Mastering a new AI-driven insurance world


Christian Wuestner

Mastering a new AI-driven insurance world

chombosan / istockphoto

The ways risks are likely to change due to artificial intelligence (AI) are manifold, presenting many challenges to the insurance industry, but they are the subject of much current debate and development, as Allianz and SCOR suggest in their reports.

The accident involving a self-driving Uber car that killed a woman in Arizona in March 2018 has made headlines around the world. The vehicle was in autonomous mode when it hit the woman, who was walking outside the crosswalk and later died at a hospital. 

“What we can learn from the Uber incident is that there will not be 100 percent security in autonomous driving even in an ideal world where all vehicles are autonomous,” says Michael Bruch, head of emerging trends at Allianz Global Corporate & Specialty (AGCS).

“An environment with zero accidents or fatalities is unrealistic. Imagine a child running directly in front of an autonomous car, the hardware would not be able to brake quickly enough to avoid an accident.”

Artificial Intelligence, Insurance, Reinsurance, Risk, Automation, Allianz, SCOR, Technology, Michael Bruch, Denis Kessler, Global

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