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Though insurtech has seen venture capital money dry up, it might be a good fit for mundane forms of artificial intelligence. If policy templates can be easily tweaked, the process can be sped up and the results better tailored to specific needs to close coverage gaps.
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"Insurance needs innovation. Natural catastrophes are pushing up premiums, personal car insurance has become prohibitive while still losing money for underwriters, [and] some smaller insurance lines remain an afterthought."
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