The Turing Award, which is the computer science equivalent of the Nobel Prize, was awarded to Judea Pearl. Pearl was honored for his contributions to artificial intelligence. He championed a probabilistic way of creating smart computer systems rather than building a set of rules. These systems are encapsulated in Bayesian Networks.
Bayesian analysis forms a core component of Elucidor’s DeepInsight! technology. DeepInsight! is used in the insurance, reinsurance and investment community, to answers fundamental questions such as:
- How risky is a particular insured?
- When will a bond default?
- What makes this mortgage more or less secure than the rest of a pool of mortgages?
- How do you improve your underwriting capabilities for a set of insurance risks.
Instead of creating a set of rules to establish the risk takers underwriting procedures, DeepInsight! uses the available data to formulate the risk analysis through the use of Bayesian Networks.