Machine learning employment by insurance businesses in Russia 2019, by operation

The share of respondents submitting no plans for machine learning usage in their insurance businesses in 2019 was significantly elevated, especially for claim settlement and actuarial calculations. However, pilot projects for applying machine learning models in rate-setting were reported by one half of the polled experts. Full-scale application rates of the named technology in the Russian insurance market remained limited as of 2019.

Degree of machine learning model employment in Russian insurance industry in 2019, by business segment

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Source

Release date

July 2019

Region

Russia

Survey time period

2019

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Statistics on "Insurance market in Russia"

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