AI and real time data could save property insurers £500mn a year.
We need to move away from a system based on incomplete and historic data, which is failing to accurately define levels of risk in the marketplace. Having real-time, accurate data on risks, and risk mitigation, provides actionable insights that could ultimately help to prevent catastrophic incidents like Grenfell Tower.
“The use of AI can help save the commercial property sector over £500m (€575.05m) per year by delivering 360 degree real time insight. At the same time, the customer will benefit from mitigated health and safety risks, lower premiums and greater business continuity,
