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Showing posts with the label trends in usage based insurance

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Python Set Operations Explained: From Theory to Real-Time Applications

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A  set  in Python is an unordered collection of unique elements. It is useful when storing distinct values and performing operations like union, intersection, or difference. Real-Time Example: Removing Duplicate Customer Emails in a Marketing Campaign Imagine you are working on an email marketing campaign for your company. You have a list of customer emails, but some are duplicated. Using a set , you can remove duplicates efficiently before sending emails. Code Example: # List of customer emails (some duplicates) customer_emails = [ "alice@example.com" , "bob@example.com" , "charlie@example.com" , "alice@example.com" , "david@example.com" , "bob@example.com" ] # Convert list to a set to remove duplicates unique_emails = set (customer_emails) # Convert back to a list (if needed) unique_email_list = list (unique_emails) # Print the unique emails print ( "Unique customer emails:" , unique_email_list) Ou...

Tech Mahindra Launched Big data platform

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Tech Mahindra has announced the launch of Usage Based Insurance (UBI), a big data and predictive analysis driven platform for auto insurers. It allows them to adjust premiums according to actual usage patterns of individual drivers instead of industry averages. UBI Platform The platform is flexible to fit to the growing needs of global insurance enterprises, where the market is expected to grow $100 billion plus by the end of the decade. The solution utilizes the capabilities of Tech Mahindra and AT and T in the areas of multi-vertical, engineering and infrastructure capabilities. As a result of this, the global insurers can reduce their claim costs by up to 20%,while reducing eligible insured driver premiums up to 40%. This Usage Based Insurance solution is hosted on the seamless AT&T cloud and served through AT and T's global Machine-to-Machine (M2M) capabilities. What is usage based insurance This technology is already being used successfully for both car a...