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December 8, 2020

Six Things Newsletter | December 8, 2020

Summary:

In this week's Six Things, Paul Carroll discusses Google's DeepMind, a breakthrough in AI. Plus, smart contracts in insurance; surging costs of cyber claims; 4 stages of dominance in performance; and more.

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A Breakthrough in AI

Paul Carroll, Editor-in-Chief of ITL

You may have seen articles last week about a breakthrough for artificial intelligence in medicine that managed to be arcane and exciting at the same time. Google’s DeepMind solved a 50-year-old problem related to protein folding — news only for geeks, right? Not so: The solution opens up all sorts of possibilities for understanding the inner workings of the human body and for rapid development of drugs.

What I haven’t yet seen explained — amid all the speculation about just how many Nobel Prizes in Medicine will spring from the work — is that the type of AI that DeepMind developed to solve the protein-folding conundrum should also provide breakthroughs in insurance. This type of AI can take dead aim at some core issues in insurance, especially in underwriting and claims…  continue reading >

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SIX THINGS

Smart Contracts in Insurance
by Ivan Kot

Smart contracts will likely be used first for simpler insurance processes like underwriting and payouts, then scale as technology and the law allow.

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Time to Try Being an Entrepreneur?
by Kate Terry

With businesses cutting back, many are asking that question. But there are huge misconceptions about how to think about the issue.

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Surging Costs of Cyber Claims
by Thomas Kang

With home-working widespread because of COVID-19, security around access and authentication points is critical.

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4 Stages of Dominance in Performance
by Kevin Trokey

Chances are, you have natural gifts. However, many of the skills you need must be developed, nurtured and maintained intentionally.

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Vintage Wine? Sure. But Vintage Tech?
by Ian Jeffrey

Legacy systems that have evolved over long periods can be bloated and far less efficient and cost-effective than more modern technologies.

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Do Health Plans Have the Right Data?
by Denise Olivares

Health plans strive to deliver efficiency and great customer experiences and improve care outcomes. But what data are they missing?

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