New Delhi, Sept. 1 -- Artificial Intelligence (AI) is increasingly helping businesses manage risks more effectively and make better decisions, according to a report by Rubix.

The report, citing some examples, highlighted that AI enables insurance companies to make risk predictions at scale by analysing huge volumes of data.

It stated, "AI enables Insurance Companies to make these risk predictions at scale on huge volumes of data which would be very difficult for human beings to do".

According to these predictions, the report suggests that insurance companies can refine their business models and adjust pricing strategies according to the level of risk involved.

The report explained that risks can be divided into different stages, inclu...