AI boosts insurtech despite funding decrease.

TLDR:

Insurtech funding decreased in 2023, but AI integration and machine learning are driving the sector forward. Scott Ham, CEO of Pinpoint Predictive, Inc., forecasts a future of personalized insurance offerings, quicker claims processing, and improved customer service experiences.

Key Elements:

Global insurtech funding declined in 2023
AI integration and machine learning are driving innovation in the sector
Consumers stand to benefit from more personalized insurance offerings
Scott Ham predicts a future of digitization with improved customer experiences

Despite the funding slump, insurtech is moving forward with technology at the forefront. AI and machine learning are transforming the industry and delivering better outcomes for consumers. Scott Ham’s insights provide a glimpse into what the future of insurance digitization might look like in the coming years.

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AI boosts insurtech despite funding decrease.

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