Insurance works with large amounts of data, about many individuals, many instances requiring insurance, and many factors involved in solving the claims. To add to the complexity, not all insurance is ...

In 2020, the U.S. insurance industry was worth a whopping $1.28 trillion. High premium volumes show no signs of slowing down and make the American insurance industry one of the largest markets in the ...

Underwriting is a foundational process in all sectors of the insurance industry, yet the current process is laborious. Manual intervention can be very high, especially with life insurance--and human ...

2023 DEC 29 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily-- Current study results on Machine Learning have been published. According to news originating from Orleans, ...

ATHENS, Ga. (Reuters) - The Federal Reserve is still coming to grips with how large insurance companies should be regulated to protect the financial system, Atlanta Fed President Dennis Lockhart said ...

Insurance companies must adopt a bold vision for integrating AI and machine learning In just the last five years, the introduction of technological advances and mobile applications have enabled ...