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Artificial Intelligence as a Catalyst for Innovation: A Study on Advancing Risk Assessment, Customer Engagement, and Operational Efficiency in the Future of Insurance

Year: 2025

Type: article

Abstract: Artificial Intelligence (AI) is revolutionizing the insurance industry by enhancing risk assessment, customer engagement, and operational efficiency. This study explores AI's role as a catalyst for innovation, focusing on its transformative impact on these three critical areas. In risk assessment, AI technologies such as machine learning and predictive analytics enable insurers to analyze vast datasets, improving the accuracy of risk predictions and reducing fraud

Source: International Journal For Multidisciplinary Research

DOI: 10.36948/ijfmr.2025.v07i02.40738

Authors: Immaculate Palavi, Banu -

Language: English

Topic: Insurance and Financial Risk Management

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: hybrid

OpenAlex ID: W4409195127

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