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ARTICLE · 26 FEBRUARY 2019

Artificial Intelligence And Big Data Analytics For The Insurance Industry: Hot Topics In The Regulation Of InsurTech

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The insurance industry is facing the possibility to improve the performance capacity of its business by relying on artificial intelligence and big data analytics.

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The insurance industry is facing the possibility to improve the performance capacity of its business by relying on artificial intelligence and big data analytics. In this context, 'client risk-profiling algorithms' and knowledge of client habits/characteristics is going to be designed and implemented adequately, resulting in clients classified and assigned an accurate risk profile, together with the possibility to offer the necessary products at the exact price.

Insurance companies are developing automated tools for various products. This type of bundling (insurance and data-recording machine or security automation mechanism) is being used increasingly for products that have significant impact. Automated and semi-automated data recording tools are rapidly expanding in use in the consumer world, along with artificial intelligence tools that protect people and goods (and therefore reduce the probability and economic relevance of events covered by the relevant

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