How algorithms will help insurtech companies

Algorithms that are displacing human advisers get the press, but insurers will be using robo advice models to help and empower human who work on the frontlines with customers. This can result in better conversations, higher conversion and, finally, greater solutions for customers.

Below is a chart from insurancethoughtleadership.com that shows how algorithms and automated data can work between insurers and insureds.

 

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