Breaking News

CLS Appoints Six New Board Directors Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World SumUp Launches in Canada European Fintech Association Elects New Board of Directors G+D: Navigating the Future of Fintech Agility and Innovation Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support FreeAgent Launches New AI Tool for Landlords to Capture Rental Statements EXCLUSIVE: “Keeping The Rubber on Track” – Nick Kerigan, Swift in ‘The Fintech Magazine’ Megadeals Are Back. Here’s Why J-P Conte Thinks Patient Capital Still Wins. A New Way to Get Paid: Modulr Adds cVRP to Its Collections Hub DIFC Future of Finance Report: Digital Native, AI Driven Challenger Banks Redefining Banking Models, Signalling Industry’s Biggest Shift Since 2008 UK Financial Institutions Look to Decade of AI-Driven Growth as Confidence Strengthens LUMIQ Raises Strategic Funding to Become the AI Decision Layer for Financial Services easypaisa and Binance Sign MoU to Explore Emerging Financial Technology Growth in Pakistan A Third of UK Consumers Would Switch Banks for Wooden Payment Cards

Home » Fintech TV » Simon Pink – How AI And Deep Learning May Impact The Insurance Industry

July 13 2023

Simon Pink – How AI And Deep Learning May Impact The Insurance Industry

Share this post:

Here, Simon Pink, UK Head Of Emerging Technology at QBE Ventures, gives his insight into how he sees Artificial Intelligence and deep learning impacting the insurance industry within the next few years. QBE Ventures is the venture investment arm of QBE Insurance Group.

“Internally we’re seeing some great examples emerge and become more robust in the context of claims handling and being able to ingest structured data, claims, written documents, extracting the salient features and starting to put them into that workflow. And that will continue to emerge.”

“We’re seeing new risks emerge and the example I go to is automated vehicles. This is a vehicle, this is a machine that’s driven by AI, how do you insure that? And how do you understand how that’s going to behave … If the automated vehicle has an accident, as an insurer, you’ve covered that to some extent … How are you going to process that at a scale and deal with that? So there’s a challenge there that I think we’re going to have to deal with.”

People In This Post

Simon Pink

QBE Ventures

Companies In This Post

QBE Ventures