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.
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.
Machine learning is about taking vast amounts of data and making it actionable.
Machine learning can be as varied as the data itself, from text to image analytics to a widening array of sensor based data. The good news is that tools are advancing rapidly, and many are open sourced.
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.