KPMG sees machine learning as a fundamental game - changes for the insurance sector . It states that most insurance companies are currently focused on improving compliance , cost structures and performance , and that machine learning can be at least part of the answer to all three . It adds that insurers are generally slow to adopt new technology and this has been the case with machine learning . It notes a move in the industry towards a " data driven " approach that rewards information sharing and collaboration which is seen as positive progress , and suggests that the winners will be those that take a measured and scientific approach to building capabilities .
KPMG sees machine learning as a fundamental game-changes for the insurance sector. It states that most insurance companies are currently focused on improving compliance, cost structures and competitiveness, and that machine learning can form at least part of the answer to all three. It adds that insurers are generally slow to adopt new technology and this has been the case with machine learning. It notes a move in the sector towards a "data driven" culture that rewards information sharing and collaboration which is sees as positive progress, and suggests that the winners will be those that take a measured and scientific approach to building capabilities.