Nathan Schwartz discusses the future of AI in reinsurance analytics in Intelligent Insurer Monte Carlo Today

Nathan Schwartz, Head of Analytics, Howden Re discusses the future of AI in reinsurance analytics in Intelligent Insurer Monte Carlo Today article “From wildfire risk to fraud, AI and analytics reshape reinsurance”. 

From wildfire risk to fraud detection, Schwartz shows how AI will help with analytics, speed, and discipline in the (re)insurance market. 

“When PCs were sitting on everybody’s desk, nobody knew exactly how things would change, but we knew it would be dramatic. AI and machine learning are like that,” said Schwartz.  

Schwartz believes that the most transformative shift for the market might be in ubiquity. 

“These tools are going to become like our mobiles today, which seem like an extension of ourselves. That’s how AI tools will become for insurance companies; an extension of everything they do," said Schwartz.