Verisk launches over 100 Next Generation Models, including models for the APAC region, to enhance risk assessment and insured loss accuracy for the (re)insurance industry.
"What really sets companies apart is not whether you have this AI model, but how you organise data, harness the insights from the data and bring in third-party data partners," says Enoch Chan at Insurtech...
APRA underscores importance for insurers to adopt better data management practices, as multi-year study reveals gap between current and ideal approaches.