UAE – Digital insurance a major milestone
Saturday, 03 03 2018, Category: Technology, Country: U.A.E
Insurance experts in the United Arab Emirates said that reverting to smart technologies, block chain, and artificial intelligence will decrease the annual expenses of insurance companies by 10-15%. Therefore, insurers will be able to achieve a compound annual growth in profits.
Moreover, insurance experts said that what is known as “digital insurance” will be a major milestone in decreasing administrative expenses and boosting service quality.
Source: Al Khaleej