Dynamic Risk Classification and Premium Calibration Through Streaming Analytics: A Real-Time Machine Learning Framework for Insurance Underwriting Optimisation
Keywords:
dynamic risk classification, premium calibration, streaming analytics, real-time machine learning framework, insurance underwriting optimisationAbstract
Underwriting processes have moved from the company's headquarters to the cloud. At the same time, financial and insurance markets are ardently adopting artificial intelligence-based solutions, with those technologies and processes enabling superhuman performance in many applications. The data-driven approaches, and thus the AI, are gradually yet significantly overthrowing the old deductive manner, which may have seemed to be quite economically justified in the recent past.Downloads
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