A word with Mark Senkevics
“There will be more accurate underwriting, and to a certain extent it probably removes some human emotion in terms of decision making too” – Mark Senkevics, head of Swiss Re Australia and New Zealand, on why the global reinsurer plans to engage IBM’s artificial intelligence system, IBM Watson, to assess life insurance risks in Australia. Read in the context of innovation under the gun. Think: reinsurers are having a rough time due to heightened competition and low investment yields.
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