From reactive cover to predictive protection: How AI is rewriting the future of business insurance
Insurance is no longer just about writing a cheque after something goes wrong. As cyberattacks, AI-driven fraud, operational disruptions, and emerging digital risks become increasingly unpredictable, businesses are turning to technology to identify and mitigate risks before they translate into losses. AI, in particular, is reshaping how risks are assessed, policies are structured, and businesses prepare for threats that are evolving faster than traditional insurance models.
In an exclusive interaction with Express Computer, Sajja Praveen Chowdary, Director, Policybazaar for Business, discusses how technology is pushing insurance from a reactive safety net to a proactive risk-management tool. He also highlights the growing cyber insurance protection gap, the potential for dynamic risk assessment and pricing, and why Indian businesses need to move beyond treating insurance as an annual procurement exercise.
Insurance is often seen as a reactive product, something companies buy after identifying a risk. Is technology changing insurance into a more...
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