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Sprout.ai aids Covid-19 insurance claim settlements with AI solution

Tony Emms, former CCO at Zurich UK and Sprout.ai advisory board member, says: “This solution is potentially transformational for the health insurance industry. Claim handling based on illness and medication coding frameworks create a huge amount of complexity. Medical claims are often the most difficult to handle because of these issues and their high volume, low value nature. By circumventing the coding system, with an entirely justified reasoning behind the triage, Sprout.ai has simplified the process for claims handlers. This solution will succeed because it impacts both leakage detection and efficiency gains simultaneously.”
 

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Google turns Android phones into earthquake sensors; California to get alerts

eismology experts consulted by Google said turning smartphones into mini-seismographs marked a major advancement, despite the inevitably of erroneous alerts from a work in progress, and the reliance on a private company’s algorithms for public safety. More than 2.5 billion devices, including some tablets, run Google’s Android operating system.

“We are on a path to delivering earthquake alerts wherever there are smartphones,” said Richard Allen, director of University of California Berkeley’s seismological lab and visiting faculty at Google over the last year.

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Scientists develop low-cost way to test mask against viral droplets

According to the researchers from Duke University in the US, the preliminary, proof-of-principle findings suggest that professional-grade N95 masks, surgical or polypropylene masks, and handmade cotton masks may all block much of the droplet-spray produced when wearers speak.

However, they said bandanas and neck fleeces likely provide little protection, as the scientists observed that more droplets are expelled through these materials.

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“Millennial buyers and the maturity of digital tools will bring about profound change in insurance distribution models”

Though markets are very different across Asia, almost life insurers now have a digital transformation programs in place in the region, says Alby Van Wyk, Executive Vice President, Asia, Munich Re Automation Solutions. In an exclusive e-mail interview with Asia Insurance Post, he explains how the requirement and demand for IT systems that enables faster delivery and greater agility, will only continue to grow in Asian markets

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20GB Intel data with key chip secrets leaked, probe on

The folder which is circulating wildly on social media has been billed as “Intel exconfidential Lake Platform Release ;)” and was originally posted on the mobile messaging platform Telegram.
“The information appears to come from the Intel Resource and Design Center, which hosts information for use by our customers, partners and other external parties who have registered for access. We believe an individual with access downloaded and shared this data,” the company was quoted as saying in the report.

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Global AI market revenues to reach $156 billion in 2020: IDC

“AI applications continue to be at the forefront of digital transformation (DX) initiatives, driving both innovation and improvement to business operations,” Ritu Jyoti, programme Vice President, Artificial Intelligence Research at IDC, said in a statement.

Customer relationship management (CRM) AI applications and enterprise relationship management (ERM) AI Applications are the two largest segments with 20 per cent and 17 per cent share of the AI applications market.

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Australia to spend US$1.2b on cyber security for private sector after rise in attacks

Cyber attacks on businesses and households are costing about A$29 billion $20.83 billion) or 1.5% of Australia’s gross domestic product (GDP), Morrison told reporters in Canberra.
Much of Australia’s cyber policy to date has focused on bolstering the defenses of government agencies after an attack on the parliament in 2019, but malicious cyber activity is increasing against small and medium businesses, universities and households,Australian Prime Minister Scott Morrison said.

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Facebook’s dilemma: How to police claims about unproven COVID-19 vaccines

Determining what constitutes a false claim regarding the COVID-19 shot is much harder than fact-checking a claim about an established vaccine with a proven safety record, Facebook fact-checkers told Reuters.

“There is a lot of content that we see and we don’t even know what to do with it,” echoed Emmanuel Vincent, founder of Science Feedback, another Facebook fact-checking partner, who said the number of vaccines in development made it difficult to debunk claims about how a shot would work.

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