Nos derniers articles

This study examines the use of #artificialintelligence (#ai) and #bigdata data analytics by #insurers in #belgium for segmentation purposes to determine #claims#probability for prospective policyholders. The implementation of AI and big data analytics can benefit insurers by increasing the accuracy of #riskassessment. However, pervasive segmentation can have negative implications and potentially harm policyholders if their risk is incorrectly calculated. Existing restrictions in #insurance#regulations fall short of protecting policyholders from inaccuracies in risk assessments, potentially resulting in incorrect #premiums or conditions.

"The standard statistical approaches to assessment of insurability and potential mispricing are enhanced in several aspects involving consideration of model risk … We demonstrate how to quantify the effect of model risk in this analysis by incorporating various robust estimators for key model parameter estimates that apply in both marginal and joint cyber risk loss process modelling."