Category: Project
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AI-Driven Risk Assessment & Underwriting
Technologies Used: Tutorial Overview: Step 1: Data Collection and Preprocessing For the purpose of this tutorial, we will simulate an insurance dataset with features such as age, health, lifestyle, and smoking status. We’ll use this dataset to train a model that predicts the risk level of an applicant. 1.1 Simulated Dataset We’ll create a dataset…
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Blockchain-Based Insurance Platforms
Setup the Blockchain (Smart Contract) We’ll use Solidity to create a smart contract that handles insurance claims. The contract will: 1.1 Install Dependencies To get started with Solidity and deploy our smart contract on Ethereum, you need to install the following tools: To install Truffle: 1.2 Initialize the Truffle Project In a new directory, initialize…
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Personalized Insurance Products Development
Technologies Used: Project Structure Step 1: Set Up Environment Ensure that Flask is installed. You can install Flask with the following command: You can also use SQLite, which is built-in with Python, but you could replace it with a more scalable database in a real-world scenario. Step 2: Build the Backend with Flask app.py (Main…
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Digital Transformation: Claims Management System
In the traditional world, claims management often involves manual entry, paperwork, and slow processing times. With digital transformation, we can improve: Project Structure Step 1: Set up Environment Make sure to install Flask and SQLite (SQLite comes built-in with Python, but other DB systems can also be used). You can install Flask using pip: Step…
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Digital Transformation Project: Customer Order Management System
Overview: In a traditional environment, order management might rely on paper forms or spreadsheets. We’ll implement a digital solution that allows customers to place orders online, which are automatically stored and processed in a database, and track order statuses through a web application. This project will utilize: Step-by-Step Guide 1. Set up the Environment Make…