Insurance technology news from Mutua Madrileña, Cowbell and more. (Credit: TippaPatt/Shutterstock)
Mutua Madrileña selected GEMINAI, Diveplane's flagship product, to support its synthetic data strategy. Like many, the insurance industry must navigate strict regulations and privacy concerns when sharing and utilizing policyholder data. This creates challenges as insurers determine risk models, price products, create policyholder standards and even determine rare occurrences. GEMINAI creates a verifiable synthetic 'twin' dataset with the same statistical properties of the original data, but without including real-world confidential information, allowing the data to be applied widely while adhering to privacy regulations and protecting personal information.
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