August 20, 2025Deleted Journal

Artificial Intelligence in Insurance: Enhancing Efficiency and Market Penetration in the Fourth Industrial Revolution Era

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AI significantly enhances operational efficiency in the insurance sector, leading to improved customer engagement.
Global trends indicate rising integration of AI across the insurance value chain, particularly in underwriting and claims processing.
The analysis focuses on determinants for insurance market development, including interest rates and regulatory frameworks.
Integration of AI in insurance can promote economic growth and improve risk management within financial services.

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Assessment shows AI enhances efficiency and insurance market development, indicating its vital role in financial services.

Athenia Bongani Sibindi (2025) studied this question.

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