Big data

Digital Insurance spoke with three actuaries about emerging technologies and the challenge of explainability within complex models.

Consumer advocate notes that insurance regulators' standard for data collection lags regulators of other types of financial services

AI-powered catastrophe and risk models use varied sources, including aerial imagery.

Five best practices can assist in selecting and integrating generative AI data.

The senior data scientist shares about his work in identifying demographic bias in machine learning models.

Analytics and agent-to-broker communications are becoming more popular applications for cloud data management. Marketing and automation applications haven't yet reached that kind of critical mass. Google and Amazon discuss their cloud services approaches.

Rebuilding artificial intelligence algorithms to explicitly integrate transparency and overcome black box limitations.

The National Association of Insurance Commissioners has issued guidance to insurance companies about existing laws and governance requirements they need to follow as they develop and use AI models. Experts say it's a good first step.

Consumers preferred to share data using smart devices in the home: 45% said they are happy to share information via Amazon Alexa, Google Home and the like. A little over a third of consumers (36%) said they were willing to share data through wearables or fitness health tests.

Roots Automation, Cowbell Insurance and Capitola are among the younger companies that have started using GPT technologies.

Data scientist Cathy O'Neil warns that insurance companies need more risk pooling.

In May, the California Department of Insurance sent surveys to property & casualty insurers, to get information about how insurers are using tools like big data, artificial intelligence and machine learning in their decision making processes.

State Farm and Allstate are no longer writing new homeowner policies in California. But some insurtechs argue that with better data, carriers can make more nuanced decisions.

It can be hard to explain rationally why a digital insurance solution is trusted or not by customers, according to Burr, who is CEO of the iptiQ unit of the insurance company.

US lawmakers on Thursday questioned how new rules for artificial intelligence can protect against the technology's risks without reinforcing the early advantages enjoyed by tech giants such as Microsoft and Google.

Whole swaths of business activity, from sales and marketing to customer operations, are set to become more embedded in software.

The emerging area of connected insurance has the potential to help insurers prevent, mitigate, or lower potential risks relating to severe weather events.

Former RGA and startup executive joined Legal & General America in 2021.

AVP Bret Martin talks about how digital transformation is changing risk management.

The partnership with Arbol utilizes the power of blockchain and DLT in risk management, parametric insurance and reinsurance.