Insurance is changing its way for digital process through innovation. By 2030, it will take seconds to get insurance cover & premium. With use of AI, ML, Deeptech etc. Insurance will no more use legacy systems in future.

1. Layak Singh
Founder & CEO
ARTIVATIC INSURANCE 2030:
AI ACCELERATING
THE CHANGE

2. Insurance Shift: From ‘Fear’ to ‘Feel Secure’
Complexity On the Fly
Traditional Processes Digital
Lump Sum Byte Sized | Usages Based
Slab Table Personalized
Agent Self
Physical Voice & Video
Data Value
Technologies are driving the change: AI, IoT & Blockchain

3. Imagine the Future of Insurance: Technology
Enabling Carriers for Uninsured & Underinsured
Alternative
Data
Dynamic
Underwriting
Usages Based
Premium
Satellite, AQI,
Weather,
Telematics
Risk & Fraud
Intelligence
Digital Claims

4. AI Trends Shaping Insurance: 2030
Explosion of data from connected devices
Medical devices, home appliances, eyewear etc.
Increased prevalence of physical robots
Autonomous vehicles, surgical robots etc.
Open Source & Data Ecosystems
Open source protocol will emerge for sharing data – auto, home,
medical through consumer device manufactures
Advances in Cognitive Technologies
Neural networks, engagement techniques using ML etc.
Distribution
Purchasing insurance with less active
involvement.
Underwriting & Pricing
Granular insights for few seconds decisions with
personalized prices.
Claims
>90% reduction in manual processes with
reduced risk, time & cost.
TRENDS IMPACT

5. 4 Core Elements for Successful AI Strategy
for Insurance Carriers

6. Thank You!
Artivatic AI Labs
Bangalore
layak@artivatic.ai