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AI Use Case
Enhance life insurance by predicting lifestyle risks based on habits identified from social media
Use social media footprint to build predictive models for assessing individuals behaviour in the real world - specifically lifestyle behaviour and therefore insurance risk. This raises potential data protection concerns in markets like Europe.
Function
Benefits
Risk reduction - Evaluate counter-party risk (eg credit scores),Revenue - Pricing optimisation
Case Studies
Potential Vendors
Industry
Financial Services
Insurance
Data Sets
Text,Images,Video,Audio
AI Technologies
Traditional AI,Machine Learning (ML),ML Task - Prediction - Regression,ML Task - Prediction - Data Translation/Transformation,ML Task - Prediction - Annotation,ML Task - Prediction - Binary Classification,ML Task - Prediction - Multi-class Classification
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