Insight
Thailand in focus - What's new in Non-Life August 2022
The latest on Thailand non-life insurance: Premiums rise 2.3% 1Q versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.
Applications rooted in artificial intelligence (AI) have stirred up a revolution in almost every industry. Not in the least, this includes the insurance sector, which has traditionally been highly data-driven. However, despite the great predictive powers these machine learning (ML) algorithms possess, a major hurdle limits their widespread adoption: they are often opaque black boxes. This lack of transparency limits both the public’s and your company employees’ trust in such algorithms. In this article we discuss the techniques available to mitigate this issue and what should be considered in their implementation.
Insight
The latest on Thailand non-life insurance: Premiums rise 2.3% 1Q versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.
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