Insurers using AI have seen loss ratios improve by five percent, premiums rise by 15%
One of the most prominent trends within the investment property insurance market is the growing reliance on data analytics and advanced technology by insurance carriers – and it’s little surprise why.
According to research from APE Analytics, insurers actively using AI and machine learning have seen loss ratios improve by 5% through reduced claims and premiums rising by as much as 15% due to better risk evaluations.