(optimistic electronic music)
- The foundation of insurance is really the transfer of risk
and to effectively transfer risk, you need data.
You know, big data, artificial intelligence,
machine learning, all of these things will go
to help improve underwriting
and improve insurance processes.
I think that the application
of artificial intelligence coupled
with the data explosion can really help
in terms of underwriting new risks
and properly predicting risk and loss,
which could actually create, again,
new product opportunities for existing incumbents.
(optimistic electronic music)