Risk Assessment Analytics Share: Celadon Score Case study score 5.0 Date Published 13 September 2019 Reading Time 2-Minute Read Innovative analytics product for the insurance industry. Read Client Review Timeline 6 months Tech Stack React, Python, C, C++, TensorFlow, PostgreSQL Challenge Millions of people all over the world use the services provided by insurance companies. You can insure practically anything: life, wellness, property, business deals, etc. So it’s no surprise insurance industry is blossoming. We were approached by a company that had the following idea: to grant the insurance companies more data about their clients in order to minimize any risks. However, the company wanted to cover only one segment: the insurance of cars and the well-being of drivers and their passengers. Solution The client provided us with a big data set that contained data about the motion of the users’ devices, positioning of the devices during the motion, smoothness of motion, speed, and similar data. In order to successfully resolve the issue, the Celadon team faced the following question: How can we analyze this data and what value this data can bring to the client? We would never get down to such a project if we were not 100% sure in own skills and knowledge in the field of Artificial Intelligence and Machine Learning. As well, what motivated us was the fact that we got access to an amazingly precise data on the device positioning and motion so we immediately thought of analyzing the manner of driving. An insurance company wants to get a forecast on the probability of an insured event occurrence with a client. We had a lot of data on the movement at our disposal and used Python and TensorFlow, which is an open library for machine learning. Our developers performed the task brilliantly and offered the client to develop an interface for displaying the analysis results. In order to clearly visualize the analysis results and obtained forecasts, we used React as one of the most popular and useful libraries for user interface development. It fitted perfectly for the analytical data output. This data is analyzed in the server and ML technology then builds accurate forecasts of the insured events. The insurance company receives the data coming to the web-interface and makes data-powered decisions that help minimize the risks of financial losses. Related Case Studies "Awaiting client review" Mozayix – SaaS-based B2B Risk Assessment Platform "Awaiting client review" Transition to Google Analytics 4 Change cookie settings Close GDPR Cookie Settings Privacy Overview Strictly Necessary Cookies 3rd Party Cookies Cookie Policy Privacy Overview This website uses cookies so we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team understand which sections of the website you find the most interesting and useful. You can change your cookie preferences by navigating the tabs on the right-hand side. Note: The 3rd party cookie for Google Analytics cannot be turned off, as the data collected is entirely anonymous and used for internal performance tracking. Strictly Necessary Cookies Strictly Necessary Cookies should be enabled at all times so we can save your preferences for cookie settings. If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again. Enable or Disable Cookies 3rd Party Cookies This website uses Google Analytics to collect anonymous information such as the number of visitors to the site and the most popular pages. Disabling 3rd party cookies will not disable Google Analytics, as this data is anonymized and only used for internal recording and performance tracking. Additionally, we use various cookies such as Facebook pixel for ad serving, FreshChat for chat support, Hotjar for optimizing user experience, and others, which will be turned off by disabling 3rd party cookies. Keeping 3rd party cookies enabled helps us improve our website and service. Enable or Disable Cookies Please enable Strictly Necessary Cookies first so that we can save your preferences! Cookie Policy More information about our Cookie Policy