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Usage of AI can enable in lowering operating expenses, and at the similar time, can boost client satisfaction throughout the renewal process, claims, and other solutions. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. Further, VR/AR can also prove to be a precious answer in delivering remote assistance as it can support in avoiding unnecessary travel. The report will account for Covid19 as a key market place contributor.