AI and insurance: Exchanging privacy for a cheaper rate

Do you have car insurance? Chances are you are a customer of at least one insurance company and a policyholder on one or more types of insurance. If so, you should pay particular attention to the fact that the global insurance industry is seeking to harness artificial intelligence solutions. While the use of AI technologies in insurance has the potential to streamline company operations and reduce consumer prices, it also raises unprecedented new issues related to personal privacy. As with many discussions of artificial intelligence, understanding its impact starts with understanding data.