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The Remaking of AI-Based Insurance: Agile, Efficient & Personal

By Sachin Andhare

The year is 2025, and you are on vacation enjoying the sunset on the beach. Suddenly your smartwatch flashes an alert that an intruder is in your backyard and that your home is about to be invaded! You run to your room, grab your smartphone, open an app, and instantly see a surveillance drone flying over your home, streaming live data, and capturing the scene. You can hear the alarm blaring and see that the intruder is baffled and aborts the mission. You receive a call from your virtual insurance agent informing you that the situation has been assessed, and a claim has been filed automatically. The virtual agent has already shared the pictures and video with the insurance company, thanks to the data sent to the cloud by the drone. By the time you settle down for dinner, your virtual agent texts you that all the damage was assessed,…