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...

Commentators have predicted that the insurance industry will soon benefit from technological advancements, such as developments in Artificial Intelligence (‘AI’) and Big Data. The application of AI- and Big Data-powered tools promises cost reduction, the creation of innovative products, and...