How Artificial Intelligence Is Changing The Way You Buy Travel Insurance [Forbes]
ASSICURAZIONI GENERLI ADR (ARZGY)
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Source: Forbes
From shopping for a policy to filing a claim, there's no part that hasn't been touched by AI. "AI is revolutionizing travel insurance," says Greg Jung, chief growth officer for . "It's making it more efficient and tailored to individual needs." Words like "efficient" and "tailored" are rare in the one-size-fits-all, bureaucratic travel insurance industry. For years, consumers had limited choices. And when they filed a claim, it took close to forever to get an answer, much less get paid. Not anymore. Jung says AI is doing away with that. The benefits to travelers include: Personalized coverage. AI can analyze vast amounts of data on traveler profiles, including travel history, preferences, and even risk factors like age and health conditions. That allows insurers to recommend customized travel insurance plans that provide the right level of coverage for each individual's needs. Proactive risk management. AI can analyze data to predict potential disruptions or emergencies th
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