 2019
Type:  White Paper
Length:  4 pages

Facing combined ratios exceeding 98% in both P&C and Health Insurance for three of the past five years and declining investment yields, insurers are asking “What can we change in our operations to improve our economics?” Conclusive answers are now coming from Cognitive Technology, the variety of Artificial Intelligence that deals with knowledge and textual information. Applied to the industry’s most resource-intensive processes, it is delivering unprecedented productivity gains and insight, and leading to deep changes in how P&C insurers do business. Here’s how.

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