AI News

InsurTech Strikes: How AI and Machine Learning Are Redefining the Insurance Industry

The insurance industry has operated with great consistency and clear processes for many years. People may not always like or agree with how things work, but nearly everyone from the consumer to the provider essentially goes with it — no …

Four Ways that AI Enables Insurers to Differentiate

Insurance companies are generating more data than ever before, and the value of that data is rapidly increasing as new products are able to properly analyze and make use of it. Beyond traditional analytics, one way that data can deliver …

White Paper Reveals Impact of Attorney Involvement on Workers’ Comp Claim Costs

Injured workers who hire attorneys to handle their workers’ comp claims tend to stay on temporary disability longer, according to a newly released white paper by CLARA Analytics, an artificial intelligence and data science company that specializes in machine learning …

Allstate CEO: AI Will Thrash the Economy Like a ‘Tsunami’

Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said Thursday in an interview on Bloomberg TV from Aspen, Colorado. Automation …

ASU Students Use AI to Detect Wildfires

In 2017, nearly 72,000 wildfires burned more than 10 million acres nationwide, according to the National Interagency Fire Center. It cost $2.4 billion to fight them. In Arizona last year, more than 2,300 wildfires scorched nearly 430,000 acres, and the …

Accenture Unveils Tool to Help Companies Ensure Their AI Is Fair

Consulting firm Accenture has a new tool to help businesses detect and eliminate gender, racial and ethnic bias in artificial intelligence software. Companies and governments are increasingly turning to machine-learning algorithms to help make critical decisions, including who to hire, …

Americans Remain Concerned That AI Will Hurt Jobs

Will artificial intelligence ultimately help or hurt U.S. workers? A Brookings Institution survey offers fresh fodder for the debate, showing opinion is heavily tilted against AI at a time companies are increasingly looking for ways to include it in everything …

Humans Hit Back Against Robots Mining Personal Finance Data, Insurance Info

Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools they use to help root out fraud, check borrowers’ creditworthiness and …

Accenture: Insurer Workforce Needs Reshaping to Embrace AI

Insurers risk missing major growth opportunities unless CEOs take immediate steps to redesign work, bring in new talent, and pivot their existing workforces to work with artificial intelligence (AI), according to new research by Accenture. According to the report – …

AI-Related Liability Considerations

The recent deadly crash of an Uber autonomous car in Arizona highlights the evolving risk related to artificial intelligence (AI). A newly released report by Allianz Global Corporate & Specialty, The Rise of Artificial Intelligence: Future Outlook and Emerging Risks, …