The insurance industry, traditionally focused on risk management, is being reshaped by artificial intelligence and software advancements. InsurTech companies are under pressure to adopt the rapid pace of software-as-a-service (SaaS) while navigating the highly regulated insurance sector. The challenges are significant but so is the opportunity. According to McKinsey, generative AI has the potential to unlock $50 billion in value for the industry.
Original Source: https://sociable.co/business/why-insurtech-needs-discipline-as-ai-accelerates/