The Strategic Role of Artificial Intelligence in Risk Assessment, Monitoring, Control and Management within the U.S. Insurance Market
Year: 2025
Type: article
Abstract: Artificial Intelligence enables a complete transformation of U.S. insurance market risk assessment processes through advanced monitoring and control systems for management needs. The paper analyzes strategic applications of AI technologies, especially machine learning combined with deep learning and natural language processing for improved underwriting operations, fraud detection and claim pattern prediction together with regulatory conformity maintenance. Insurance firms better detect and reduce risks through analyses of real-time data and advanced analytics while achieving enhanced precision and speed in their detection efforts. This research examines actual AI applications within leading U.S. insurers through real-life cases that demonstrate how AI technologies boost operational efficiency, together with enhanced decision-making abilities and better customer outcomes. Current research examines major obstacles like data control deficiencies together with automatic process bias and official barriers that affect AI implementation inside risk management systems. The paper concludes its discussion by showing how AI changes the insurance industry while offering guidance to stakeholders who want to implement AI for sustainable strategic risk management.
Author: Olukunle Ogundimu
Institution: Nexford University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4410064201