AI is revolutionizing the insurance industry by enabling personalized policies based on real-time data, moving away from traditional static models. This shift allows for dynamic risk assessment, customized plans rewarding healthy behaviors, and enhanced customer engagement through AI-powered tools. Insurers embracing this technology gain a competitive edge by fostering trust and meeting modern consumer expectations.
source: https://cio.economictimes.indiatimes.com/news/artificial-intelligence/smarter-fairer-faster-heres-how-ai-is-personalizing-financial-insurance/120726255
