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10 Most Impactful AI-based Insurance Innovations of 2019

5 minutes, 5 seconds read

The year 2019 has been a benchmark in insurance innovations that brought in new value propositions to the industry. What’s more remarkable is — both traditional Insurers and Insurtechs are striving to offer simple, convenient, and value-added customer-centric products coupled with technology initiatives. Here are 10 noteworthy insurance innovations that shaped the industry this year.

  1. Augmented Intelligence
  2. AI-based Smart Automation
  3. Digital Insurance Broker
  4. Services Beyond Insurance
  5. Blockchain in Reinsurance
  6. Unconventional Partnerships
  7. Understanding Customers and Delivering Tailored Products
  8. Insurance on Demand Services
  9. Risk Intelligence
  10. Customer Education

10 Most Impactful Insurance Innovations of 2019

According to a recent EFMA-Accenture report, the insurance industry has witnessed growth in digital sales & services, Artificial Intelligence trends — especially machine learning and natural language processing (nlp), big data and analytics, cloud, intelligent automation, and blockchain.

However, insurance players are not