Comments on: UBI, On-demand insurance is gaining momentum! https://sreeniuniverse.wordpress.com/2020/08/18/ubi-on-demand-insurance-is-gaining-momentum/ - Everything has an order, if you are open, inspect, analyze and visualize... Wed, 09 Sep 2020 06:37:48 +0000 hourly 1 http://wordpress.com/ By: How AI is poised to “de-risk” the Insurance Industry! – Randomness Pattern https://sreeniuniverse.wordpress.com/2020/08/18/ubi-on-demand-insurance-is-gaining-momentum/comment-page-1/#comment-4 Wed, 09 Sep 2020 06:37:48 +0000 http://sreeniuniverse.com/?p=755#comment-4 […] One of the key area insurance companies are using AI is improving their product and policy design. Personalization and providing flexibility in choosing these products is very key where AI powered chat-bots and social media listening play a crucial role in this. By analyzing the massive data collected from different sources, insurers can use machine learning to discover customer trends and interests in real time. These insights are then being used to develop and improve product and policy design. Today many Insurance companies have developed Usage-based insurance (UBI) model by adopting AI & ML which gives their customers the required control over their insurance. To know more about UBI check out my earlier post – UBI, On-demand insurance is gaining momentu… […]

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