Wednesday, September 9, 2020

Covid makes insurers accelerate use of AI, automation

If you were taking an insurance policy from Star Health and Allied Insurance, the company earlier required you to undergo a medical check-up. But that’s now been discontinued. The insurer has built a risk appetite model. When you want to buy a policy, you have to declare existing health conditions. If these conditions are recognised by the model, a health policy is automatically approved. In case you declare diseases that the model does not recognize, a telemedical consultation follows.

from Gadgets Now https://ift.tt/2FdKFuf

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