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Insurers across the globe are focusing on various technological solutions to improvise their business processes and customer services, primarily to provide a delightful customer experience throughout their journey. Those Insurers who are focusing on the digital initiatives are enjoying better customer share as the entire Insurance industry is in its transformation phase.
Hence, to be competitive in the field, Insurers are forced to introduce new technologies, improvised processes, better customer services through different technological solutions. Let’s discuss the concept of Life Insurance Underwriting and the use of Artificial Intelligence in risk assessment.