Sumitomo Life To Use AI For Tailor-Made Insurance Contracts
· Technology · Nikkei Asia, asia.nikkei
Japanese insurance firm Sumitomo Life plans to deploy artificial intelligence to create personalised insurance contracts for its customers. The technology will be used to analyse individual needs and risk profiles to generate tailor-made policy terms. This move is part of the company's broader effort to modernise its services and improve efficiency in the Japanese insurance market. The deployment aims to provide more relevant coverage options for policyholders.
Why it matters
The adoption of AI in insurance demonstrates a shift toward hyper-personalised financial services, potentially setting a trend for the broader insurance industry in Japan and beyond.
Read the original report — Nikkei Asia
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