White House wants nation to prepare for cryptography-breaking quantum computers – The Record by Recorded Future

A memorandum issued Wednesday by President Joe Biden orders federal agencies to ramp up preparations for a day when quantum computers are capable of breaking the public-key cryptography currently used to secure digital systems around the world.

The document, National Security Memorandum 10 (NSM-10), calls for a whole-of-government and wholeofsociety strategy for quantum information science (QIS), including the security enhancements provided by quantum-resistant cryptography.

The chief concern is the expected creation of a cryptanalytically relevant quantum computer (CRQC) the presumed goal of some QIS research by the U.S. as well as adversaries such as China.

Current research shows that at some point in the not-too-distant future, when quantum information science matures and quantum computers are able reach a sufficient size and level of sophistication, they will be capable of breaking much of the cryptography that currently secures our digital communications, a senior Biden administration official told reporters Tuesday in advance of the memorandums release. That cryptography, in many cases, dates to work published in the late 1970s and updated in the decades since.

The good news is that this is not an insurmountable problem, the official said. The National Institute of Standards and Technology NIST will soon be publishing new cryptographic standards that can protect against these future attacks.

Bidens memorandum mentions quantum-resistant cryptography more than 20 times as it lays out tasks for agencies such as the Cybersecurity and Infrastructure Security Agency (CISA), the National Security Agency and NIST, which has an authoritative role in setting cybersecurity standards.

Those agencies will have about six months to establish requirements for inventorying all currently deployed cryptographic systems, excluding National Security Systems (NSS).

NIST and CISA also would be required to set up outreach with the private sector, including critical infrastructure operators, on transitioning important systems to quantum-resistant cryptography.

Biden also issued an executive order Wednesday that would create a National Quantum Initiative Advisory Committee including White House officials and up to 26 experts from industry, academia and U.S. national laboratories. The order builds on the National Quantum Initiative Act signed into law by President Donald Trump in 2018.

Joe Warminsky is the news editor for The Record. He has more than 25 years experience as an editor and writer in the Washington, D.C., area. Most recently he helped lead CyberScoop for more than five years. Prior to that, he was a digital editor at WAMU 88.5, the NPR affiliate in Washington, and he spent more than a decade editing coverage of Congress for CQ Roll Call.

Go here to see the original:
White House wants nation to prepare for cryptography-breaking quantum computers - The Record by Recorded Future

Using Identity-Based Cryptography as a Foundation for an Effective and Secure Cloud Model for E-Health – DocWire News

This article was originally published here

Comput Intell Neurosci. 2022 Apr 25;2022:7016554. doi: 10.1155/2022/7016554. eCollection 2022.

ABSTRACT

Nowadays, one of the most popular applications is cloud computing for storing data and information through World Wide Web. Since cloud computing has become available, users are rapidly increasing. Cloud computing enables users to obtain a better and more effective application at a lower cost in a more satisfactory way. Health services data must therefore be kept as safe and secure as possible because the release of this data could have serious consequences for patients. A framework for security and privacy must be employed to store and manage extremely sensitive data. Patients confidential health records have been encrypted and saved in the cloud using cypher text so far. To ensure privacy and security in a cloud computing environment is a big issue. The medical system has been designed as a standard, access of records, and effective use by medical practitioners as required. In this paper, we propose a novel algorithm along with implementation details as an effective and secure E-health cloud model using identity-based cryptography. The comparison of the proposed and existing techniques has been carried out in terms of time taken for encryption and decryption, energy, and power. Decryption time has been decreased up to 50% with the proposed method of cryptography. As it will take less time for decryption, less power is consumed for doing the cryptography operations.

PMID:35510050 | PMC:PMC9061039 | DOI:10.1155/2022/7016554

View post:
Using Identity-Based Cryptography as a Foundation for an Effective and Secure Cloud Model for E-Health - DocWire News

Jagran Trending: What is Cryptocurrency and how does it work? – Jagran English

New Delhi | Aalok Sensharma: Cryptocurrencies have become hot cakes across the world, especially since the outbreak of the COVID-19 pandemic, with many investors showing interest in them. Several countries are also mulling launching their own cryptocurrency and making them a legal tender, while others like China have imposed a complete ban on them.

Several experts have also favoured a ban on cryptocurrencies while many feel that governments across the world should impose some kind of restrictions on them. Amid this ongoing debate, several people are still unaware of what is a cryptocurrency and how it works. So, we at English Jagran have decided to make our readers aware of cryptocurrencies and everything they need to know about them.

What is a cryptocurrency?

Also known as crypto, a cryptocurrency is a digital or virtual currency that acts as a medium of exchange through a computer network. A cryptocurrency, which is secured by cryptography, is not reliant on a bank or a government of a country.

A cryptocurrency, which cannot be touched, is deposited in an online wallet, which is known as a digital cash system. This system is based on computer algorithms, and thus a cryptocurrency is not limited to the border of a country.

How does cryptocurrency work?

A cryptocurrency is generated through a process known as 'mining'. Mining is the process by which crypto miners validate a cryptocurrency transaction with help of coding and data, and earn a crypto "as compensation for their work".

Crypto mining is carried out in a decentralised system using a computer. People, irrespective of where they live, can be a part of this decentralised system or recordkeeping that is needed for a transaction. This record, which is available publicly, is known as a 'ledger' or 'blockchain'.

All people who are involved in this network are responsible for "verifying and validating" the transactions and thus it is called a "distributed network". Crypto miners continuously verify these blocks of data and add them to the blockchain.

This is a lengthy and complicated task and miners must guess the correct codes associated with the data to allow other miners on the network to continue this process. It should be noted that the new block contains a link to the previous block.

What are some of the famous cryptocurrencies?

Some of the famous cryptocurrencies that are currently available in the world are Bitcoin, Altcoin, Ethereum, XRP, Tether, Cardano, Polkadot, Stellar, and USD Coin.

Posted By: Subhasish Dutta

View post:
Jagran Trending: What is Cryptocurrency and how does it work? - Jagran English

What is a `cryptographic token? Why have Microsoft, Apple, Google announced passwordless sign-in – The – The Kashmir Monitor

Microsoft, Apple, and Google have announced to implement passwordless sign-in across all mobile, desktop, and browser platforms.

Passwordless authentication will be coming this year to all main platforms including Android and iOS mobile operating systems; Chrome, Edge, and Safari browsers; and the Windows and macOS desktop.

Senior director of platform product marketing at Apple, Kurt Knight said, Just as we design our products to be intuitive and capable, we also design them to be private and secure. Working with the industry to establish new, more secure sign-in methods that offer better protection and eliminate the vulnerabilities of passwords is central to our commitment to building products that offer maximum security and a transparent user experience all to keep users personal information safe.

A report by The Verge reveals that a passwordless login process will allow users to choose their phones as the main authentication device for all apps, websites, and other digital services.

Google detailed in a blog post that unlocking the phone with just the default action would be enough to sign in to web services. Using a unique cryptographic token called a passkey shared between phone and website, sign-ins will be possible without the need to enter a password.

A passwordless system will make user sign-in simple, offering security and making it more difficult for hackers to compromise login details.

Microsofts vice president for security, compliance, identity, and privacy, Vasu Jakkal, stated in an email, With passkeys on your mobile device, youre able to sign in to an app or service on nearly any device, regardless of the platform or browser the device is running. For example, users can sign in on a Google Chrome browser thats running on Microsoft Windowsusing a passkey on an Apple device.

The new feature will be possible using a standard called FIDO which uses the principles of public-key cryptography to enable passwordless authentication and multi-factor authentication. A phone can store a unique FIDO-compliant passkey which can be shared with a website for authentication when the phone is unlocked.

Product management director for secure authentication at Google and president of the FIDO Alliance, Sampath Srinivas, made a statement to The Verge, This extended FIDO support being announced today will make it possible for websites to implement, for the first time, an end-to-end passwordless experience with phishing-resistant security, said Srinivas. This includes both the first sign-in to a website and repeat logins. When passkey support becomes available across the industry in 2022 and 2023, well finally have the internet platform for a truly passwordless future.

Apple, Google, and Microsoft aim to introduce the feature this year even though the new passwordless sign-in capabilities had been in the works for a while.

Read this article:
What is a `cryptographic token? Why have Microsoft, Apple, Google announced passwordless sign-in - The - The Kashmir Monitor

Want to invest in cryptocurrency? Here are some pros and cons – Free Press Journal

Cryptocurrency has been in the limelight since its inception in 2009 with the creation of the Bitcoin blockchain. The term cryptocurrency has become a global phenomenon and it is gaining popularity in India as well, with India being ranked second in terms of cryptocurrency adoption according to the 2021 Global Crypto Adoption Index. Additionally, there are an estimated 15 to 20 million crypto investors in India with a total holding of approximately Rs 400 billion ($ 5.37 billion). Now, there has to be some sort of positives behind these incredible numbers. Let us look at some of the key benefits of investing in cryptocurrency:

Transaction costs

Cryptocurrency transaction costs are way too low when compared to different financial services. Cryptocurrency transactions are less expensive. In fact, a wire transfer at banks can cost substantially more than the cryptocurrency transaction cost. However, this comes with a caveat that demand on the blockchain may increase the transaction cost.

Transparency and security

Cryptocurrencies are primarily based on cryptography and blockchain security and the distributed network of computers verifying transactions resulting in more security. So, unless and until someone has the access to the private key of your crypto wallet, they will be unable to sign transactions or access funds. Majority of the incidents related to hacking involves exchanges being hacked and also due to individual errors.

Ease of transactions

One of the key advantages which cryptocurrency possesses is the ease of transaction and this has also resulted in high demand. By just using a simple smartphone app, hardware wallet, or exchange wallet, anyone can send and receive a variety of cryptocurrencies. Infact, some types of cryptocurrencies, including Bitcoin, Litecoin, and Ethereum, can be bought with cash at a Bitcoin ATM.

Risk diversification/Portfolio diversification

Diversification is a must when it comes to asset creation and cryptocurrency is one such asset class which offers investors diversification from traditional financial assets. However, investments in cryptocurrency includes risks as well given the volatility observe in this asset class. It has been seen that investors having an ideal combination of these two asset classes is expected to generate steady returns.

Rise in acceptance

Over the past few years, there has been a rise in cryptocurrencies and also in the acceptance level from investors. The underlying utility/value of these cryptocurrencies is one of the key investment criteria. For e.g. NFTs or non-fungible tokens, have been gaining popularity recently, and they are secured by the Ethereum network. These utilities incentivize the investors and acts as a buying proposition. However, not all cryptocurrencies are the same as there are some crypto which offers no utility and are merely piggyback on internet meme culture.

Conclusion

There are some additional benefits/advantages as well of cryptocurrencies. There are some obvious and notable disadvantages as well mainly the volatility and hence investors should do their own bit of wise research before investing. If invested in a wise manner, then you can certainly build a very strong portfolio.

(Siddharth Jaiswal is Founder, Sportzchain- a blockchain-based fan engagement platform)

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Go here to read the rest:
Want to invest in cryptocurrency? Here are some pros and cons - Free Press Journal

IKA BLOCK signed a cooperation agreement with CYBAVO, the leading blockchain information security in Asia. – GlobeNewswire

Hongkong, China , May 10, 2022 (GLOBE NEWSWIRE) -- IKA BLOCK, a hong kong blockchain developer, announced that it has signed a cooperation agreement with CYBAVO, a leading Asian blockchain information security company in Taiwan, to expand the Asian and APAC markets and provide professional security services for all Hong Kong companies planning to develop blockchain business. Ensure the security of corporate virtual currency assets.

Taiwan's blockchain security team "CYBAVO VAULT" - CYBAVO was established in 2018 by a group of senior information security experts with backgrounds in blockchain security, cryptography, computer security, malware analysis and network security. It is safe and powerful, it is a digital asset management platform that mainly assists different companies to provide the best solution for protecting assets in their cryptocurrency industry. The CYBAVO team has a lot of international experience and foresight to provide a sound password management mechanism for the information security of digital assets. In the middle of last year, CYBAVO stood out in the Pitch event held by the 2021 SelectUSA Investment Summit, the highest standard business event organized by the US Department of Commerce, and won the first place in the information security briefing competition.

IKA BLOCK, a local blockchain developer, was jointly established by several senior software engineers in 2017. It is the first hong kong blockchain technology company focusing on blockchain technology, project development, wallet security and assisting customers to promote blockchain projects. Harry Chan, director of blockchain technology of IKA BLOCK, believes that the virtual currency market has developed rapidly in the past few years, and the security protection of assets is the foundation of all development. How to balance security and convenience in Private Key management is also the most challenging problem at present. There is a lack of secure institutional-level end-to-end solutions. Due to financial security issues, such as many exchanges, wallets, and celebrity NFT projects have been hacked and stolen, many traditional companies are afraid to enter the blockchain market. Therefore, blockchain security is definitely the most important battlefield in the blockchain industry. Through cooperation with CYBAVO, IKA BLOCK is confident that it can protect the assets of more companies and witness the new era of "fiat to crypto assets" with CYBAVO .

More info:

https://ikablock.com/2022/05/03/cybavo-announces-partnership-with-ika-block-to-expand-footprint-in-apac/

https://www.cybavo.com/blog/cybavo-ikablock-partnership/

CYBAVO official website: https://cybavo.com

IKA BLOCK official website: https://ikablock.com

Media Details:

Name: IKA BlockEmail:media@ikablock.comCity: HongKongCountry: HongKong

There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation. Newsroom: abrelease.submitmypressrelease.com

Read the original post:
IKA BLOCK signed a cooperation agreement with CYBAVO, the leading blockchain information security in Asia. - GlobeNewswire

Slacks former head of machine learning wants to put AI in reach of every company – TechCrunch

Adam Oliner, co-founder and CEO of Graft used to run machine learning at Slack, where he helped build the companys internal artificial intelligence infrastructure. Slack lacked the resources of a company like Meta or Google, but it still had tons of data to sift through and it was his job to build something on a smaller scale to help put AI to work on the dataset.

With a small team, he could only build what he called a miniature solution in comparison to the web scale counterparts. After he and his team built it, however, he realized that it was broadly applicable and could help other smaller organizations tap into AI and machine learning without huge resources.

We built a sort of mini Graft at Slack for driving semantic search and recommendations throughout the product. And it was hugely effective And that was when we said, this is so useful, and so powerful if we can get this into the hands of most organizations, we think we could really change the way people interact with their data and interact with AI, Oliner told me.

Last year he decided to leave Slack and go out on his own and started Graft to solve the problem for many companies. He says the beauty of the solution is that it provides everything you need to get started. Its not a slice of a solution or one that requires plug-ins to complete. He says it works for companies right out of the box.

The point of Graft is to make the AI of the 1% accessible to the 99%. he said. What he means by that is giving smaller companies the ability to access and put to use modern AI, and in particular pre-trained models for certain specific tasks, something he says offers a tremendous advantage.

These are sometimes called trunk models or foundation models, a term that a group at Stanford is trying to coin. These are essentially very large pre-trained models that encode a lot of semantic and structural knowledge about a domain of data. And this is useful because you dont have to start from scratch on every new problem, he said.

The company is still a work in progress, working with beta customers to refine the solution, but expects to launch a product later this year. For now they have a team of 11 people, and Oliner says that its never too early to think about building a diverse team.

When he decided to start the company, the first person he sought out was Maria Kazandjieva, former head of engineering at Netflix. I have been working at building the rest of the founding team and also hiring others with an eye toward diversity and inclusion. So, you know, just [the other day], we were talking with recruiting communities that are focused on women and people of color, partly because we feel like investments now in building diverse team will just make it so much easier later on, he said.

As the journey begins for Graft, the company announced what it is calling a pre-seed investment of $4.5 million led by GV with help from NEA, Essence VC, Formulate Ventures and SV Angel.

Read more here:
Slacks former head of machine learning wants to put AI in reach of every company - TechCrunch

Tech Visionaries to Address Accelerating Machine Learning, Unifying AI Platforms and Taking Intelligence to the Edge, at the Fifth Annual AI Hardware…

This September 13-15, at the Santa Clara Marriott, CA, 800+ attendees will attend the co-located AI Hardware Summit and Edge AI Summit.

SANTA CLARA, Calif., May 10, 2022--(BUSINESS WIRE)--Metas VP of Infrastructure Hardware, Alexis Black Bjorlin, will open the flagship AI Hardware Summit with a keynote, while her colleague Vikas Chandra, Metas Director of AI Research will open Edge AI Summit. Other notable keynotes include Microsoft Azures CTO, Mark Russinovich, plus Wells Fargos EVP of Model Risk, Agus Sudjianto; Synopsys President & COO, Sassine Ghazi; Cadences Executive Chairman, Lip-Bu Tan; and Siemens EVP, IC EDA, Joseph Sawicki, among many others

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220510005105/en/

Machine learning and deep learning are fast becoming major line items on agendas in board rooms in every organization across the globe. The technology stack needed to support these workloads, and to execute them quickly, efficiently, and affordably, is fast developing in both the datacenter and in client systems at the edge.

In 2018, a new Silicon Valley event called the AI Hardware Summit launched to provide a platform to discuss innovations in hardware necessary for supporting machine learning both at the very large scale, and in small resource-constrained environments. The event attracted enormous interest from the semiconductor and systems sectors, welcomed Habana Labs into the industry in its inaugural year, and subsequently hosted Alphabet Inc.s Chairman and Turing Award Winner, John L. Hennessy, as a keynote speaker in 2019. Shortly after, the Edge AI Summit was launched to focus specifically on deploying machine learning in commercial use cases in client systems.

Hennessy said of the AI Hardware Summit: "Its a great place where lots of people interested in AI Hardware are coming together and exchanging ideas, and together we make the technology better. Theres a synergistic effect at these summits which is really amazing and powers the entire industry."

Story continues

Fast forward a few years of virtual shows and the events are back in-person with a fresh angle. An all-star cast of tech visionary speakers will address optimizing and accelerating machine learning hardware and software, focusing on the intersection between systems design and ML development. Developer workshops with HuggingFace are a new feature this year focused on helping bring new hardware innovation into leading enterprises.

The co-location of the two industry-leading summits combines the proposition to focus on building, optimizing and unifying software-defined ML platforms across the cloud-edge continuum. Attendees of the AI Hardware Summit can expect content spanning from hardware and infrastructure up to models/applications, whereas the Edge AI Summit has a much tighter focus on case studies of ML in enterprise.

This years audience will consist of machine learning practitioners and technology builders from various engineering disciplines, discussing topics such as systems-first ML, AI acceleration as a full-stack endeavour, software defined systems co-design, boosting developer efficiency, optimizing applications across diverse ML platforms and bringing state of the art production performance into the enterprise.

While the AI Hardware Summit has broadened its scope beyond focusing purely on hardware, there will still be plenty for hardware-focused attendees to explore. The event website, http://www.aihardwaresummit.com, gives accessible information on why a software-focused or hardware-focused attendee should register.

The Edge AI Summit features more end user use cases than any other event of its kind, and is a must attend for anyone moving ML workloads to the edge. The event website, http://www.edgeaisummit.com, gives more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220510005105/en/

Contacts

If you would like to contact the organizers or get involved in either show, please contact Priya Khosla, Head of Marketing at Priya.Khosla@kisacoresearch.com

Visit link:
Tech Visionaries to Address Accelerating Machine Learning, Unifying AI Platforms and Taking Intelligence to the Edge, at the Fifth Annual AI Hardware...

Beacon Biosignals announces partnership with Stratus to advance at-home brain monitoring and machine learning-enabled neurodiagnostics – PR Newswire

Collaboration will enable AI-powered decentralized clinical trials

BOSTON, May 10, 2022 /PRNewswire/ -- Beacon Biosignals, which applies AI to EEG to unlock precision medicine for brain conditions,today announced a partnership with Stratus, the nation's leading provider of EEG services, to enable expanded clinical trial service capabilities by leveraging Beacon's machine learning neuroanalytics platform.

EEG is standard of care in the clinical diagnosis and management of many neurologic diseases and sleep disorders, yet features of clinical significance often are difficult to extract from EEG data. Broader adoption of EEG technology has been further limited by labor-intensive workflows and variability in clinician expert interpretation. By linking their platforms, Beacon and Stratus will unlock AI-powered at-home clinical trials, addressing these challenges head-on.

"The benefits of widely incorporating EEG data into pharmaceutical trials has been desired for years, but the challenge of uniformly capturing and interpreting the data has been an issue," said Charlie Alvarez, chief executive officer for Stratus. "Stratus helps solve data capture issues by providing accessible, nationwide testing services that reduce the variability in data collection and help ensure high-quality data across all sites. Stratus is proud to partner with Beacon and its ability to complete the equation by providing algorithms to ensure the quality of EEG interpretations."

Stratus offers a wide variety of EEG services, including monitored long-term video studies and routine EEGs conducted in the hospital, clinic, and in patients' homes. Stratus has a strong track record of high-quality data acquisition, enabled by an industry-leading pool of registered EEG technologists and a national footprint for EEG deployment logistics. The announced agreement establishes Stratus as a preferred data acquisition partner for Beacon's clinical trial and neurobiomarker discovery efforts using Beacon's analytics platform.

"Reliable and replicable quantitative endpoints help drive faster, better-powered trials," said Jacob Donoghue, MD, PhD, co-founder of Beacon Biosignals. "A barrier to their development, along with performing the necessary analysis, can often be the acquisition of quality EEG at scale. Partnering with Stratus and benefiting from its infrastructure and platform eliminates that hurdle and paves the way toward addressing the unmet need for endpoints, safety tools and computational diagnostics."

Beacon's platform provides an architectural foundation for discovery of robust quantitative neurobiomarkers that subsequently can be deployed for patient stratification or automated safety or efficacy monitoring in clinical trials. The powerful and validated algorithms developed by Beacon's machine learning teams can replicate the consensus interpretation of multiple trained epileptologists while exceeding human capabilities over many hours or days of recording. These algorithms can be focused on therapeutic areas such as neurodegenerative disorders, epilepsy, sleep disorders and mental illness.For example, Beacon is currently assessing novel EEG signatures in Alzheimer's disease patients to identify which patients may or may not benefit from a specific type of therapy.

"This collaboration will enable at-home studies for diseases like Alzheimer's," Donoghue said. "It has traditionally been difficult to obtain clinical-grade EEG for these patients at the scale required for phase 3 and phase 4 clinical trials. Stratus' extensive expertise in scaling EEG operations in at-home settings unlocks real opportunities to harness brain data to evaluate treatment efficacy."

About Beacon BiosignalsBeacon's machine learning platform for EEG enables and accelerates new treatments that transform the lives of patients with neurological, psychiatric or sleep disorders. Through novel machine learning algorithms, large clinical datasets, and advances in software engineering, Beacon Biosignals empowers biopharma companies with unparalleled tools for efficacy monitoring, patient stratification, and clinical trial endpoints from brain data. For more information, visit https://beacon.bio/. For careers, visit https://beacon.bio/careers; for partnership inquiries, visit https://beacon.bio/contact. Follow us on Twitter (@Biosignals) or LinkedIn (https://www.linkedin.com/company/beacon-biosignals).

About StratusStratus is the nation's leading provider of EEG solutions, including ambulatory in-home video EEG. The company has served more than 80,000 patients across the U.S. Stratus offers technology, services, and proprietary software solutions to help neurologists accurately and quickly diagnose their patients with epilepsy and other seizure-like disorders. Stratus also provides mobile cardiac telemetry to support the diagnostic testing needs of the neurology community. To learn more, visit http://www.stratusneuro.com.

MEDIA CONTACTMegan MoriartyAmendola Communications for Beacon Biosignals913.515.7530[emailprotected]

SOURCE Beacon Biosignals

Here is the original post:
Beacon Biosignals announces partnership with Stratus to advance at-home brain monitoring and machine learning-enabled neurodiagnostics - PR Newswire

Researchers From University Of California Irvine Publish Research In Machine Learning (Machine Learning In Ratemaking, An Application In Commercial…

2022 MAY 09 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Research findings on artificial intelligence are discussed in a new report. According to news reporting out of the University of California Irvine by NewsRx editors, research stated, This paper explores the tuning and results of two-part models on rich datasets provided through the Casualty Actuarial Society (CAS).

Financial supporters for this research include Casualty Actuarial Society Award: NA.

Our news correspondents obtained a quote from the research from University of California Irvine: These datasets include bodily injury (BI), property damage (PD) and collision (COLL) coverage, each documenting policy characteristics and claims across a four-year period. The datasets are explored, including summaries of all variables, then the methods for modeling are set forth. Models are tuned and the tuning results are displayed, after which we train the final models and seek to explain select predictions. Data were provided by a private insurance carrier to the CAS after anonymizing the dataset. These data are available to actuarial researchers for well-defined research projects that have universal benefit to the insurance industry and the public.

According to the news reporters, the research concluded: Our hope is that the methods demonstrated here can be a good foundation for future ratemaking models to be developed and tested more efficiently.

For more information on this research see: Machine Learning in Ratemaking, an Application in Commercial Auto Insurance. Risks, 2022,10(80):80. (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks10040080.

Our news editors report that more information may be obtained by contacting Spencer Matthews, Department of Statistics, Donald Bren School of Information and Computer Science, University of California Irvine, Irvine, CA 92697, USA. Additional authors for this research include Brian Hartman.

(Our reports deliver fact-based news of research and discoveries from around the world.)

See the rest here:
Researchers From University Of California Irvine Publish Research In Machine Learning (Machine Learning In Ratemaking, An Application In Commercial...