AI Eats Insurance – Lemonade Stories

When food delivery services talk breathlessly about machine learning, feel free to roll your eyes: it's baked salmon they're dropping off, not Bayesian statistics. Insurance is another kettle of fish altogether. The birth of statistics is usually dated to 1662, when John Graunt calculated the probabilities of Londoners surviving to a given age. Lloyds of London started shortly thereafter, and advances in statistics and insurance have been inseparable ever since. Insurers, of course, have machines too, but the machine's'secret power' is its ability to extract prophetic insights from inhuman quantities of data.