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.
Machine learning is about taking vast amounts of data and making it actionable.
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.
Start with a small project and solid data. Learn and build from there.
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.