This is a preview of the AI in Insurance research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Fintech industry research reports.
The insurance sector has fallen behind the curve of financial services innovation — and that's left hundreds of billions in potential cost savings on the table.
The most valuable area in which insurers can innovate is the use of artificial intelligence (AI): It's estimated that AI can drive cost savings of $390 billion across insurers' front, middle, and back offices by 2030, according to a report by Autonomous NEXT seen by Business Insider Intelligence. The front office is the most lucrative area to target for AI-driven cost savings, with $168 billion up for grabs by 2030.
See the rest of the story at Business Insider
See Also:
- Over 40% of PPP funds are still available two weeks into its second round
- Xinja cut its Stash high-yield savings account rate, likely attempting to weather the current crisis
- PayPal's slowdown began to improve in April as stay-at-home orders tick up e-commerce usage
from Business Insider https://ift.tt/2X7ILhI
No comments:
Post a Comment