Julio Pernía Aznar // November 18, 2024 
(Image credit: Aristal/Pixabay.)
While the insurance industry has embraced AI more slowly than other sectors, there are signs of growing interest. According to Gradient AI data, 90 percent of insurance companies plan to increase their AI investment to improve operations, with 75 percent focusing on underwriting and claims management AI technology. The AI-influenced insurance sector’s market value is projected to reach over $35 billion by 2030, a 33 percent compound annual growth rate (CAGR).
Though insurer interest in AI-driven strategies is on the rise, this shift isn’t without its challenges. Insurers