Machine Learning will Eat the Insurance World

Actuarial tables are a cornerstone of insurance and are a very basic form of machine learning. Take, for instance, mortality tables. These tables produce highly specific and shockingly accurate projections of how people born within a certain period will live. These projections don't just materialize out of thin air. They are formed and refined by millions of data points and real life examples inputted into the tables and then evaluated on an aggregate level.