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What are the Commonly Used Machine Learning Algorithms?

Knowledge Hut

ML is now being used in IT, retail, insurance, government and the military. There is no end to what can be achieved with the right ML algorithm. Machine Learning is comprised of different types of algorithms, each of which performs a unique task. These sets of algorithms are used to predict the results from the input data.

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Personalized Insurance: Auto and Telematics, Health, and Other Success Stories

AltexSoft

In today’s society, insurers can no longer ignore the mounting expectations of customers. Clients now expect insurers to provide different levels of personalization that are fast, adaptable, and up to date. Is personalized insurance really the future of insurance? What is personalized insurance, and why is it important?

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How Modern Data Technologies Are Remaking the Art of Insurance Underwriting

Snowflake

The insurance industry has always been driven by data. Today, insurance underwriters are under the gun to use new data technologies to shift from hindsight-dependent to future-ready processes. I think it’s fair to say that the C-Suite of almost every insurer believes they need to compete on data and analytics,” says McConnell.

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Re-thinking The Insurance Industry In Real-Time To Cope With Pandemic-scale Disruption

Cloudera

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

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Robinhood is now available to all customers in the United Kingdom

Robinhood

Users are delighted by the additional protections they receive from Robinhood –most notably the $2.25M in FDIC insurance on their uninvested cash compared to £85,000 in the UK. For customers participating in the Cash Sweep program and earning 5% AER, $2.25M FDIC insurance is in place to cover the customers’ uninvested cash.

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How AI Used in Fraud Detection? Benefits, Techniques, Use cases

Knowledge Hut

In essence, it's the use of AI anomaly detection algorithms, often covered in an Artificial Intelligence course for beginners , to analyze and identify suspicious activities or transactions. Training: AI algorithms are trained on the pre-processed data. Data Preprocessing: Raw data often contains noise and irrelevant information.

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Highest Paying Companies for Software Engineers in 2023

Knowledge Hut

Algorithm designer An algorithm designer should have skills related to reduction, modeling, and design techniques and be able to simplify problems while offering good solutions. Good algorithm design is about writing code that is clear, concise, and easily comprehensible by other developers. Want to Work in the Tech Industry?