Developing and managing trust in the algorithms | KPMG | PH

Developing and managing trust in the algorithms

Developing and managing trust in the algorithms

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developing and managing trust in the algorithms

By embracing advanced analytics and black-box algorithms, insurers have the ability to hand over many of their business decisions to machines.

Machine learning and cognitive computing are being harnessed to perform more complex, yet routine, tasks and, increasingly, to manage some under writing capabilities and claims processing. Many insurers are already applying predictive and prescriptive analytics to optimize operations, reduce losses and manage risk.

 

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