Artificial Intelligence In Insurance And Finance

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Artificial Intelligence in Insurance and Finance

Author : Glenn Fung,Sou Cheng Choi,Luisa Fernanda Polania Cabrera,Victor Wu,Lawrence Kwan Ho Ma
Publisher : Frontiers Media SA
Page : 135 pages
File Size : 52,6 Mb
Release : 2022-01-04
Category : Science
ISBN : 9782889718115

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Artificial Intelligence in Insurance and Finance by Glenn Fung,Sou Cheng Choi,Luisa Fernanda Polania Cabrera,Victor Wu,Lawrence Kwan Ho Ma Pdf

Luisa Fernanda Polania Cabrera is an Experienced Professional at Target Corporation (United States). Victor Wu is a Product Manager at GitLab Inc, San Francisco, United States. Sou-Cheng Choi is a Consulting Principle Data Scientist at Allstate Corporation. Lawrence Kwan Ho Ma is the Founder, Director and Chief Scientist of Valigo Limited and Founder, CEO and Chief Scientist of EMALI.IO Limited. Glenn M. Fung is the Chief Research Scientist at American Family Insurance.

Ai & Quantum Computing For Finance & Insurance: Fortunes And Challenges For China And America

Author : Lee David Kuo Chuen,Schulte Paul
Publisher : World Scientific
Page : 692 pages
File Size : 50,6 Mb
Release : 2019-04-16
Category : Business & Economics
ISBN : 9789811203916

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Ai & Quantum Computing For Finance & Insurance: Fortunes And Challenges For China And America by Lee David Kuo Chuen,Schulte Paul Pdf

This book offers a framework and analysis for the current technological landscape between the United States and China across the financial and insurance sectors as well as emerging technologies such as AI, Blockchain, Cloud and Data Analytics and Quantum Computing (ABCDQ). Based on original lecture slides used by the authors, the book presents contemporary and critical views of emergent technologies for a wide spectrum of readers from CEOs to university lecturers to students. The narrative aims to help readers upgrade their technology literacy and to overcome the fear of AI posed by our lizard brain.

Applications of Artificial Intelligence in Business and Finance

Author : Vikas Garg,Shalini Aggarwal,Pooja Tiwari,Prasenjit Chatterjee
Publisher : CRC Press
Page : 272 pages
File Size : 45,5 Mb
Release : 2021-12-23
Category : Science
ISBN : 9781000290417

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Applications of Artificial Intelligence in Business and Finance by Vikas Garg,Shalini Aggarwal,Pooja Tiwari,Prasenjit Chatterjee Pdf

As transactions and other business functions move online and grow more popular every year, the finance and banking industries face increasingly complex data management and identity theft and fraud issues. AI can bring many financial and business functions to the next level, as systems using deep learning technologies are able to analyze patterns and spot suspicious behavior and potential fraud. In this volume, the focus is on the application of artificial intelligence in finance, business, and related areas. The book presents a selection of chapters presenting cutting-edge research on current business practices in finance and management. Topics cover the use of AI in e-commerce systems, financial services, fraud prevention, identifying loan-eligible customers, online business, Facebook social commerce, insurance industry, online marketing, and more.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author : El Bachir Boukherouaa,Mr. Ghiath Shabsigh,Khaled AlAjmi,Jose Deodoro,Aquiles Farias,Ebru S Iskender,Mr. Alin T Mirestean,Rangachary Ravikumar
Publisher : International Monetary Fund
Page : 35 pages
File Size : 44,6 Mb
Release : 2021-10-22
Category : Business & Economics
ISBN : 9781589063952

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Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by El Bachir Boukherouaa,Mr. Ghiath Shabsigh,Khaled AlAjmi,Jose Deodoro,Aquiles Farias,Ebru S Iskender,Mr. Alin T Mirestean,Rangachary Ravikumar Pdf

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

The AI Book

Author : Ivana Bartoletti,Anne Leslie,Shân M. Millie
Publisher : John Wiley & Sons
Page : 782 pages
File Size : 42,6 Mb
Release : 2020-04-09
Category : Business & Economics
ISBN : 9781119551928

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The AI Book by Ivana Bartoletti,Anne Leslie,Shân M. Millie Pdf

Written by prominent thought leaders in the global fintech space, The AI Book aggregates diverse expertise into a single, informative volume and explains what artifical intelligence really means and how it can be used across financial services today. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. Coverage includes: · Understanding the AI Portfolio: from machine learning to chatbots, to natural language processing (NLP); a deep dive into the Machine Intelligence Landscape; essentials on core technologies, rethinking enterprise, rethinking industries, rethinking humans; quantum computing and next-generation AI · AI experimentation and embedded usage, and the change in business model, value proposition, organisation, customer and co-worker experiences in today’s Financial Services Industry · The future state of financial services and capital markets – what’s next for the real-world implementation of AITech? · The innovating customer – users are not waiting for the financial services industry to work out how AI can re-shape their sector, profitability and competitiveness · Boardroom issues created and magnified by AI trends, including conduct, regulation & oversight in an algo-driven world, cybersecurity, diversity & inclusion, data privacy, the ‘unbundled corporation’ & the future of work, social responsibility, sustainability, and the new leadership imperatives · Ethical considerations of deploying Al solutions and why explainable Al is so important

Machine Learning in Insurance

Author : Jens Perch Nielsen,Alexandru Asimit, Ioannis Kyriakou
Publisher : MDPI
Page : 260 pages
File Size : 47,8 Mb
Release : 2020-12-02
Category : Business & Economics
ISBN : 9783039364473

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Machine Learning in Insurance by Jens Perch Nielsen,Alexandru Asimit, Ioannis Kyriakou Pdf

Machine learning is a relatively new field, without a unanimous definition. In many ways, actuaries have been machine learners. In both pricing and reserving, but also more recently in capital modelling, actuaries have combined statistical methodology with a deep understanding of the problem at hand and how any solution may affect the company and its customers. One aspect that has, perhaps, not been so well developed among actuaries is validation. Discussions among actuaries’ “preferred methods” were often without solid scientific arguments, including validation of the case at hand. Through this collection, we aim to promote a good practice of machine learning in insurance, considering the following three key issues: a) who is the client, or sponsor, or otherwise interested real-life target of the study? b) The reason for working with a particular data set and a clarification of the available extra knowledge, that we also call prior knowledge, besides the data set alone. c) A mathematical statistical argument for the validation procedure.

Big Data

Author : Kiran Sood,Rajesh Kumar Dhanaraj,Balamurugan Balusamy,Simon Grima,R. Uma Maheshwari
Publisher : Emerald Group Publishing
Page : 283 pages
File Size : 46,5 Mb
Release : 2022-07-19
Category : Business & Economics
ISBN : 9781802626070

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Big Data by Kiran Sood,Rajesh Kumar Dhanaraj,Balamurugan Balusamy,Simon Grima,R. Uma Maheshwari Pdf

Striking a balance between the technical characteristics of the subject and the practical aspects of decision making, spanning from fraud analytics in claims management, to customer analytics, to risk analytics in solvency, the comprehensive coverage presented makes Big Data an invaluable resource for any insurance professional.

Disrupting Finance

Author : Theo Lynn,John G. Mooney,Pierangelo Rosati,Mark Cummins
Publisher : Springer
Page : 194 pages
File Size : 52,6 Mb
Release : 2018-12-06
Category : Business & Economics
ISBN : 9783030023300

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Disrupting Finance by Theo Lynn,John G. Mooney,Pierangelo Rosati,Mark Cummins Pdf

This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry.

The Digital Journey of Banking and Insurance, Volume II

Author : Volker Liermann,Claus Stegmann
Publisher : Springer Nature
Page : 362 pages
File Size : 54,9 Mb
Release : 2021-10-27
Category : Business & Economics
ISBN : 9783030788292

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The Digital Journey of Banking and Insurance, Volume II by Volker Liermann,Claus Stegmann Pdf

This book, the second one of three volumes, gives practical examples by a number of use cases showing how to take first steps in the digital journey of banks and insurance companies. The angle shifts over the volumes from a business-driven approach in “Disruption and DNA” to a strong technical focus in “Data Storage, Processing and Analysis”, leaving “Digitalization and Machine Learning Applications” with the business and technical aspects in-between. This second volume mainly emphasizes use cases as well as the methods and technologies applied to drive digital transformation (such as processes, leveraging computational power and machine learning models).

Big Data and Artificial Intelligence in Digital Finance

Author : John Soldatos,Dimosthenis Kyriazis
Publisher : Springer Nature
Page : 371 pages
File Size : 46,6 Mb
Release : 2022
Category : Artificial intelligence
ISBN : 9783030945909

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Big Data and Artificial Intelligence in Digital Finance by John Soldatos,Dimosthenis Kyriazis Pdf

This open access book presents how cutting-edge digital technologies like Machine Learning, Artificial Intelligence (AI), and Blockchain are set to disrupt the financial sector. The book illustrates how recent advances in these technologies facilitate banks, FinTechs, and financial institutions to collect, process, analyze, and fully leverage the very large amounts of data that are nowadays produced and exchanged in the sector. To this end, the book also introduces some of the most popular Big Data, AI and Blockchain applications in the sector, including novel applications in the areas of Know Your Customer (KYC), Personalized Wealth Management and Asset Management, Portfolio Risk Assessment, as well as variety of novel Usage-based Insurance applications based on Internet-of-Things data. Most of the presented applications have been developed, deployed and validated in real-life digital finance settings in the context of the European Commission funded INFINITECH project, which is a flagship innovation initiative for Big Data and AI in digital finance. This book is ideal for researchers and practitioners in Big Data, AI, banking and digital finance. Introduces the latest advances in Big Data and AI in Digital Finance that enable scalable, effective, and real-time analytics; Explains the merits of Blockchain technology in digital finance, including applications beyond the blockbuster cryptocurrencies; Presents practical applications of cutting edge digital technologies in the digital finance sector; Illustrates the regulatory environment of the financial sector and presents technical solutions that boost compliance to applicable regulations; This book is open access, which means that you have free and unlimited access.

Blockchain, Artificial Intelligence and Financial Services

Author : Sean Stein Smith
Publisher : Springer Nature
Page : 260 pages
File Size : 43,9 Mb
Release : 2019-11-15
Category : Business & Economics
ISBN : 9783030297619

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Blockchain, Artificial Intelligence and Financial Services by Sean Stein Smith Pdf

Blockchain technology and artificial intelligence (AI) have the potential to transform how the accounting and financial services industries engage with the business, stakeholder and consumer communities. Presenting a blend of technical analysis with current and future applications, this book provides professionals with an action plan to embrace and move forward with these new technologies in financial and accounting organizations. It is written in a conversational style that is unbiased and objective, replacing jargon and technical details with real world case examples.

The Economics of Artificial Intelligence

Author : Ajay Agrawal,Joshua Gans,Avi Goldfarb,Catherine Tucker
Publisher : University of Chicago Press
Page : 172 pages
File Size : 50,8 Mb
Release : 2024-03-05
Category : Business & Economics
ISBN : 9780226833125

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The Economics of Artificial Intelligence by Ajay Agrawal,Joshua Gans,Avi Goldfarb,Catherine Tucker Pdf

A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Artificial Intelligence in Financial Services and Banking Industry

Author : Dr. V.V.L.N. Sastry
Publisher : Idea Publishing
Page : 87 pages
File Size : 40,9 Mb
Release : 2020-03-20
Category : Business & Economics
ISBN : 8210379456XXX

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Artificial Intelligence in Financial Services and Banking Industry by Dr. V.V.L.N. Sastry Pdf

In the last couple of years, the finance and banking sectors have increasingly deployed and implemented Artificial Intelligence (AI) technologies. AI and machine learning are being rapidly adopted for a range of applications for front-end and back end processes to both business and financial management operations. Thus, it is quite significant to consider the financial stability repercussions of such uses. Since AI is relatively new, the data on the usage is largely unavailable, any analysis may be necessarily considered Preliminary1 . Some of the current and potential use cases of AI and machine learning in the finance sector include the following.  Institutions use AI and machine learning methods to optimize scarce capital, back-test models, and analyze the market impact of trading large positions.  Financial institutions and vendors use AI and machine learning techniques to evaluate credit quality for market and price insurance contracts, and to automate client interaction.  Brokers, hedge funds, and other firms are using AI and machine learning to find pointers for higher (and uncorrelated) returns to optimize trading execution.  Private and public sector institutions use these technologies for data quality assessment, surveillance, regulatory compliance, and fraud detection. This book seeks to map the use of AI in current state of affairs in the banking and financial sector. By doing so, it explores:  The present uses of AI in banking and finance and its narrative across the globe.

Big Data for Insurance Companies

Author : Marine Corlosquet-Habart,Jacques Janssen
Publisher : John Wiley & Sons
Page : 190 pages
File Size : 50,5 Mb
Release : 2018-03-13
Category : Business & Economics
ISBN : 9781786300737

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Big Data for Insurance Companies by Marine Corlosquet-Habart,Jacques Janssen Pdf

This book will be a "must" for people who want good knowledge of big data concepts and their applications in the real world, particularly in the field of insurance. It will be useful to people working in finance and to masters students using big data tools. The authors present the bases of big data: data analysis methods, learning processes, application to insurance and position within the insurance market. Individual chapters a will be written by well-known authors in this field.