2023 AOSSM Annual Meeting Recordings with CME-Is Machine Learning Always the Way? What are the Ramifications for Insurance: Peers to Tears

Is Machine Learning Always the Way? What are the Ramifications for Insurance: Peers to Tears

Video Transcription

Video Summary

In this video, the speaker discusses the topic of machine learning and when it is appropriate to use it. They define machine learning as a computer process for prediction, which is a component of artificial intelligence. They suggest that machine learning is valuable when interested in prediction but may not be suitable for understanding associations and making inferences. The speaker also explores the potential applications of machine learning in the insurance industry, such as fraud detection and outcome prediction. They emphasize the importance of data and proper variables for accurate modeling and suggest that clinical prediction models should be monitored and transparent. The video concludes by highlighting the need for active engagement and control in using machine learning algorithms.

Asset Caption

David Landy, MD, PhD

Keywords

machine learning

prediction

insurance industry

data

algorithms