Earlier this month SAS Principal Business Solutions Manager, Risk, Fraud & Compliance, Nick Feast spoke at a conference on the topic of AI’s role in insurance.
“Skilled and talented people are still the most valuable resource when it comes to combating fraud. They have logic and reasoning which AI cannot provide,” states the manager. AI has been a part of the insurance industry for a long while and as such, insurers are well placed to drive development of the technology forward. However, the success of AI in this sector and especially for insurers alone is how good the data is that the AI is being fed. Data scientists are essential in making that determination as well as insuring that the outputs from the AI are valid.
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