Facio Blog | AI, Insurance and the Future

Is 2021 Really the End of IBM's AS/400?

Back on June 21st, 1988, IBM rolled out what it called Application System/400, or as it's more popularly known, AS/400. This was a...

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Welcome the 2021 Smart contracts

Contracts are a fundamental element of any human relationship. Contracts could be as simple as money and as fundamental as conversation...

What is the DATA problem, and how we solved it?

I nformation is everything and it's unlimited. The more information you have, the broader your understanding of reality. Data is an...

How to Train Your Data?

In order to thrive in today's competitive, technology-driven landscape, insurance companies must learn how to effectively harness the...

Why Data Science is a Thing of the Past?

Facio's Artificial Intelligence is substantially different from any previous Big Data models and AIs, allowing it to give up its pieces...

Why Do We Need to Predict What We Already Know?

Over the last 20 years a vast amount of the insurance industry resources have been allocated to Big Data projects and the hiring of...

The Future of Insurance That Millennials Desire

By coming of age during a time of technological change, globalization and economic disruption, Millennials have a much different set of...

What Is a Risk Equalizer, and How it is Changing the Actuarial Profession landscape?

In an era which the machines analyzes the financial consequences of risk autonomously, what will be the future of actuaries? possibly...

2020 Insurance Industry forecast: “best of times and worst of times.”

The EY annual Global Insurance outlook report said low interest rates, little or no growth in most regions around the world, the...