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Machine Learning in Insurance: Applications, Use Cases, and Projects

ProjectPro

Ever wondered how insurance companies successfully implement machine learning to expand their businesses? Despite its long history of resistance to innovation, the insurance sector is currently experiencing a digital revolution. For both applicants and insurers, this quick move has significant implications.

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20+ Data Engineering Projects for Beginners with Source Code

ProjectPro

The company can use demand forecasts as input to an allocation tool. The allocation tool can then optimize operations, such as delivery vehicle routing and planning capacity in the longer term. A related example is when a vendor or insurer wants to know the number of products that will be returned because of failures.