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.
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.
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.
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.
The speed of AI and its ability to retrieve information quickly means its a great tool in easing the path for prospective insureds.