Impact of Artificial Intelligence and Machine Learning on Automobile Insurance

Running head: ENTERPRISE PLANNING AND IMPLEMENTATION
ENTERPRISE PLANNING AND IMPLEMENTATION
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ENTERPRISE PLANNING AND IMPLEMENTATION 1
Abstract:
The purpose of this paper is finding out how the impact of artificial intelligence
and machine learning can change the insurance of the automobile industry. The automobile
companies have used in the traditional way for the regression that is multivariate, to generate
insurance premium for the consumers. Artificial intelligence and machine learning are having
the ability to presenting some opportunities that are new for the automobile insurance
program.

2ENTERPRISE PLANNING AND IMPLEMENTATION
Table of Contents
Introduction:...............................................................................................................................3
Strategy:.....................................................................................................................................3
The motivation of business:.......................................................................................................4
Business model:.........................................................................................................................6
Value chains:..............................................................................................................................6
Capabilities of the organization:................................................................................................7
Future states and risks:...............................................................................................................8
Conclusion:................................................................................................................................8

3ENTERPRISE PLANNING AND IMPLEMENTATION
Introduction:
Already the artificial intelligence and machine learning is being used for the
automobile insurance industry as well as these two things are changing the entire scenario of
the game. The automobile insurance companies have been traditionally used for the
regression that is multivariate to generate insurance premium for the customer (Baecke and
Bocca, 2017). The artificial intelligence and machine learning both are having the ability to
presenting new opportunities and ideas for the automobile insurance program. The primary
purpose of this paper finds out how the impact of artificial intelligence and machine learning
can change the insurance of the automobile industry for Allianz Car Insurance. Presently the
automobile companies are offering auto insurance program that is too in the form of machine
learning and artificial intelligence (Blumer et al., 2015). Though machine learning and
artificial intelligence are having their infancy if their own but most of the experts are
assuming that machine learning and artificial intelligence will play an essential role in the
automobile insurance industry.
Strategy:
The automobile insurance industry is staying onto the seismic verge, which is the shift
of tech-driven. Machine learning and artificial intelligence will play an important role in the
future but for the implementation of these technologies. There has to be the existence of some
strategies, as there would be one personal assistance that is for the consumers, which shall
have, be an ability for ordering the consumer, an autonomous car for meeting up across entire
the town (Bourne et al., 2014). As looking through Scott's eyes, at the time of arriving of a
car as well as whether the customer shall make the route map himself, which would be the
route. The assistance will share the map of the route immediately with the insurance company
who must respond immediately as well as will suggest one more alternative route. It shall not