Mantra Labs Announces New Report Addressing Insurance Challenges, Solutions & Ripe Investment Opportunities in AI in 2020

“The State of AI in Insurance 2020” is Mantra Labs Point of View (POV) covering insights from the stalwarts of the Insurance Industry to strategize the Enterprise-level AI Journey.

Bengaluru, India, February 13, 2020 --( Mantra Labs, an AI-first products and solutions firm and a recognized InsurTech100 organization announced the publication of “The State of AI in Insurance 2020” report, exploring the ripe investment opportunities in AI across different sectors of the Insurance Value chain.

While C-Level Executives are increasing their pace of investment in big data and AI, 96% of enterprises face challenges in strategic AI implementation. Industry leaders are keen on securing the right data science teams in their organizations and investing in obtaining the right amount of data needed to train and support algorithm development.

Mantra Labs’ POV probes into the existing challenges, possible solutions, and more importantly — beacons the Insurers’ knowledge about what to automate and where to augment.

Report Highlights:

How will AI impact Insurance in 2020?
Breaking through the data silos and developing quality data
The role of AI in cross-channel integration
Insurance sectors ripe for investment in AI
The state of advanced Insurance Analytics in 2020 and beyond

The complete report can be downloaded here:

About the survey report:
This brief POV aims at helping Insurance decision-makers address the critical question of AI-based digital transformation and potentially develop strategies around it. Mantra Labs surveyed 114 senior business managers & executives across the auto, home, life and health markets within the Indian Insurance Landscape — to gauge the future state of AI in 2020.

About Mantra Labs:
Mantra Labs is an ISO 9001:2015 Certified AI-first products & solutions firm solving the most pressing front & back- office challenges faced by InsurTech and Insurance enterprises. In October 2019, Fintech Global recognized Mantra Labs as one of the top 100 innovative InsurTech companies in the world. Having worked with some of the World’s leading insurers like SBI General, Religare, DHFL Pramerica, Aditya Birla Health, and AIA Hongkong, Mantra Labs has been deeply involved in developing technology solutions for business-specific problems. The company also has strategic technology partnerships with MongoDB, IBM Watson, Nvidia, and Microsoft Azure.

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