Usage-based Insurance (UBI) is a type of auto insurance that utilizes telematics technology to collect data on an individual's driving behavior and other relevant factors to determine insurance premiums. Here are some technology trends influencing UBI:
Artificial Intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to mimic and replicate cognitive functions such as problem-solving, learning, reasoning, and decision-making.
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Certainly! Here are some specific use cases and applications of AI and ML in the insurance industry:
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AI (Artificial Intelligence) and ML (Machine Learning) are indeed transforming the insurance industry in several ways. Here are some key areas where AI and ML are making a significant impact:
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