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

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

Potential Vendors