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The robots are coming … is insurance ready for AI?
The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialise in a fast-moving competitive environment.
The usage and adoption of artificial intelligence (which refer to broadly herein to also include the application of AI to analytics of large data sets and in the context of machine learning (which includes the subsets of ML operations and deep learning)) has increased significantly over the past few years. However, in the past 12 months, AI has been profiled in some form in nearly every news cycle and dominated the social media feeds of nearly everyone in the professional world.
Read the entire Global Legal Insights article by Sean Christy and Chuck Hollis titled "AI, Machine Learning & Big Data Laws and Regulations 2023."
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The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialise in a fast-moving competitive environment.
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The increasing frequency and severity of climate-related natural disasters is having a big impact on physical risk exposures and the increasing protection gap.
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On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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