Insurance


Octo Telematics Transforms the Insurance Industry with Cloudera's Machine Learning and Analytics Platform Markets Insider

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Cloudera, Inc. (NYSE: CLDR), the modern platform for machine learning and analytics, optimized for the cloud, announced that Octo Telematics, a global leader in telematics for insurance companies, is introducing innovations for insurance by aggregating 186 billion miles of driving data from connecte...


AI Eats Insurance

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When food delivery services talk breathlessly about machine learning, feel free to roll your eyes: it's baked salmon they're dropping off, not Bayesian statistics. Insurance is another kettle of fish altogether. The birth of statistics is usually dated to 1662, when John Graunt calculated the prob...



Daily Review: How Alibaba Uses AI to Its Advantage

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Ant Financial found through data analysis that young women who like tight jeans have their phone screens replaced more frequently. It then launched "screen insurance" targeting the demographic, China Daily Reports. And that is just one of the fascinating examples of how the combination of human and ...


ForwardLane Supercharges Advisors With AI and NLP

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According to reports, more than 90% of all data in the world has been created in the last 2.5 years and this will continue to exponentially increase. While there is an abundance of data available, efficiently synthesizing it and using it effectively still remains a challenge. Enter ForwardLane, the ...


Can Anyone Stop Amazon from Winning the Industrial Internet?

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Just the announcement that Jeff Bezos, Warren Buffett, and Jaime Dimon will be entering the health care space has sent shock waves for industry incumbents such as CVS, Cigna, and UnitedHealth. It also puts a fundamental question back on the agendas of CEOs in other industries: Will software eat the ...


Self-Driving Car Technology vs. Your Car Insurance Bill

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Britain's largest auto insurer, Direct Line, has been offering Tesla owners a sweet-sounding deal for the last few months: Enable Autopilot, the semi-autonomous driver-assist system, and get five percent off your yearly insurance premium. When the insurer announced the inducement in December, Tesla ...


Machine vision makes paper a thing of the past for insurers

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Can a notoriously slow, paper-based industry rejigger itself for the digital age? When it comes to insurance, an industry rich in data but a laggard in digitization, a software-as-a-service startup founded by former MetLife Global CIO Gary Hoberman believes a solution is at hand. Looking to establi...


23 Examples of How the Most Powerful Institutions Are Leveraging Machine Learning

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Machine learning and artificial intelligence will become the most defining technologies in banking and beyond, which led some of the most powerful institutions to seek partnerships, investments, and in-house developments to take advantage of application potential of machine learning and AI. Let's l...


His 2020 Campaign Message: The Robots Are Coming

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Among the many, many Democrats who will seek the party's presidential nomination in 2020, most probably agree on a handful of core issues: protecting DACA, rejoining the Paris climate agreement, unraveling President Trump's tax breaks for the wealthy. Only one of them will be focused on the robot apocalypse. That candidate is Andrew Yang, a well-connected New York businessman who is mounting a longer-than-long-shot bid for the White House. Mr. Yang, a former tech executive who started the nonprofit organization Venture for America, believes that automation and advanced artificial intelligence will soon make millions of jobs obsolete -- yours, mine, those of our accountants and radiologists and grocery store cashiers. He says America needs to take radical steps to prevent Great Depression-level unemployment and a total societal meltdown, including handing out trillions of dollars in cash. "All you need is self-driving cars to destabilize society," Mr. Yang, 43, said over lunch at a Thai restaurant in Manhattan last month, in his first interview about his campaign. In just a few years, he said, "we're going to have a million truck drivers out of work who are 94 percent male, with an average level of education of high school or one year of college." "That one innovation," he continued, "will be enough to create riots in the street. And we're about to do the same thing to retail workers, call center workers, fast-food workers, insurance companies, accounting firms."