Artificial intelligence is very good at assisting insurers in assessing risk and reducing errors in the application process. In theory, the AI would help insurers pick the plan most suited to the customer's needs.
We often see law firms give answers to cybersecurity application questions that are, well, wrong. Sometimes they make mistakes in their answers, but sometimes they know they are giving an incorrect answer. Hence, the risk assessment done by the insurer might be a fairy tale.
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