Sherpa.ai Federated Learning Platform Qorus Innovation in Insurance Awards 2024

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23/01/2024 Insurance Innovation
From Sherpa.ai we have developed a Federated Learning platform that allows companies to improve and enrich their AI models connecting different data silos (even collaborate with third parties) while keeping data always private and local.
Innovation details
Country
Spain
Category
Insurtech
Keyword
Business insurance, Loans, Operational excellence & efficiency, AI & Generative AI, Insurance, Data
Business Line
Commercial Insurance
Distribution Channel
Partners

Innovation presentation

Sherpa.ai is the first Federated Learning platform that allows companies to gather the full potential of the Artificial Intelligence by allowing to improve and enrich the AI models with different data silos while always keeping the data local and private.

This is a revolutionary technology, as we are already helping to improve the insurance pricing models in the banking industry leveraging on data both from commercial banks and the insurance (which couldn't be shared until now).

We are also helping the insurance sector to improve their AI models connecting the different data silos that exist between the different insurances to improve their cross-selling, pricing and churn rates.

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