Machine learning is now able to analyze court decisions and predict how judges may respond in certain situations, based on an analysis of existing caselaw.
Artificial intelligence technology is currently available to analyze tax and employment caselaw, but it’s easy to see how this could be relevant to the insurance space as well – particularly in the claims area. Potential uses could include analysis of decisions around tort liability, for example, or accident benefits cases.
A tax law expert recently provided an illustration of how the technology works in a webinar Wednesday. Benjamin Alarie, CEO and co-founder of Blue J Legal, uses the artificial intelligence suite to predict how the courts may decide issues about things such as tax deductions.