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April 27 2023

Using AI to Tailor Your Insurance Policy

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The insurance industry is a hotbed of AI and ML innovation and we wanted to know how they’re using the technology to enhance their offering.

In this video, Tom Clay from Covéa explains how using a wider range of data could help providers like them to better assess risk en masse. By getting to know the customer and their daily lives better, it could be possible to proactively anticipate someone’s risk exposure, price accordingly and pay the claims that need to be paid.

It’s an exciting picture of the future for proactive insurance, that should ultimately benefit the consumer.

“We want to get to a point where we’re proactive in anticipating risks before they even occur… where we know when this stuff might happen, and when you marry together customer data and open access data you get a more diverse picture.”

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Tom Clay

Covea Insurance

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Covea Insurance | Fintech Finance

Covea Insurance
  1. EXCLUSIVE: “Stable & Secure?” – Simone Loefgen, Commerzbank in ‘Discover Sibos 2025’

    Discover Sibos 2025

     Read more
  2. CBI Drives Verification of Payee Compliance in Italy

    Fintech TV

     Read more
  3. Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers

    Funding

     Read more
  4. Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil

    Fintech

     Read more
  5. EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’

    The Fintech Magazine

     Read more
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