Blog: Everything you were afraid to ask about algorithms
Covernet’s Jim Campbell explains what algorithms can do for brokers.
In case you hadn’t noticed, algorithms are making news. This summer’s row about examinations saw students take to the streets to protest against an algorithm that, they argued, had downgraded their GCSE and A-level results. In the US in 2016, there was an outcry when an investigation found that an algorithm used to guide judges on sentencing was attributing a much higher chance of re-offending to black subjects than white subjects.
All of this may seem a long way from insurance broking, but if
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