Moneycontrol | 27/02/2021 12:05 PM | Click to read full article
Indian insurance companies are now rapidly moving to automated processes for accepting applications or approving claims related to life, motor and health insurance. These processes use data analytics and artificial intelligence (AI) to recover details of your vehicle, fitness and past ailments.
For instance, since gyms are also slowly partnering with general insurers to offer wellness products to customers, the policyholders’ data is also shared. AI is able to find out how regular you are with workouts.