Risk Management: Brick by Brick
How to Predict Risk with Computer Vision with Jeff Goldsmith, VP of Marketing at CompScience
Jan 3, 2024
Jeff Goldsmith, VP of Marketing at CompScience, shares how computer vision can predict accidents and revolutionize risk management. They discuss the benefits of the Intelligent Safety Platform, limitations of security cameras, reducing risk and analyzing costs, and the advantages of computer vision in risk management. The importance of aligning incentives and goals is emphasized.
15:50
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Quick takeaways
- Computer vision and predictive data can be used to analyze video footage and prevent accidents by identifying risks.
- Reskilling of safety managers and risk consultants as data analysts is crucial to effectively utilize AI tools in the insurance industry.
Deep dives
The Power of AI in Risk Management
The podcast episode discusses the role of AI technology in risk management and its potential to prevent accidents. The guest, VP of Marketing at Comp Science, explains how their Intelligent Safety Platform uses predictive data and computer vision to analyze video footage from security cameras, identify risks, and provide risk reports and dashboards. The software is beneficial for middle market companies as it comes bundled for free with workers' compensation policies, while Fortune 500 companies can purchase it directly. The use of AI technology allows insurance brokers to be more risk consultative and helps reduce risk by identifying unseen hazards.
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