Country for PR: United States
Contributor: PR Newswire New York
Wednesday, December 18 2019 - 04:35
AsiaNet
Jewelers Mutual Teams with H2O.ai to Drive AI Innovation in the Jewelry Insurance Business
MOUNTAIN VIEW, California, Dec. 18, 2019 /PRNewswire-AsiaNet/ --

- AI and Machines Learning Innovations from H2O.ai Drive Personalized and 
Better Experiences for Jewelers and Consumers

H2O.ai ( 
https://c212.net/c/link/?t=0&l=en&o=2674034-1&h=4138892001&u=http%3A%2F%2Fwww.h2o.ai%2F&a=H2O.ai 
), the open source leader in artificial intelligence (AI) and machine learning 
(ML), today announced Jewelers Mutual ( 
https://c212.net/c/link/?t=0&l=en&o=2674034-1&h=292200476&u=https%3A%2F%2Fwww.jewelersmutual.com%2F&a=Jewelers+Mutual 
), one of the United States' and Canada's most established and trusted 
providers of affordable and comprehensive insurance for jewelers and consumers, 
has chosen its award winning AI platforms to provide AI and machine learning 
capabilities to better serve its customers. As a leader in driving 
customer-focused innovation and providing the latest technology to a 
long-standing industry, Jewelers Mutual is using H2O-3 open source ( 
https://c212.net/c/link/?t=0&l=en&o=2674034-1&h=3318617489&u=https%3A%2F%2Fwww.h2o.ai%2Fproducts%2Fh2o%2F&a=H2O-3+open+source 
) and H2O Driverless AI ( 
https://c212.net/c/link/?t=0&l=en&o=2674034-1&h=1379212337&u=https%3A%2F%2Fwww.h2o.ai%2Fproducts%2Fh2o-driverless-ai%2F&a=H2O+Driverless+AI 
) to deliver exceptional customer experiences, prevent losses, and provide 
better protection and policies for both jewelers and customers.

Logo - https://mma.prnewswire.com/media/681933/h2oai_Logo.jpg  

"We have been in the jewelry insurance business for over 100 years, and our 
leadership team has been looking to raise the bar for technology-driven 
innovation in the industry. After two years of experimentation with AI and 
machine learning, we came to place a high value on model transparency and 
explainability. Our business end-users demanded it. The initial AI platform we 
used was lacking in this area so we began searching for a new platform," said 
Andrew Langsner, Senior Manager, Embedded Analytics at Jewelers Mutual. "After 
evaluating several solutions in our search for the ideal AI platform, we chose 
H2O.ai because it provides us with the transparency we needed into our machine 
learning processes, much more flexibility than the other tools we evaluated, 
and the strongest machine learning explainability capabilities on the market. 
H2O.ai provides new avenues of innovation and allows us to build quality and 
insightful ML tools for our business stakeholders."

Since working with the H2O.ai platforms, the company has been able to build 
unique models and recalibrate its rating systems based on the additional 
customer data generated, making its insurance rates more competitive. In 
addition to its underwriting, customer experience and claims use cases, the 
company is also applying analytics to identify ways to improve security, 
particularly for commercial customers. For example, during recent California 
wildfires and power outages, the team was able to identify customers that would 
need additional physical security personnel to protect their inventory. These 
critical use cases have streamlined the data science process and helped the 
team save valuable time and resources.

"Jewelers Mutual is using H2O Driverless AI to automatically build machine 
learning models for predicting customer lifetime value and prevent high 
severity losses and suspicious claims, amongst other high value use cases," 
said Sri Ambati, Founder and CEO of H2O.ai. "Jewelers Mutual is the leader in 
jewelry and insurance, has been using data and predictive analytics to improve 
its customer experiences and is not new to AutoML. H2O Driverless AI provides 
an easy on-ramp to operationalize and explain its machine learning models, 
increasing the productivity of its data science teams. We are thrilled to be 
its team's chosen trusted partner in the AI transformation journey and hope to 
make them an AI company, further establishing their technological leadership in 
the space."

H2O-3, A Leading Open Source AI Platform
H2O-3 is the leading open source, scalable and distributed in-memory AI and 
machine learning platform. H2O-3 supports the most widely used statistical and 
machine learning algorithms including gradient boosted machines, generalized 
linear models, deep learning and more. H2O-3 also has an industry leading 
AutoML functionality that automatically runs through all the algorithms and 
their hyper-parameters to produce a leaderboard of the best models.

H2O Driverless AI: AI to do AI
H2O Driverless AI empowers data scientists to work on projects faster and more 
efficiently by using automation and state-of-the-art machine learning to 
accomplish tasks in hours instead of weeks and months. By delivering automatic 
feature engineering, model validation, model tuning, model selection and 
deployment, machine learning interpretability, time-series and automatic 
pipeline generation for model scoring, H2O Driverless AI provides companies 
with a data science platform that addresses the needs of a variety of use cases 
for every enterprise in every industry.

About H2O.ai
H2O.ai is the open source leader in AI and automatic machine learning with a 
mission to democratize AI for everyone. H2O.ai is transforming the use of AI to 
empower every company to be an AI company in financial services, insurance, 
healthcare, telco, retail, pharmaceuticals and marketing. H2O.ai is driving an 
open AI movement with H2O, which is used by more than 18,000 companies and 
hundreds of thousands of data scientists. H2O Driverless AI, an award winning 
and industry leading automatic machine learning platform for the enterprise, is 
helping data scientists across the world in every industry be more productive 
and deploy models in a faster, easier and cheaper way. H2O.ai partners with 
leading technology companies such as NVIDIA, IBM, AWS, Intel, Microsoft Azure 
and Google Cloud Platform and is proud of its growing customer base which 
includes Capital One, Nationwide Insurance, Walgreens and MarketAxess. H2O.ai 
believes in AI4Good with support for wildlife conservation and AI for 
academics. Learn more at www.H2O.ai.

About Jewelers Mutual
Jewelers Mutual Group was founded in 1913 by a group of Wisconsin jewelers to 
meet their unique insurance needs. Today, Jewelers Mutual offers products and 
services nationwide and throughout Canada that enable jewelry businesses to run 
safe, secure, and successful operations. Consumers also put their trust in 
Jewelers Mutual to protect their personal jewelry and the special moments it 
represents. The group's strong financial position is reflected in its 32 
consecutive ratings of "A+ Superior" from A.M. Best Company. To learn more, 
visit JewelersMutual.com ( 
https://c212.net/c/link/?t=0&l=en&o=2674034-1&h=2239620054&u=https%3A%2F%2Fwww.jewelersmutual.com%2F&a=JewelersMutual.com 
).

Media Contact: 
Russ Castronovo 
press@H2O.ai
+1 408-391-9632

SOURCE  H2O.ai
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