Artificial intelligence and the internet of things were the hottest tickets in insurance technology last year, according to analysis from Accenture.
The consultancy said start-ups in those two areas had been the most successful at attracting new investment in 2016, pulling in almost half the available funding against 10 per cent the previous year.
AI — also sometimes called machine learning — is the subject of increasing attention in the insurance world. “The view that it can have a near-term impact is starting to pick up,” said John Cusano, senior managing director of global insurance at Accenture. “It’s really catching fire.”
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