Harnessing the Power of Data Logistics & Artificial Intelligence in Insurance and Risk Management

Data is quickly becoming the most valuable asset in the insurance sector, given its tremendous volume in our digital era. Simultaneously, Artificial Intelligence (AI), harnessing big data and complex structures with Machine Learning (ML) and other methods, is becoming more powerful. Insurers expect more efficient processes, new product categories, more personalized pricing, and increasingly real-time service delivery and risk management from this development. Given the many leverage points in insurance, it surprises that AI-driven digitization is not evolving more rapidly. When according to a recent Gartner[2] study, 85 % of data science projects fail, how can insurance companies make sure that their projects are among the successful ones[3]?