Insurance by Algorithm

European Insurance Law Review, No. 2, 2018

Bocconi Legal Studies Research Paper No. 3284437

13 Pages Posted: 10 Dec 2018

See all articles by Angelo Borselli

Angelo Borselli

Bocconi University - Department of Law

Date Written: March 1, 2018


Artificially intelligent algorithmic systems have the potential to transform large sectors of the economy, and the insurance sector makes no exception. Although the insurance industry might have been slow in recognizing and exploiting the value of artificial intelligence at first, today the applications of intelligent machines in insurance are growing. This essay considers the role that artificial intelligence and machine learning can play in insurance. It discusses some current uses and also focuses on the possible application of artificial intelligence to smart contracts. Some of the main issues related to artificially intelligent algorithmic systems are also touched upon, highlighting the need to ensure transparency and accountability of automated decision-making.

Keywords: Insurance, 2.0, artificial intelligence, machine learning, contract, automation, smart contracts, blockchain, algorithm, regulation, law, data, InsurTech, FinTech

Suggested Citation

Borselli, Angelo, Insurance by Algorithm (March 1, 2018). European Insurance Law Review, No. 2, 2018, Bocconi Legal Studies Research Paper No. 3284437, Available at SSRN:

Angelo Borselli (Contact Author)

Bocconi University - Department of Law ( email )

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Milan, 20136

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