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The Evolution of Insurance in the Digital Age

  • Anshul Saxena,
  • Shalaka Verma,
  • Jayant Mahajan

摘要

The traditional insurance product landscape has been largely static, relying on standardized policies designed to cover a broad spectrum of risks. However, the rapidly evolving risk environment and changing consumer expectations necessitate a shift towards more innovative insurance products. Today’s consumers demand flexibility, personalization, and coverage for emerging risks that traditional policies do not adequately address. This section explores the emergence of new insurance products and services that cater to specific modern-day needs and preferences, leveraging cutting-edge technologies such as Generative AI and Large Language Models (LLMs) to enhance innovation​