Artificial Intelligence- (AI) driven Big Data analytics are becoming a core capability for financial institutions, giving rise to promises of profits and increased efficiency both for new FinTech firms and incumbent institutions. This, however, may come at a cost to consumers. This chapter...

Developments in Artificial Intelligence (AI)- and Big Data- powered tools — both existing and emerging — are predicted to have a revolutionary effect on the insurance industry in the near future. These technological advancements have begun materialising at challenging times for the insurance...