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 >