Algorithms are becoming progressively ubiquitous in our society. This partly involves simple and easily interpretable calculation rules, but increasingly includes concepts based on machine learning that are less easy to understand.
This also raises the question whether all is well ‘under the hood’. This question is gradually going to play out for insurers who employ algorithms. In order to maintain (consumer) confidence, it is important to anticipate the impact of this theme in time.
Learn how to trust Algorithms.