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Saturday, December 23, 2017

AI and Insurance

Some of our earliest work in advanced analytics and AI work dealt closely with risk and thus with elements of insurance.   And then talking to the insurance industry, so this DSC is interesting,  Insurance and risk is all about detecting and using complex patterns.

Artificial Intelligence (AI) Disrupts the Traditional Insurance Industry    Posted by Deena Zaidi  in DSC

relying on traditional virtual assistants. But with the advent of improved analytics, insurance technology startups (better known as Insurtech)are paving way for smarter and more innovative platforms.

With strong data analytics, Insurtech startups seem to have no lack of funding. According to a report by KPMG, since 2015 the interest in Insurtech has increased dramatically. The report shows that Insurtech startups attracted more than $1.7 billion worldwide in 2016.   .....  "

And a further look by regional and country participation.

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