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( ML ) algorithms for pattern recognition and improved modelling will combine with new aspects of IoT , such as using drones for remote inspections , as well as virtual reality ( VR ) and augmented reality ( AR ) for improved training , claims assessment and risk mitigation . “ However ,” Rutman interjects , “ it may or may not be technology that creates the next wave of innovation in insurtech ; it may instead be changes to privacy laws , consumer comfort with sharing personal data , or new leading indicators used to quantify and value risk that lead to the next breakthrough in insurance innovation .” One possible effect of the COVID-
19 pandemic is the acceleration of
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