Akhil Almeida, Head of Marketing, delves into the role of AI in the Insurance industry

In the ever-evolving landscape of the financial services industry, integration of Artificial Intelligence (AI) has become more than a mere trend; it is now a necessity. As businesses in the banking, financial, and insurance sectors have recognised, AI is a powerful tool that can revolutionise their operations, enhance customer experience, and drive growth.

The rapid pace of tech adoption in the BFSI space is due to the need for companies to remain ahead of the curve by responding to the growing reliance on digital operations by consumers.

Akhil Almeida, Head of Marketing, shares that advanced technology, particularly AI-driven underwriting, has streamlined routine processes, providing real-time customer assessments without extensive documentation or medical tests.