Artificial intelligence is at a tipping point. The AI of today is akin to the internet of the 1990s. It will have a massive impact on the way we live, work, and assess risk. For decades, carriers have been leveraging statistical models to understand risk on a regional level. However, that practice is falling short when it comes to managing risk in our rapidly changing world. Artificial Intelligence offers an opportunity to understand risk on the property level, drastically reduce exposure, increase customer satisfaction, and deal with an increasing number of catastrophes.