I do find it hard to keep up with my reading. I have found, along with many other people, that listening to books and audio files is a great way to keep up. Here is a recommendation for fans of AI and Cyber Crime....
The sharing economy is growing up fast, message is that the growth will reach or surpass PwC’s projections which show that five key sharing sectors—travel, car sharing, finance, staffing, and music and video streaming — have the potential to increase global revenues from roughly $15 billion in 2015 to around $335 billion by 2025. Massive growth.
Is Artificial Intelligence (AI) taking over everything? Do we have to fear or welcome this new AI tech? Is the reality that AI Augmentation more deliverable and welcoming?
In the USA and China an increasing number of tech companies are bringing more in house. Is this the lesson for Insurance? In-source not Outsource? Is this a path for a digital insurer.
Posted in MicroInsurance blog on Jun 07, 2019
June is the start of the hurricane season, the world is warming up and yet it is predicted as a 'normal' season. Also what are these stripes all about....?
Posted in InsurTech blog on Jun 06, 2019
What does it take to be a Digital Insurer? Well one of the basics is to have a deep and a sound understanding of Machine Learning (ML) and Artificial Intelligence (AI) with the capabilities to actually develop these for 'insurance' case studies.
Computer Vision is becoming the central tech behind insurance claims processing. The ability to process claims and rely on algorithms is at the core of this. How is this different to the platform businesses of the GIG economy? Not much it seems as the workers and the platforms are all driven by the algorithm too it seems.
The first methods of providing a form of insurance can be found in Chinese and Babylonian history from the 3rd and 2nd millennia BC. Chinese merchants traveling treacherous river rapids would redistribute their wares across many vessels to limit the loss due to any single vessel's capsizing. The Babylonians developed a system where a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender's guarantee to cancel the loan should the shipment be stolen or lost at sea. These were systems built around communities sharing in hazardous activities. The idea of insurance and community support seems to be lost to the current insurance industry.......
Posted in Cyber Insurance blog on May 01, 2019
vpnMentor’s research team recently (April 2019) discovered a hack affecting 80 million American households. Nothing new here you may say. Just another massive data breach. So lets wait for the apology and move on...... However this time there is a twist..........
When the produce being transported is fruit and vegetables, any disruption in the supply chain can lead to substantial losses because they are perishable goods. In these situations how can businesses know what decisions to make and how to deal with these issues? Real time tracking of supply chain is an answer.