Emerging Tech Impact Radar: AI in Insurance

Look for third-party data providers that have images such as aerial imagery or governmental flood map data to assist in implementation and prove solutions fit in different lines of business. ■ Assess emerging niche insurtechs that offer various types of CV solutions aimed at specific lines of business to determine their competitiveness. ■

Recommended Reading:

Emerging Tech: Revenue Opportunity Projection of Computer Vision ■

Emerging Technologies: Emergence Cycle for Computer Vision ■

Emerging Technologies Tool: Video Analytics Functionality Matrix ■

Hype Cycle for Digital Life and P&C Insurance, 2023, specifically the profiles for Holistic Fraud Management Solutions, and AI Remote Inspection Solutions. ■

Intelligent Applications Back to Top

Analysis by: James Ingham, Alys Woodward and Eric Goodness

Description: Intelligent applications are enterprise applications with embedded or integrated AI technologies, such as intelligent automation, data-driven insights and guided recommendations. These deliver a more personalized interface, improve productivity and support “process-embedded” decision making. Injecting optimization, advisory and decision-support capabilities into process-centric workflows delivers significant enhancements to traditional, highly procedural enterprise business applications. Intelligent business applications will be enabled by the principles of composability, allowing for components to be added and recombined as required.

Sample Vendors: CCC Safekeep; Guidewire; Google Docs; IBM; JAGGAER; Microsoft 365; Oracle Cloud Applications; Salesforce Einstein GPT; ServiceNow; Vymo

Range: Short (1 to 3 Years)

Gartner, Inc. | G00786204

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This research note is restricted to the personal use of abhishek.sharma@fractal.ai.

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