25 AI Insurance Companies You Should Know

The insurance industry has always dealt in data, but it hasn’t always been able to put that data to optimal use. Until now.

With the rise of artificial intelligence, which analyzes and learns from massive sets of digital information culled from public and private sources, insurers are embracing the technology’s many facets — from machine learning and natural language processing to robotic process automation and audio/video analysis — to provide better products.

AI IN INSURANCE

AI helps the insurance industry put massive amounts of data to optimal use. Insurers are using artificial intelligence to craft individualized policies, automate underwriting processes and provide estimates with greater accuracy to customers all over the world.

Customers, too, are benefitting from practices like comparative shopping, quick claims processing, around-the-clock service and improved decision management.

To get a better sense of how AI impacts the insurance industry, check out these 25 AI insurance applications.

Gradient AI

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Founded: 2018 

Location: Boston, Massachusetts 

Gradient AI aims to enhance every aspect of the insurance business with AI tools and machine learning models. For instance, the company’s AI can more accurately assess risks for underwriters, single out expensive claims that need attention and even provide automation services when needed. As a result, Gradient AI’s technology has streamlined insurance areas like business owners, commercial auto and homeowners. 

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