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İnsurance Artificial Intelligence

How is machine learning used in insurance?

1 April 2022 Enpatika.com Genel

Insurers use machine learning to predict premiums and losses for their policies . Detecting risks early in the process enables insurers to make better use of underwriters’ time and gives them a huge competitive advantage.

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What is future insurance?

1 April 2022 Enpatika.com Genel

Future Insurance is available from your financial adviser. Unlike off-the-shelf products, this one is designed around what you need and want . Your adviser is best placed to help you build your customised cover.

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What is the future of life insurance in India?

1 April 2022 Enpatika.com Genel

The life insurance industry is expected to increase at a CAGR of 5.3% between 2019 and 2023 . India’s insurance penetration was pegged at 4.2% in FY21, with life insurance penetration at 3.2% and non-life insurance penetration at 1.0%. In terms of insurance density, India’s overall density stood at US$ 78 in FY21.

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What are the emerging trends in insurance?

1 April 2022 Enpatika.com Genel

AI, Automation & Faster Claims Processing AI, ML, and Robotic Process Automation (RPA) will soon take the center stage. These technologies offer better, faster and efficient data capture and processing capabilities.

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