A panel of industry experts examine what the latest tech wave means for insurers and how they can keep pace with customers and competitors. This webinar was sponsored by LexisNexis Risk Solutions.
The speed of AI and its ability to retrieve information quickly means its a great tool in easing the path for prospective insureds.
Regulators have become increasingly interested in what data organizations collect and retain about individuals, how that data is protected and ultimately whether that data is used appropriately.
Time is often a missing element in data sets. It's helpful to know a certain metric, but it's even more valuable to know how that's changed over time, and the direction of change.
In the ramp-up to utilizing artificial intelligence and machine learning, some make the mistake of assuming that all data is equal, and that all data is equally usable.
Venturing into artificial intelligence and machine learning means bringing in new skills and personnel, but ultimately it may be less costly than many large-scale technology projects.