Insurance 2030 - What will AI-enabled insurance look like?
In this episode of Comprehensive AI, host Yuxuan discusses the topic of insurance. While some people, like his friend Laoli, enjoy having insurance, others find the policies and claims process too complicated. As a financial product, insurance has been around longer than even mutual funds, but the industry itself lags behind others like banking. Insurance products require manual claims processing and offline inspections, making the industry at least a decade behind banking, according to some media reports. The future of insurance may lie in automated technologies like self-driving cars, which could receive feedback from intelligent assistants to improve safety and reduce the likelihood of accidents.