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Federato fixes insurance risk analysis with AI, raises $40M
Insurance has been fertile ground for artificial intelligence innovation, working as it does at the nexus of giant datasets, risk assessment, predictive
Insurance has been fertile ground for artificial intelligence innovation, working as it does at the nexus of giant datasets, risk assessment, predictive analytics, fintech and customer service. (Insurance, globally, is estimated to be one of the biggest industries in the world, totalling multiple trillions of dollars in value, with underwriting one of key areas where AI is expected to play a major role.) Ross was one of the early employees at the Watson group at IBM, where he worked on the deal to buy the Weather Company and leverage the data from there to build environmental models.
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