Ping An Property Insurance to Attend WAIC 2019 with its Latest AI Innovations, Accelerating Industry Transformation

Dedicated to pioneering the AI-empowered property insurance sector while offering perfect customer service, Ping An Property Insurance, as one of "Leading Biosphere Companies", is aiming to unleash the potential of artificial intelligence with its acute insight into the emerging technology, leveraging AI application and big data systems to transform the insurance industry. The FACEKYD extended the traditional driving risk ranking algorithm by leveraging state-of-the-art deep learning networks to extract facial driving risk factor. Different from the face recognition algorithm, the FACEKYD algorithm can not only differentiate the driving risk from different customers, but also keep the risk scores from the same customer stable by using the innovative rank algorithm "tetrad ranking". Another star product of the company currently under development is DRVR (Driving Risk Video Recognition). DRVR technology combines FACEKYD and DMS technology, through the identification and analysis of driving behavior, and combining the FACEKYD auxiliary driving risk prediction, to manage the risk in the whole process of driving and active warning, provide a variety of interim risk management solutions, rather than a single post-event compensation According to the Ping An Property Insurance technology center, the technology, with the bolster of database encompassing people, cars and roads, can identify hazardous driving behaviors including drowsy driving, smoking, looking at phones, dangerous lane-changing and speeding.