Untapped Potential of Artificial Intelligence - Insurance Thought Leadership

Few insurers have sufficient high-quality and correctly classified training data with which to learn AI algorithms. Smart technologies, artificial intelligence (AI) and machine learning are all on the agenda for insurers. But how intelligent are the systems really? Google, Amazon or Facebook have led the way, and data is the currency of the future. This is particularly true for insurers, because, if you know your customers' behavior and life situation, you can price risks more accurately, minimize fraud and better meet customer expectations.