Today’s insurance industry is undergoing unprecedented change driven by market forces and technology. As a result, massive amounts of data are being generated, and data science increasingly enables advances in catastrophe modeling. Since its inception, the catastrophe modeling industry has primarily focused on statistical techniques, but now it is ready to explore the possibilities with advances in Machine learning.
In a recent webinar hosted by the Institute of Actuaries of India, our CEO Shailesh Dhuri addressed industry professionals and experts on “ Application of Machine Learning in Catastrophe Modeling.” He shared some interesting insights on how Machine Learning and Quantum Computing in Catastrophe Modeling can help mitigate unforeseen risks.