This innovative technology can analyse large amounts of data, identify patterns, and make accurate predictions, allowing insurers to offer more comprehensive coverage and responsive solutions.
The insurers will find this to be extremely helpful in the following ways:
• AI predicts floods and wildfires ahead of time, protecting communities and businesses.
• Early warnings from AI-powered sensors keep homeowners & vulnerable areas safe.
• Smarter AI algorithms personalise premiums & streamline claims, building resilience.
This ground-breaking technology will not only protect the environment but will also lower insurance costs and provide a more secure future for businesses around the world. Let’s embrace this promising technology to build a Sustainable Future for our planet.
Credits: Desmond Devoy, Insurance Business
