Risk assessment has always been data driven. However, with 90 percent of the world’s data having been created in the past five years, new opportunities abound for how this is done. Massive computing power and breakthrough algorithms offer predictive capabilities that could only be imagined a few years ago.
Hosted by Argo Digital, an emerging insurtech practice within property and casualty carrier ARGO (NAS: AGII), leaders of industry address how:
– The massive amount of data being generated lends itself to predictive risk assessment (for both risk-takers and risk-bearers).
– We can apply AI and machine learning to this data and affect smarter underwriting.
– In a complex world with an increasingly tangled risk matrix, we use this data as a strategic advantage.