In the era of big data and machine learning, the protection of personal data has become a paramount concern. As individuals increasingly demand control over their data, the concept of machine unlearning has emerged as a solution to allow the removal of data from trained models. However, this
The insurtech industry is rapidly transforming the traditional insurance landscape by integrating advanced technological innovations. This sector leverages technologies such as artificial intelligence (AI), machine learning, blockchain, and the Internet of Things (IoT) to enhance efficiency, reduce
The finance and insurance sectors are undergoing a transformative shift, driven by the rapid adoption of big data and artificial intelligence (AI). These technologies are reshaping industry practices, enhancing operational efficiency, and improving customer experiences. This article delves into the
Insurance telematics, an emerging and rapidly growing segment of the broader insurance market, is set to see exponential growth over the next decade. With consumers increasingly demanding personalized insurance solutions and advancements in telematics technology, the global insurance telematics
Data Science Wizards (DSW), an AI innovation company, recently announced securing $1.4 million in seed funding. This financial boost comes on the back of an earlier pre-seed round, lifting the company's valuation to $16.4 million. Under the leadership of CEO and Founder Sandeep Khuperkar, DSW aims
Insurance companies have long grappled with managing loss ratios, which are the ratio of claims paid out to premiums earned. High loss ratios pose serious risks to profitability and sustainability, making efficient management essential. Thanks to modern technological advancements, data science and
