The Future of Artificial Intelligence and Insurance Sales
Use of AI also raises a host of regulatory concerns, which, in an industry that already has a well-established regulatory framework, may result in significant additional regulatory burdens for insurance producers in the near future.
October 07, 2024 at 06:06 AM
8 minute read
Special SectionsArtificial intelligence, more commonly known as AI, has transformed the way that we interact with data and technology, revolutionizing how many industries leverage data to drive sales and growth. The insurance industry, which relies heavily on data to market, underwrite and administer insurance products, is no exception to this technology movement. In particular, those in the insurance marketing space (often referred to as "insurance agencies" or "insurance producers") are looking to AI as a powerful tool for streamlining business operations and boosting sale productivity. However, use of AI also raises a host of regulatory concerns, which, in an industry that already has a well-established regulatory framework, may result in significant additional regulatory burdens for insurance producers in the near future.
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