More than half of insurers plan to use artificial intelligence transform many of their existing business processes over the next three years. (Shutterstock)
Much is made of the impact that Artificial Intelligence (AI) is set to have in a number of different industries. But so far, adoption of AI in the insurance sector has been comparatively slow.
Yet the venture capital community considers the insurance industry to be so ripe for disruption that the U.S. InsurTech Lemonade, managed to raise $300 million in seed funding earlier this year.
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