How machine learning will change the insurance industry

Looking for patterns in large volumes of data is hardly new for insurance companies. In fact, big data is almost the foundation upon which the insurance industry is built. It's how decisions are made and policies are determined. And insurers are not oblivious to how technology can enable this; half of insurance executives are prioritising technology investments to capture new client insights over the next three years. '90 percent of the world's data has been created in the last two years,' says George Lee, CIO at Goldman Sachs.