The Future of Autonomous Intelligence in the Insurance Industry

Autonomous intelligence refers to life-like technology that can work independently without explicit human help: self-driving delivery vans that drive themselves, managing threats and unpredictable hazards. Intel’s definition of autonomous intelligence was highlighted by Arvind Krishna, the CEO of IBM, as the next generation of AI platform. The phase of AI provides the ability to identify patterns and make decisions without human intervention.

The term autonomous intelligence has been defined in various ways. Credit Suisse characterized it as the "breakthrough phase of artificial intelligence, which can make judgments and decisions on its own." A recent International Data Corporation (IDC) study reported that one-third of the respondents across industry sectors believe autonomous intelligence will have the most significant business impact in the coming years. The autonomous phase of the AI platform is transformative, with the opportunity to create lasting, enduring value for capitalism and society at large and represents the greatest growth opportunities for businesses in the next decade.