artificial intelligence

A scientist has come up with a way to measure whether an AI is biased.

Is underwriting like a still photograph, a movie, or virtual reality? Georgio Mosis of RGAx Asia shares a fresh perspective.

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.

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.

“Alexa, can you reorder toothpaste, get bottled water, and purchase a 20-year, $500,000 term life insurance policy?”

OK, we’re not there yet, but there has been a significant evolution in the application of artificial intelligence (AI) and machine learning within the life insurance industry.

The rise of artificial intelligence is the great story of our time. Leaving the laboratory after decades in the making, artificial intelligence, or AI, is infusing itself into many aspects our daily lives – from homes and phones to cars and offices. Machines are now able to perform tasks that previously required human intelligence across various industries. Insurance, once perceived as highly resistant to change, has now accelerated the race for innovation.

Intelligence and awareness of our own being are two fundamental pillars of being human. But what happens when they’re no longer uniquely human traits?

Artificial intelligence (AI) is splashed throughout the headlines these days. AI recently beat the human Go champion, autonomous cars can drive themselves, social bots can mimic human interactions and converse with others in social networks, and AI totally manages some hedge funds.