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The risks and limitations of AI in insurance

IBM Big Data Hub

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Technological riskdata confidentiality The chief technological risk is the matter of data confidentiality.

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Private UK health data donated for medical research shared with insurance companies

The Guardian Data Protection

Observer investigation reveals UK Biobank opened its biomedical database to insurance firms despite pledge it would not do so Sensitive health information donated for medical research by half a million UK citizens has been shared with insurance companies despite a pledge that it would not be. Continue reading.

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Delivering business value for insurance companies

Collibra

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably. Drivers for cloud adoption.

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Trustworthy AI helps provide equitable preventative care for diabetics

IBM Big Data Hub

What’s a data fabric and how is it different from a data mesh? . The goal was to predict these risk periods within 30–60 days before hospitalization would be necessary, to give community health advocates time to intervene. In addition, they needed demographic data to ensure appropriate care for the community in need.

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Metromile: A FitBit for Your Car

John Battelle's Searchblog

But earlier this month I met with another perfect exemplar: Metromile , a company that is already upending industrial-age assumptions about what “insurance” should be.**. Metromile began as the brainchild of David Friedberg , co-founder and CEO of yet another information-first insurance breakout, Climate Corp. Simple, no?

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Generative AI use cases for the enterprise

IBM Big Data Hub

Key considerations: Tech stack: Ensure your existing technology infrastructure can handle the demands of AI models and data processing. Teamwork: Assemble a team with expertise in AI, data science and your industry. Data: High-quality, relevant data is the fuel that powers generative AI success.