The role of AI and blockchain in insurance
Jean Ortiz-Perez our Head of Analytics has been featured in International Travel & Health Insurance journal.
In the article: Next generation travel insurance, Jean talks to the role of AI and blockchain in insurance.
Jean explained: “Its most common use in the insurance industry right now is claims management, allowing insurers to settle claims significantly faster than through the regular process. It is even possible to settle some claims (low-value claims, for example) instantly.” She also highlighted that AI is proving beneficial in a variety of applications, from fraud detection software and price optimisation engines, to cover personalisation and invoice recognition. “The techniques for modelling can vary from company to company, but essentially most are evolving rapidly towards deep learning and its application to solve a range of insurance problems."
Read the full article click here