![]() ![]() It also allows the governance and monitoring of models to mitigate drift and bias and manage model risk, thus driving trust across the AI lifecycle. Read more: This Exercise Will Show Why You Should Embrace Vulnerability as a LeaderĪn additional key advancement is that customers using ABACUS can now receive an increased net profit, 60% less actuarial effort and 100% less IT effort for Rating setup and configuration. The IBM Watson Studio has also enabled companies to build, run, and manage AI models on any cloud through an automated end-to-end AI lifecycle – simplifying experimentation and deployment, speeding up data exploration and preparation, and improving model development and training.Ī key benefit for ABACUS users is the improved personalization due to the increased number of risk segments, as well as the reduced time for completion of both pricing and rating processes, from three months to just 5 days. Improved personalization and instant implementation for insurance companies So far, ABACUS has been leveraging IBM Watson Studio to bring game-changing technological innovations in redefining and optimizing insurance companies’ pricing and rating processes, highly adaptive to any legacy system and easy to integrate with any external one. The event aims to help companies utilize the tech provider’s expert guidance in how to scale their B2B startups, while learning how to build and market their solutions.Īdditionally, ALSO will share how IBM’s integrated technologies and services can give startups the tools to build a stronger and more innovative business, and hear experts opinion on the topic from special guests and household names such as Filip Genov, Svilena Stoyanova, Mila Taneva and Georgi Sidjimkov. The Bulgarian company will discuss its collaboration with IBM and the work on the ABACUS product at the ALSO’s Tech2Scale event on December 12 at Flex-R lounge at the Sofia Airport Center. To infuse AI in their solution Ablera used the ALSO-provided IBM Watson Studio, a leading data science and machine learning solution that helps enterprises accelerate AI-powered digital transformation. Click Here to learn more about how we empower our clients to partner with us and make a positive impact.Bulgarian company Ablera recently enhanced its AI-powered ABACUS solution in order to bring next level speed and accuracy in insurance tech processes, minimizing the error-prone, cumbersome manual efforts and allowing a wider range of users to work with applied mathematics.īy working together with technology provider ALSO Bulgaria, Ablera has now added ML algorithms to the commonly used generalized linear models (GLM), which allows ABACUS to use a wider range of risk factors. This is why we offer a myriad of annual charitable donations, of our client’s choice. What about Community Outreach?Īt Abacus, we strongly believe in our social responsibility to give back to our communities. Our team of agents are truly dedicated to each client and work around the clock, relentlessly pursue the best possible deals. Through our alliances and partnerships with other carriers, we effectively operate on a scale that allows us to offer more competitive pricing than our competitors. How does Abacus Insurance and Financial Services operate?Īt Abacus, we invest in equipping our team and clients with the tools needed to ensure reliable, quality service. We would not be where we are today without our amazing clients and their trust in Abacus Insurance & Financial Services. The answer is quite simple: we provide a high-quality service and our clients are confident in referring us to their friends, family, and colleagues. We are often asked by our competitors how we manage to grow so quickly while maintaining an incredible client retention rate. How are we consistently one of the highest clients retaining firms in the industry? These are the core values that Abacus was founded upon and that fuels our pursuit of excellence in providing consistent, stellar coverage at the most competitive and affordable pricing. Treat your clients the way you would like to be treated - with respect, honesty, and humility. ![]()
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