The number of people with active health insurance coverage varies between men and women, according to a new survey from Zelros.
According to the research, which surveyed 1,000 people across the US, Canada, Europe and the UK, 75.4 per cent of men reported that they have active health insurance policies. In contrast, only 60.9 per cent of women reported having health insurance policies.
The study suggests that the expense of health insurance may be one factor in why so many individuals lack it. But individualised insurance plans made possible by artificial intelligence (AI) technology may result in more accessible insurance solutions in the future.
AI technology can help eliminate prejudices in the insurance sector and increase the number of women and minority groups who receive the coverage they require but may not have previously received. This is especially true if it is managed and led by a diverse staff.
Zelros says that making sure AI is led by a diverse team can help more individuals obtain the coverage they require and close disparities in the insurance sector, particularly those relating to gender and ethnicity.
Zelros says it makes use of data and AI to deliver individualised insurance advice across channels, enhancing the client experience at every point of contact. Because of this, insurance providers may provide more affordable insurance recommendations and prevent customers from paying more for coverage they might not require.
Zelros chief marketing officer Linh C. Ho says: “Everybody needs to have a seat at the table. Biases occur as a result of incomplete data or existing bad data that can lead to an AI that is unethical. If a team lacks the diversity of different viewpoints, thought processes and life experiences, corrupt data can go undetected. Leading to unequal policy recommendations even when the only variable is for example, gender.”
