Artificial Intelligence in Underwriting (via Passle)

Lloyd's and the London market has a long and well- earned reputation for product innovation. It created the first ever marine insurance product back in Edward Lloyd's famous coffee shop over 325 years and has remained at the forefront of product, if not technology, innovation ever since. Its continuing ability to remain at the forefront of product innovation will define its future. In a rapidly changing world, the demand for greater certainty increases and that's what insurance is designed for. But it follows that the increased speed of change requires from the insurance industry a commensurate evolution in insurance product and that requires understanding what the future holds and the role that insurance can play within it.