AI can help automate underwriting processes, build personalized risk profiles and risk premiums, perform better segmentation, build predictive models to control risk and drive profits and improve the overall loss ratio.

Enhanced fraud detection, automated damage estimation, and subrogation models can significantly reduce the claims settlement cycle and costs. 

Chatbots and autoresponders can help with faster customer query resolution. Predictive and prescriptive models can identify cross-sell opportunities, identify at-risk customers and provide recommendations to reduce churn.