The transformative impact of AI on Kenya’s insurance industry in 2024

AI (Artificial Intelligence) concept. PHOTO | SHUTTERSTOCK

In the dynamic landscape of Kenya's insurance industry, the adoption of artificial intelligence (AI) is poised to be a game-changer, revolutionising the way insurance companies operate, assess risks and most importantly serve their customers.

In 2024, the integration of AI technologies promises not only increased efficiency but also enhanced customer experiences and more accurate risk assessments. There are several areas where I believe AI is impacting the industry, one being in data-driven decision-making. AI is reshaping the insurance landscape in Kenya through its ability to analyse vast amounts of data swiftly and accurately.

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Note: The results are not exact but very close to the actual.