Artificial Intelligence and Internet of Things in insurance
Saturday, 04 01 2017, Category: Technology, Country: World
Artificial intelligence (AI) and the internet of things (IoT) accounted for almost half of total investment in insurtech startups globally in 2016, according to consultancy firm Accenture.
The report titled 'The Rise of InsurTech' includes data on 450 insurtech deals over the last three years.
The combined number of deals across AI (including automation) and the IoT (including connected insurance) increased 79 percent in 2016, according to the report.
Source: Intelligent Insurer