By Charles Dugas, Insurance AI Lead, Element AI — It’s no secret that the insurance industry is facing a challenging market right now.Managing General Agents (MGAs), like brokers and carriers large and small, are looking for new and innovative ways to accelerate growth to better serve their customers and to boost revenue, however few have turned to AI for answers.Why? Could it be that many MGAs believe AI to be outside of their reach? That’s a major mistake.
AI isn’t just for large commercial carriers.In fact, many will be surprised to discover that certain AI solutions can be implemented for roughly the cost of an underwriter’s annual salary.
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Publisher: Insurance Canada
Publisher: Insurance Canada
