UnderwriteMe to develop machine learning underwriting

Pacific Life Re and UnderwriteMe are collaborating with the University of Manchester for the development of a text mining and machine-learning underwriting process. In partnership with the National Centre of Text Mining (NaCTem), the project will develop a system for reading unstructured medical and textural data, such as doctors' reports on life and health insurance applications and claimants. The system has so far progressed to match human outcomes when identifying pertinent information from...