The increasing complexity and interconnectedness of the world have highlighted the importance of insurance, particularly in developing countries where many lack adequate coverage. Artificial Intelligence offers a solution by improving risk assessment, enhancing underwriting efficiency, streamlining claims processing, enabling personalised pricing, and enhancing customer engagement. By leveraging AI in the insurance industry, we can increase insurance penetration, making insurance more accessible and affordable for everyone, ultimately promoting economic stability and improving overall quality of life.
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‘You don’t look disabled’: People with hidden conditions hope for a kinder world
Two years ago, Eric, who is autistic, experienced a severe anxiety attack at Jurong East MRT station after forgetting his home keys, leading to a misunderstanding with a passerby and a security guard. A Ministry of Social and Family Development report revealed a decline in positive attitudes towards persons with disabilities, particularly those with invisible disabilities like autism, despite public education efforts. SG Enable highlighted the challenges faced by individuals with invisible disabilities due to...
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