Simplified Issue is Expanding the Limits of Underwriting
Previously reserved for the hard to insure, simplified issue products have evolved into fully underwritten simplified products. Backed by artificial intelligence, these products have become an alternative to traditional simplified issue products.
Life Insurance and the Internet of Thinking
The RNS is not something from science fiction. It is one of a growing number of technologies that combine robotics, artificial intelligence, and connected devices to bring a new level of technological sophistication to the physical world. Such tools will have huge implications for the life insurance industry.
Citizen AI in Life Insurance
Not all that long ago, the most relevant question in the world of artificial intelligence (AI) was if this technology would make a significant impact on society.
Early Wins for OnePath's AI Insurance Underwriting Project
ANZ bank's insurance arm OnePath Life Insurance today revealed some early wins for its project with researchers at the University of Technology Sydney (UTS) which uses machine learning models and advanced analytics to improve the insurance underwriting process.
How AI Anxiety Is Creating More Jobs For Humans
Some experts predict a boom in jobs meant to ensure that AI systems keep in step with legal and regulatory obligations, ethical responsibilities, and community standards.
5 Ways MassMutual's AI Systems Could Evolve
Sears Merritt says the company has already learned interesting things about how people age.
Look Who's Fighting Our Algorithmic Overlords
A scientist has come up with a way to measure whether an AI is biased.
Artificial Intelligence and Underwriting
Is underwriting like a still photograph, a movie, or virtual reality? Georgio Mosis of RGAx Asia shares a fresh perspective.
How Haven Life uses AI, Machine Learning to Spin New Life out of Long-Tail Data
Haven Life is leveraging MassMutual's historical data to give instant life insurance approvals. Using AI and machine learning to derive new value from old data could become an enterprise staple.
Opinion: How Artificial Intelligence is Transforming Insurance
The insurance industry seems like a natural setting for artificial intelligence to take root. Solutions providing fraud analysis against claims data has been in place for some time at many companies, enabling rapid settlements with a high degree of assurance that fraudulent claims can be spotted before checks are cut and delivered. There’s also nothing new about automated underwriting at the front end of the policy lifecycle, assuring that most routine applications are processed and priced in the most expedient manner.