TECHNOLOGY
She says : “ Initial use cases tended to focus on fraud detection , which was a US $ 4.1bn market in 2018 , growing to $ 10bn in 2025 – a huge problem within the insurance industry , as was seen with Shift Technologies and sprout . ai . Over time , however , we are likely to see a wider use of AI more broadly across the full end-to-end insurance value chain .”
AI , ML and automation will shape the future of insurtech The insurance industry has often been accused of slow innovation uptake , but now the benefits and necessity of automation